This Altcoin Followed the Rise in Bitcoin the Most! Is Trust in the Network Increasing?

A strong start to October Bitcoin And in altocins The rise makes investors happy.

BTC While some altcoins have increased by more than 4% in the last 24 hours, the rise of some altcoins has reached almost 15%.

One of these altcoins is Solana (LEFT) happened. Solana, approaching 25 dollars, with this price increase Dogecoin (DOGE) and Cardano (ADA) seventh largest by market value, surpassing cryptocurrency became the unit.

At this point, analysts think that SOL may experience further rises, especially if it can maintain its position above the 200 EMA, and if the strong rise in SOL continues, the price could potentially reach the $30 level.

LEFT While its price is rising, Solana is also showing strong growth in the DeFi market. The total value locked on the Solana blockchain has risen to $338.82 million, a 2023 high.

As of October 2, SOL’s Total Value Locked (TVL) increased by approximately 4.15% in 24 hours, from $324.64 million to $338.82 million, a 4% increase and reached its highest level since the beginning of the year.

Over the course of 2023, SOL’s TVL has shown significant growth, registering an impressive increase of approximately 38% since January 2023, when it stood at $210 million.

*This is not investment advice.

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