Solana [SOL], which has been in the limelight for its high network activity, has once again made an achievement in the NFT ecosystem.
, which nowadays has been in the limelight for its high network activity, has once again made an achievement in the NFT ecosystem.As per the tweet, Solana outshined all other blockchains in terms of daily NFT blockchain user adoption. SOL’s number increased by almost 34% in the last 24 hours. Apart from SOL,revealed that Frogana, Retardio Cousins, and SMB Gen2 were the top three NFT collections on Solana over the last 24 hours.
As per Sanrtiment’s data, SOL’s NFT trade count spiked last week. Its NFT trade volume in USD also increased over the past few days.AMBCrypto’s analysis of CRYPTOSLAM’s data revealed that Solana also witnessed an increase in its NFT sales volume last week. To be precise, the number grew by 8%. However, not everything looked favorable. For instance, SOL’s number of NFT sellers dropped by 59% last week. A similar declining trend was also noted in terms of SOL’s number of NFT buyers, as the figure dropped by more than 66%., SOL’s price increased by over 4% in the last 24 hours. At the time of writing, SOL was trading at $146.67 with a market capitalization of over $68 billion, making it the 5th largest crypto.
Therefore, AMBCrypto planned to have a look at SOL’s daily chart to better understand what to expect from the token. As per our analysis, the technical indicator MACD displayed a bullish advantage in the market.The Relative Strength Index registered an uptick and was headed further up from the neutral mark, indicating a continued price increase.
Nonetheless, the Chaikin Money Flow went southward, which could restrict SOL’s price from moving up in the coming days.Dipayan is a full-time journalist at AMBCrypto. He has 2 years of experience in the content creation industry. A graduate in journalism, Dipayan has a keen interest in keeping himself updated with the latest developments in the crypto-space. He is a singer and a guitarist who also enjoys going on long bike rides.Subscribe to get it daily in your inbox.
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