Solana rising over recent declines.
Over a 20 day period, Solana (SOL) showed an incredible 82% rise to $143.50 on April 2. Thanks to the integration of the currency to Coinbase Wallet and OpenSea. But the current 22.7% decline has the investors confused.
On April 8, the number of Solana network addresses interacting with decentralized applications actually increased 11% on average, according to DappRadar, despite the recent decline.
Solana's strategy to focus on NFT markets seems to have paid off because the layer-1 blockchain network has risen to third place overall in NFT sales on April 6. Research by DappRadar suggests that Solana investors should not worry about the most recent correction. The Solana ecosystem is fueled by the delivery of important milestones toward Ethereum compatibility and NFT market integrations. As long as this happens, the potential for further price appreciation seems likely.
Please be advised that this is not an investment advice.
#Solana #NFT
