December 21, 2023, SOL: Becoming the fifth largest cryptocurrency
🦉 Overall trend
Overall, SOL has shown a strong positive trend recently.
Its market capitalization surpassed XRP to become the fifth largest cryptocurrency, its price reached a new high for the year, and traders' active behavior in the derivatives market are obvious positive signs.
In addition, SOL's strong rise since the end of last year shows that the market has strong confidence in it.
However, some weaknesses in technical indicators suggest that there may be some price volatility in the short term, so investors should remain cautious.
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