- Regardless of Solana’s cellphone launch approaching nearer, the sentiment in opposition to Solana remained unfavorable.
- SOL costs continued to say no, coupled with a fall in quantity.
Regardless of the unfavorable press that Solana [SOL] acquired for its a number of downtimes over the months, the community has continued to make new additions to its expertise.
Learn Solana’s [SOL] Value Prediction 2023-2024
Solana, in a 30 April tweet, acknowledged that they’d launch their cellphone in collaboration with Helium [HNT] on 4 Might. Nonetheless, regardless of the upcoming launch of this new product, Solana wasn’t capable of get a lot traction on the social media entrance.
Helium’s blockchain-based cell provider launches Might 4th 📱 https://t.co/p5Wi6E9yhC
— Solana (@solana) April 30, 2023
SOL’s metrics recommend…
In accordance with LunarCrush’s knowledge, the variety of social engagements for Solana fell by 9% over the past week. The variety of mentions for Solana additionally decreased by 4.1% in the identical interval.
Knowledge supplied by Santiment showcased that the weighted sentiment for Solana was unfavorable. This implied that the outlook of most crypto customers in direction of Solana was pessimistic.
Furthermore, the previous few days noticed a considerable decline within the worth of SOL. In accordance with CoinMarketCap, Solana’s buying and selling worth stood at $22.21, reflecting a 4.74% discount within the final 24 hours. Together with the drop in costs, the general quantity of the SOL token additionally decreased from 1.19 billion to 498.04 million.
Supply: Solana
Nonetheless, regardless of the declining sentiment and the costs, stakers continued to point out assist for Solana. In accordance with the info supplied by Staking Rewards, the variety of stakers taking part within the Solana community witnessed a 4.67% rise within the earlier week.
As of the current second, the amount of addresses staking Solana stood at 619,623.
Lifelike or not, right here’s SOL’s market cap in BTC’s phrases
Supply: Staking Rewards
Spilling the NFTea
Concerning Solana’s NFT market, there have been cases of each favorable and unfavorable occasions for Solana on this area.
Blue Chip Solana NFTs had been noticed to be getting giant quantities of traction over the past 90 days, with volumes starting to soar and curiosity in them rising considerably.
Supply: solanafloor
Regardless that Blue Chip Solana NFTs had been doing comparatively nicely, the identical couldn’t be mentioned concerning the total state of Solana’s NFT market. In accordance with solanafloor’s knowledge, the general quantity of Solana NFTs declined, coupled with the typical ground worth, which additionally took successful.
This indicated that solely the blue chip NFTs had been observing curiosity, whereas different smaller initiatives weren’t seeing any progress on the Solana market.
Supply: solanafloor
