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George Georgiev



Articles by George Georgiev

Bitcoin With a Monster Monthly Candle, Solana Explodes, Memes Soar: This Week’s Recap

18 days ago

What a week! Better yet, what a month! Did you know that Bitcoin has never had a month as good as February 2024? That’s right, the cryptocurrency closed its best-yet candle, and we haven’t even gone through the halving yet.
The pre-halving anticipation of higher prices is palpable as spot Bitcoin ETFs continue to see outrageous inflows. The total cryptocurrency market capitalization exploded to $2.4 trillion (per CoinGecko) as BTC charted a 21.3% increase in the past seven days alone.
The rest of the market followed suit, and even Ripple’s XRP, which was lagging throughout most of the year, increased by 10%. The rest of the altcoins in the top 10 also performed really well, with Solana taking the main stage and surging by 30%.
Meme coins also took center stage, with

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COTI’s $100M Growth Fund: Announcing Focus Areas

20 days ago

COTI Foundation has just announced the target use cases and focus areas for its $100 million development fund, all of which will be allocated in COTI tokens.
According to a press release shared with CryptoPotato, there will be a selection process for projects who want to apply for funding, and it will be open to all developers, encouraging them to explore and build data-secure apps.
The COTI V2 ecosystem will open up to use cases across a range of different areas, including decentralized finance (DeFi). The press release reads:
COTI V2 has the ability to bring the next billion in TVL to Defi with confidential transactions which allows decentralized apps to offer new products and services, but also greatly increases both the privacy and security of services they currently

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Bitcoin Bulls Regroup as Ethereum and Binance Coin Take the Center Stage: This Week’s Crypto Recap

25 days ago

This week saw quite a bit of action, which ultimately failed to result in any substantial gains or losses in the total cryptocurrency market capitalization. The figure stands at $2.057 trillion, according to CoinGecko – up ever so slightly compared to this day last week.
Bitcoin’s price charted a decline of 2.8% in the past seven days, as the bulls were unable to remain above the important technical level at $52K. And it wasn’t for the lack of trying. In fact, BTC was trading above or very close to $52K for quite a while during the past week, but the bears eventually took over and managed to push the asset downwards.
Now, the cryptocurrency is found trading below $51K, charting a decline of about 0.7% on the day and 2.8% on the week.
It’s perhaps safe to say that it was

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Solana-Based Meme Coin WIF Explodes 16% Daily as SOL Price Challenges $110

February 18, 2024

Solana’s ecosystem has been booming in the past few months, giving birth to a number of meme coins that came to prominence only to decline and subsequently fade into oblivion. That hasn’t been the case with WIF, however, as – by all measures – it appears that the dog, indeed, still has a hat.
Dogwifhat (WIF) has seen its price exceed $0.40 in the past 24 hours, surging by more than 16%, as seen in the chart below:
Source: DexscreenerIt’s worth noting that WIF’s move comes amid a broader market recovery, as Bitcoin’s price is also pushing toward $52K at the time of this writing.
Last evening, BTC tumbled below $51K, but the dip was quickly scooped, and the price recovered.
Today, however, the market is green. Solana is also trying to push forward, currently trading at

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Bitcoin Tumbles Below $51K as Daily Liquidations Top $100M

February 17, 2024

The weekend isn’t treating Bitcoin’s price right as it has tumbled below $51K, erasing some of the gains achieved during the rally in the past few days.
As seen in the chart below, the price took a turn for the worse in the past few hours.
Source: TradingViewData from CoinGlass reveals that this has also sent ripples through the derivatives market, liquidating a total of $122 million in the past 24 hours.
As it’s expected, the volume of these moves is significantly lower compared to that of the rally during the week. The cumulative trading volume across all exchanges in the past day is just shy of $70 billion, while it topped $100B during the previous days.
85% of the liquidated positions were long, and Binnace accounts for almost half of all the liquidations.

