The interest in the term contracts Solana will reach unrivaled heights, while the 30th April is opened $ 5.75 billion.
In short
- Open interest in land term contracts reached 30 April $ 5.75 billion, while Solana placed third in the Krypto derivative market.
- Support of $ 140 is held for one week and indicates increased investors.
- Despite the negative extent of financing, the Solana ecosystem has a remarkable strength with $ 9.5 billion.
- The prospects of approval on the site of the ETF Solana in October could move the course of the land around $ 200 before this date.
Institutional interest in height
On April 30, interest on the Term Agreements reached 40.5 million land, an increase of 5% compared to the previous month. This level is now approaching the highest recorded.
This is $ 5.75 billion in terms of term positions, land location as the third most traded active on the market of crypto derivatives, exceeding the demand for XRP derivatives.
This growth indicates a growing institutional interest for Solan. Recent exceeding $ 150 with an impressive increase of 8% per 24 hours shows renewed investors optimism.
This Haussier movement comes after the consolidation period, when support for $ 140 remained intact throughout the week.
However, the previous data revealed more nuances reality. The level of financing of permanent land contracts was negative at the end of April, indicating increased demand for positions. The recent bull movement could point out a change in the feeling between traders.
Solena’s ecosystem shows its basic power
If an ambitious reach of $ 200 can be achieved, remember that Sol has exchanged nearly $ 195 in mid -February. With the current $ 151.78 price, this goal now seems to be more accessible. In addition to the same people who have made their recent famous, Solana offers diversified and effective ecosystem.
With the total blocked value (TVL) $ 9.5 billion, Solana ranked second in all blockchains. Its ecosystem also includes protocols for storing liquid, rental platform and synthetic derivatives.
Several decentralized applications generate impressive income: the meteora has collected $ 19.1 million per week, followed by a pump. Fun with 18.6 million.
Even more remarkable is that Solana dominates decentralized exchanges with $ 21.6 billion in weekly activities and exceeds the entire Ethereum ecosystem and its solution of layer 2.
Possible approval of the ETF Solana American SeC within October 10, estimated to be 90% of analysts’ success, could serve as another catalyst. With the solid foundations of its ecosystem and the current price dynamics, Sol could exceed $ 200 in the coming months.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.
