Solana Latest News
Currently, Solana (SOL) is facing market volatility. Its price has fallen in recent days to around $127, down 0.68% over the past 24 hours and 5.27% over the past week. However, analysts suggest that prices could rise in the coming period, especially with the approach of the **Breakpoint** conference scheduled to be held in September 2024. Historically, Solana’s value has risen by up to 60% before this conference in previous years, prompting investors to be optimistic about a new rise.
In addition, daily activity on the Solana network has increased by 22%, which could help restore the network’s strength and stimulate growth. As whales continue to monitor the coin and buy large quantities of it, expectations are growing that the coin may see a significant recovery soon.
On the other hand, Solana’s future depends on the continued growth of its ecosystem, especially in the areas of **DeFi** and **NFTs**, which strengthens its position as one of the fastest growing protocols in the crypto world.
