So, President Trump decides to announce this US Strategic Crypto Reserve, right? And suddenly, the crypto market is like, “Hey, look at me!” It’s a bullish recovery, folks! And guess who’s in the spotlight? Solana! Can you believe it?
Now, let’s break this down. Solana, or as I like to call it, the overachiever of the altcoin world, is sitting at SOL $162.6. And what’s this? 24h volatility: 14.0%? That’s like my mood swings on a Monday! And the market cap? A whopping $82.40 B. I mean, who knew crypto could be this dramatic?
And then there’s XRP, Cardano, Ethereum, and Bitcoin all trying to get a piece of the action. XRP is at $2.66 with a 17.2% volatility. Cardano? $0.99 and a wild 50.8% volatility. It’s like a rollercoaster out there! 🎢
Solana just surged nearly 25% last night. I mean, come on! It peaked at $180. But now it’s back down to $161 with a little pullback of 9.78%. Will it bounce back to hit that elusive $200 mark? Who knows! It’s like waiting for a bus that never comes.
Solana Recovery Tests $180 Supply Zone, Bulls Aim for $213
Looking at the daily chart, Solana’s price trend is like a comeback kid story. It bounced back from the $135 support level. It’s like it’s saying, “I’m not done yet!”
And then, boom! The news of Solana being included in the strategic reserve breaks the bullish trend. It’s like a surprise party, but instead of cake, you get a bullish engulfing candle. SOL price just zoomed past the 78.6% Fibonacci level. Fibonacci? Sounds like a fancy Italian dish!
But wait, there’s a sudden supply meetup, and the intraday pullback drops SOL to the $160 support level. It’s like a bad date that just won’t end. But hey, there’s hope for a retest of the $182 supply zone. Fingers crossed!
Solana Chain Dominates DEX Volumes, NFT Space and Witness High Bridged Asset Inflow
In the midst of all this chaos, Solana is still the king of decentralized exchange trading volume. For five months straight, it’s been like, “I’m the best!” with a DEX volume of $105 billion. Take that, Binance Smart Chain and Ethereum!
📊REPORT: @Solana continues to surpass all chains in monthly DEX volume for the 5th straight month.
– Volume: $105 billion
— SolanaFloor (@SolanaFloor) March 3, 2025
And guess what? In February, over $700 million worth of assets were bridged to Solana from other blockchains. That’s like moving to a new apartment and bringing all your stuff with you. And over $400 million of that came from Ethereum. Ouch! That’s gotta sting!
📊REPORT: In February, over $700 million worth of assets were bridged from other blockchains to @Solana.
(This includes over $400 million from Ethereum to Solana alone)
— SolanaFloor (@SolanaFloor) March 3, 2025
And let’s not forget about NFTs! Solana is dominating the NFT trend with a whopping 146,000 users. That’s a 32% rise! It’s like the cool kid in school that everyone wants to hang out with.
📊REPORT: @Solana continues to surpass all other chains in monthly NFT user
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2025-03-03 15:32