Home Business Derivatives information suggests Solana has reached a short-term high By Cointelegraph

Derivatives information suggests Solana has reached a short-term high By Cointelegraph

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Derivatives information suggests Solana has reached a short-term high

Solana (SOL) reached a $216 all-time excessive on Sept. 9 after rallying 508% since Aug. The bull run prompted some analysts to challenge a $500 goal which might translate to a $150 billion market capitalization.

It’s price noting that in SOL’s rally, the community’s common transaction payment had surpassed $40. Surging curiosity within the NFT market accelerated traders’ transition to Solana, which was boosted by FTX’s NFT market launch on Sept. 6.

Solana, Avalanche, and Cosmos value at Binance. Supply: TradingView
Solana futures mixture open curiosity. Supply: Bybt.com
Solana perpetual futures 8-hour funding charge. Supply: Bybt.com