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You are here: Home / News / Solana as base currency just came true on Bitrue
solana

Solana as base currency just came true on Bitrue

April 28, 2022 by Aishwarya shashikumar

Bitrue has added Solana (SOL) to its base currency list, according to the official release. Bitrue introduced Cardano (ADA) support in February by making it a base currency. The exchange platform also took to its Twitter handle, on 27 April 2022, to announce this listing.

Solana stays among the top ten fastest developing properties in April, according to Santiment data.

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SOL was in the top three of a list of the top ten projects by aggregated development activity based on publicly accessible Github data for April. SOL is the second-most-developed asset, ahead of Filecoin, which is rated third, with 408 uploads each day.

The development data of hundreds of public Github repositories is tracked using Santiment’s metric. The higher a project ranks in the ranking, the more users contribute to it. While development activity has little to no effect on short-term market pricing, it could be a good sign of the project’s long-term success.

Solana tops charts every where

On Thursday, a SOL-powered NFT topped OpenSea’s 24-hour sales rankings, while a South African fine-wine NFT auction took off, raising over $180,000.

Okay Bears, a Solana-powered NFT, topped OpenSea’s 24-hour sales tracking for the first time today, outperforming all other Ethereum (ETH) projects available. It’s the first time a Solana (SOL) NFT project has topped the 24-hour sales chart of popular NFT marketplace OpenSea.

.@okaybears 🤝 No.1 on the OpenSea 24h rankings

A @solana project has topped OpenSea’s market-wide 24h sales tracker for the first time!

Check out the latest featured Solana collections on our dedicated SOL page: https://t.co/gteXeNRocn pic.twitter.com/1duEDQyxyn

— OpenSea (@opensea) April 27, 2022

According to NFT tracker Cryptoslam, the Solana-based NFT, which offers a collection of 10,000 unique photographs of bears, sold out its collection barely a day after its inception.

Since April 12, Solana has been stuck in a sideways trading market. SOL has been trading below $100 for the past three days. Solana was trading slightly lower at $98 at the time of writing.

Prices for Solana have declined roughly 10% in the last week and 20.42 percent in the last month. Given the price drop, SOL appears to be on the verge of a comeback. To resurrect the uptrend, a strong close above the everyday moving averages of 50 and 200 is required.

In the Ethereum-dominated NFT industry, the SOL network has been gaining ground as a rival. In terms of NFT sales volume during the last 24 hours, it is the second most engaged blockchain today.

Filed Under: News, Altcoin News, World Tagged With: Crypto Adoption, Cryptocurrency, solana

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