{"id":301660,"date":"2021-08-29T10:47:08","date_gmt":"2021-08-29T14:47:08","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=301660"},"modified":"2021-08-29T10:47:08","modified_gmt":"2021-08-29T14:47:08","slug":"solana-price-gains-8-4-to-94-20-where-to-buy-sol","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-gains-8-4-to-94-20-where-to-buy-sol","title":{"rendered":"Solana Price Gains 8.4% to $94.20 \u2013 Where to Buy SOL"},"content":{"rendered":"

Solana has been one of the best gainers in the crypto market over the past month. Solana’s gains have propelled its market values to more than 27 billion, and it currently ranks eighth in the cryptocurrency charts. Solana’s gains have enabled it to outrank other cryptocurrencies such as polkadot and USD Coin.<\/p>\n

Solana is trading at $94.20 at the time of writing after an 8.4% gain in 24 hours.<\/p>\n

Solana Price Analysis<\/h2>\n
\"Solana<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Solana is still creating new all-time highs because of increased buyer support and high network activity. Solana has been on a significant upsurge in the past 24 hours and reached an all-time high of $97.66. However, it has failed to hold this new high and instead slumped to lower levels.<\/p>\n

Buy Crypto Now<\/span><\/a><\/div>\n

Solana’s monthly gains stand at almost 200%. There is a high chance that the upsurge will continue, in which case we will see Solana retest $98. A rally towards $100 is also possible, given that trading volumes show that traders are still rallying up support for the coin.<\/p>\n

If SOL breaks past $100, it will be gearing up for a massive bull rally. Nevertheless, going by SOL’s price movements this month, the altcoin has been through ups and downs, a trend that could happen again. If Solana drops at the current levels, we could see it retest the lower support of $88. However, going to these levels will only trigger buyers to accumulate more; hence SOL’s rally towards $100 is inevitable.<\/p>\n

Solana is gearing up for a massive DeFi explosion on its ecosystem. The network partnered with Chainlink<\/a> to offer price feeds that can be used in DeFi apps. This will allow developers to save time and boost cost-effectiveness by ensuring such services are not created from scratch. This is aimed at attracting more DeFi developers to the platform.<\/p>\n

Where to Buy Solana<\/h2>\n

If you want to buy Solana, you can create a cryptocurrency exchange account on the following platforms:<\/p>\n