Solana Price Analysis: SOL Traders Could Earn 80% Profits from Ethereum ETFs Launch
==========
Solana (SOL) price has consolidated above the $130 territory in the last 48 hours. Solana has cornered 42.6% of the Non-Ethereum based (Non-EVM) DeFi market, with an active TVL of $4.12 billion. The Solana DeFi ecosystem has attracted more than $951.7 million, accounting for 30.9% of the total funds flowing out of the Ethereum network. The impending launch of Ethereum ETFs is set to propel the funds flowing into the Solana DeFi ecosystem even higher in the coming months. If the inflows into the Solana DeFi ecosystem surge as predicted, SOL price is poised to experience considerable upside. Solana is currently trading at approximately $102.74, experiencing a modest gain of 1.62% within the daily timeframe on June 23. Key resistance levels to watch include $142.50 and $159.14, which could act as barriers to any upward movement.
#Solana #Sol #Cryptocurrency #EthereumEtfs #Defi #PriceAnalysis
https://www.fxempire.com/forecasts/article/solana-price-analysis-sol-traders-could-earn-80-profits-from-ethereum-etfs-launch-1440524
FX Empire /
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2024-06-23 15:42:33
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2024-06-23 15:42:33Event JSON
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"content": "Solana Price Analysis: SOL Traders Could Earn 80% Profits from Ethereum ETFs Launch\n==========\n\nSolana (SOL) price has consolidated above the $130 territory in the last 48 hours. Solana has cornered 42.6% of the Non-Ethereum based (Non-EVM) DeFi market, with an active TVL of $4.12 billion. The Solana DeFi ecosystem has attracted more than $951.7 million, accounting for 30.9% of the total funds flowing out of the Ethereum network. The impending launch of Ethereum ETFs is set to propel the funds flowing into the Solana DeFi ecosystem even higher in the coming months. If the inflows into the Solana DeFi ecosystem surge as predicted, SOL price is poised to experience considerable upside. Solana is currently trading at approximately $102.74, experiencing a modest gain of 1.62% within the daily timeframe on June 23. Key resistance levels to watch include $142.50 and $159.14, which could act as barriers to any upward movement.\n\n#Solana #Sol #Cryptocurrency #EthereumEtfs #Defi #PriceAnalysis\n\nhttps://www.fxempire.com/forecasts/article/solana-price-analysis-sol-traders-could-earn-80-profits-from-ethereum-etfs-launch-1440524",
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