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Solana’s Long-Term Accumulation Strategy Pays Off – Here’s How

DATE POSTED:September 14, 2024

The post Solana’s Long-Term Accumulation Strategy Pays Off – Here’s How appeared first on Coinpedia Fintech News

On a busy Friday in the crypto world, Bitcoin and Ethereum saw a significant boost in trading. Bitcoin briefly hit $58,400 before settling around $57,800, while Ethereum approached its recent high of $2,450. This activity led to a spike in leveraged and margin trades, with Bitcoin’s open interest reaching $12.2 billion and Ethereum’s hitting $5.36 billion. Investors jumped in, eager to take advantage of the short-term positive trends in these top cryptocurrencies.

But amid this frenzy, one asset is quietly making its moves—Solana (SOL).

Solana’s Quiet Climb

Amidst the excitement around Bitcoin and Ethereum, Solana (SOL) is quietly making progress. While Bitcoin and Ethereum surged, Solana rose above $140, avoiding the speculative frenzy. Santiment sees this calm behavior as a positive sign, suggesting steady accumulation and the potential for a strong rally ahead.

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