$SOL $BNB #𝘽𝙉𝘽 𝙫𝙨 #𝙎𝙊𝙇𝘼𝙉𝘼, 𝙒𝙝𝙤 𝙬𝙞𝙡𝙡 𝙬𝙞𝙣 𝙞𝙣 𝙩𝙝𝙚 𝙨𝙚𝙘𝙤𝙣𝙙 𝙝𝙖𝙡𝙛 𝙤𝙛 2024 ❓

In a year full of major changes in the cryptocurrency market, #BNBChain and #Solana are top of mind for investors.
Reporting from finbold.com, the BNB token has reached an impressive peak.
But on the one hand, Solana is also showing signs of recovery

Nowadays, the most frequently asked question is, which coin is better for investment ?

$SOL #SOL #Solana

Solana TPS Nearly Touches 2,000! What is the Impact on SOL Price?

Blockchainmedia – Solana (SOL) was one of the networks that stood out during the recent bull run in the crypto market, attracting significant attention and interest. This increase in interest was accompanied by a significant increase in transaction volume on the Solana network.

However, the network has also faced criticism due to downtime issues it has experienced over the past few years.

Network Upgrade Brings Improved Performance
In response to these challenges, Solana launched a significant upgrade, version 1.18, which provides substantial performance improvements.

While there are still some limitations in the transaction processing pipeline, current benchmarks show that Solana is approaching processing throughput of 2,000 transactions per second (TPS) in real-world conditions.

This upgrade is a promising development for the network, demonstrating increased efficiency and reliability.

Looking ahead, future performance projections for Solana look increasingly promising. Mert, CEO of Helius, expressed his optimistic view that Solana has the potential to surpass 10,000 TPS by the start of the new year.

If these projections come to fruition, it would mark a significant leap for the network, further strengthening its position in the market.

SOL Price Movement and Market Trends

Despite these technical advances, SOL prices do not reflect network progress. At the time of writing, SOL price was trading at US$148.77, reflecting a 1.87 percent decline in the last 24 hours.

AMBCrypto reported that, since May 20, the price of SOL has experienced a significant decline, characterized by lower lows and higher lows, indicating a bearish trend.

However, there are several positive indicators amidst this bearish trend. Chaikin Money Flow (CMF) for SOL remains positive, indicating that there is still money flowing into SOL despite the downward price trend.

Additionally, On-Balance Volume (OBV) for SOL is surging, indicating that trading volume remains strong, which could be a sign of a potential price reversal.