Solana: What are the 2 major factors helping SOL’s price soar?

Quick Summary:

Solana is booming, with DEX volumes exceeding $10 billion and token burns strengthening its deflationary model.

As SOL’s price continues to climb, questions arise about whether this momentum can be sustained or if a pullback is on the horizon.

Recent data reveals that Solana has burned over $6 million of transaction fees, a record-breaking milestone showcasing the network’s bustling activity.

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Article Details

Author / Journalist: Adewale Olarinde

Category: Crypto

Markets: United States

Topics: Altcoin News News 1 Social Ambcrypto Solana Trading View

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-24 @ 01:00:21 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 601 words

Reading Time: 4 minutes read

Sentences: 35 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 23783570

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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