Big Move In Solana: 2 Reasons Why This Top Token Surged 7% Off Yesterday's Bottom

Given the relatively steady declines that have proliferated in the cryptocurrency sector over the past week, today's price action is certainly welcome to see. Many top tokens, including Solana (CRYPTO: SOL), have rallied nicely off yesterday's lows. As of 11:00 a.m. ET, Solana has surged 7.1% from 4:00 p.m. ET yesterday, signaling investors are looking for tokens with considerable upside potential when buying this dip. I continue to think that Solana is among the top mega-cap digital assets worth considering as a long-term hold. However, over short-term periods, investor sentiment can swing sharply, allowing investors to benefit from near-term dips as buying opportunities. And while some of today's price action in Solana and other top tokens can be attributed to an improving macro backdrop (with other risk assets rising as well today), there are some token-specific catalysts I think are worth considering as key drivers of today's move in this top-tier layer-1 project. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool