{"id":12946,"date":"2022-06-24T19:50:01","date_gmt":"2022-06-24T19:50:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sol-price-jumps-10-as-unilayer-ceo-points-to-investor-confidence\/"},"modified":"2022-06-24T19:50:01","modified_gmt":"2022-06-24T19:50:01","slug":"sol-price-jumps-10-as-unilayer-ceo-points-to-investor-confidence","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sol-price-jumps-10-as-unilayer-ceo-points-to-investor-confidence\/","title":{"rendered":"SOL price jumps 10% as UniLayer CEO points to investor confidence"},"content":{"rendered":"

(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum & Crypto News )<\/b>
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Solana price rose to an intraday high above $41.00 on Friday as the crypto market registered some gains following a brutal start to the week.<\/p>\n

The digital asset, which is ranked 9th\u00a0among the largest cryptocurrencies with a market cap of $13.6 billion, surged from lows of $36.65 to hit $41.04 according to data from CoinGecko..<\/p>\n

The cryptocurrency has experienced a bullish move over the week, with SOL\/USD having traded at around $27.64 on 19 June.<\/p>\n

Solana price jumps on Saga phone news<\/h2>\n

On Thursday June 23, Solana Labs, the platform behind the development of the Solana ecosystem, released<\/a> a major reveal that coincided with SOL price going up.<\/p>\n

The hot news concerned the launch of Saga, a flagship crypto-focused smartphone designed to help drive Web3 adoption, including the use of NFTs.<\/p>\n

The news was a boost not just to Solana, but the wider crypto ecosystem, Alex Belets, the CEO of UniLayer Network, a L1 blockchain and interoperability platform, told\u00a0CoinJournal<\/em>.<\/p>\n

Solana is attracting investors<\/h2>\n

While the current market conditions do not offer so much to smile about, Belets says Solana could be having a different story building up.<\/p>\n

\u201cIt\u2019s difficult to be bullish about any token in the current market, but Solana does continue to attract investor attention,<\/em>\u201d he added.<\/p>\n

Positive news this definitely is for an industry that has seen so many negative headlines. However, Solana still has a big challenge that it must address \u2013 how to handle massive traffic that often ends with the network outages.<\/p>\n

So while investors continue to bet big on the platform, Belets says one interesting thing to watch out for is \u201chow developers tackle this critical issue in the face of a smartphone launch<\/em>\u201c<\/p>\n

SOL\/USD is nearly 10% up on the day at $40.12 (as of writing), while the upside has Solana trading more than 32% higher since its weekly low.<\/p>\n

SOL trading volumes have also jumped, with 24-hour trading volume up by more than 13.6%. The market cap has increased by over 8% in the same period.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum & Crypto News ) Solana price rose to an intraday high above $41.00 on Friday as the crypto market registered some gains following a brutal start to the week. The digital asset, which is ranked 9th\u00a0among the largest cryptocurrencies with a market cap of $13.6 billion, surged […]<\/p>\n","protected":false},"author":13,"featured_media":12947,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12946"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12946"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12946\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12947"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}