🚀 #Solana (SOL) increased by 8% from a low of $222! Despite some skepticism from investors, on-chain & derivative data shows strong growth potential. 📈
- SOL only increased by 1% from November 20-27, while the altcoin market rose by 12%. However, Solana's TVL increased by 48% in the past 30 days! 💪
- Solana ranks second in programming activity & user interaction. The ecosystem DApps are booming with Jito, Jupiter, Raydium. 🔥
Solana & Ethereum are developing independently, not in direct competition. Solana leads in memecoins, while Ethereum remains the king of DeFi. 🤝
- SOL futures contracts show optimism with a premium of 23% - the highest in the past 7 months. But caution is needed with excessive enthusiasm. ⚠️
What do you think about SOL's potential? Share your thoughts! 💬 #Crypto #Blockchain #BTC