Recently, the market performance of Solana(SOL) has attracted widespread attention. The latest statistics show that 13 institutions have now reserved SOL in their treasury, with a total open interest of 8.887 million tokens, accounting for 1.55% of the total supply of SOL. Among these institutions, some have chosen to stake their SOL on-chain, with a total staking amount of 585,000 tokens, valued at over 100 million USD, and an average staking yield of 6.86%.
This data reflects that institutional investors' confidence in SOL is increasing. The main advantages of SOL lie in its low transaction costs and high-performance characteristics, which allow it to stand out in the highly competitive cryptocurrency market.
From a technical analysis perspective, the price trend of SOL shows a volatile upward movement, seemingly waiting for a breakthrough opportunity. Currently, on the four-hour chart, the price of SOL is approaching the end of a triangular consolidation pattern, and a breakthrough may be imminent.
Market analysts hold a cautiously optimistic view on the future trend of SOL. Conservative estimates suggest that the price target range for SOL could be between 250-300 dollars. However, some more aggressive investors believe that the potential of SOL may far exceed this level.
As the decentralized finance ( DeFi ) and non-fungible token ( NFT ) ecosystems continue to develop, the position of SOL as a high-performance public chain may be further solidified. However, investors still need to be cautious and closely follow market trends and potential risks.
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Recently, the market performance of Solana(SOL) has attracted widespread attention. The latest statistics show that 13 institutions have now reserved SOL in their treasury, with a total open interest of 8.887 million tokens, accounting for 1.55% of the total supply of SOL. Among these institutions, some have chosen to stake their SOL on-chain, with a total staking amount of 585,000 tokens, valued at over 100 million USD, and an average staking yield of 6.86%.
This data reflects that institutional investors' confidence in SOL is increasing. The main advantages of SOL lie in its low transaction costs and high-performance characteristics, which allow it to stand out in the highly competitive cryptocurrency market.
From a technical analysis perspective, the price trend of SOL shows a volatile upward movement, seemingly waiting for a breakthrough opportunity. Currently, on the four-hour chart, the price of SOL is approaching the end of a triangular consolidation pattern, and a breakthrough may be imminent.
Market analysts hold a cautiously optimistic view on the future trend of SOL. Conservative estimates suggest that the price target range for SOL could be between 250-300 dollars. However, some more aggressive investors believe that the potential of SOL may far exceed this level.
As the decentralized finance ( DeFi ) and non-fungible token ( NFT ) ecosystems continue to develop, the position of SOL as a high-performance public chain may be further solidified. However, investors still need to be cautious and closely follow market trends and potential risks.