You

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Crypto Market Cap Surges to $2 Trillion, Bitcoin Taps $52K as ETH Trades at $2.8K: This Week’s Recap

February 16, 2024

The past seven days in the cryptocurrency market have been absolutely blasting. The total capitalization soared above $2 trillion for the first time in a long while, as the entirety of the market charts considerable gains.
Bitcoin seems to be ahead of the pack for the most part, charting an increase of more than 10% in the last week. At the time of this writing, the price hovers right around $52K, but it went above it on numerous occasions in the past 24 hours.
The massive rally seems to be driven by consistently high inflows in spot Bitcoin exchange-traded funds. It appears that the investment product is attracting massive interest, with over $4 billion already being poured across a number of these products. BlackRock’s BTC ETF, somewhat expected, is leading the race.

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The Most Populat Airdrops to Watch For in 2024

February 15, 2024

Whether you’re new or a seasoned DeFi user, chances are you have heard the term airdrops every now and then.
That’s because airdrops are a popular marketing strategy for DeFi protocols and crypto companies for several reasons:
It allows protocols to reward their community members for their activity and engagement in their respective platforms, thus further incentivizing users to stay in the protocol.
It helps projects drive awareness and new traffic to the brand and a product/service —especially if they’re releasing their native token.
As DeFi evolved through the years, so did the way protocols planned their airdrop campaigns. Crypto projects are constantly developing sophisticated airdrop strategies and better ways of delivering rewards, like gifting non-fungible tokens

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Will BTC Soar to an All-Time High in February Following 13% Weekly Push? (Bitcoin Price Analysis)

February 13, 2024

Bitcoin’s price has finally created a new higher high, following weeks of consolidation and correction. This has caused many investors to believe that a new all-time high will be created in the upcoming months.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has broken above the key $48K resistance level after a previous rejection. Bitcoin is currently targeting the $52K resistance level in the short term.
Meanwhile, the Relative Strength Index is demonstrating a clear overbought signal that hints at a possible correction in the near term. Yet, with the $48K area turning into a support level, it seems unlikely that the market will decline deeply.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, the price has been rising

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ETH Soars 12% Weekly as Bulls Start Looking at $3K (Ethereum Price Analysis)

February 13, 2024

Ethereum’s price has been rallying aggressively over the past few days. Yet, the market is approaching a strong resistance level that could determine the mid-term fate of ETH.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been rallying since a rebound from the $2,200 zone. The $2,400 resistance level has also been broken with ease.
Currently, ETH is climbing toward the $2,700 resistance level and the higher boundary of the large ascending channel. However, the Relative Strength Index has also been rising, entering the overbought region. This might trigger a possible pullback or reversal as the price reaches the $2,700 resistance level.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, the recent rally becomes much more

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Ripple With Major Announcement: Acquires Standard Custody & Trust Company

February 13, 2024

Ripple – the company behind the popular cryptocurrency XRP – has announced that it acquired an enterprise-grade regulated platform for digital assets called Standard Custody & Trust Company.
According to the official announcement, the move is aimed at underscoring Ripple’s commitment to regulatory compliance.
Speaking on the matter was Monica Long, Ripple President, who said:
“Ripple and Standard Custody are dedicated to enabling enterprises to reap the benefits of blockchain across a host of financial use cases, building institutional-grade solutions to tokenize, store, move, and exchange value. By expanding our license portfolio and making smart acquisitions, Ripple is well-positioned to take advantage of the current market opportunities and further strengthen our crypto

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Top 5 Altcoins to Watch in 2024: Which Cryptocurrency Will Perform Best in the Next Bull Run?

February 12, 2024

Many industry experts have given their two cents on the future of the crypto market in the next 12 months, and most of them lean bullish.
The most common reason is Bitcoin. In April 2024, the cryptocurrency will go through its pre-programmed halving, which will slash block rewards in half. This means that the supply available for miners to sell will effectively decrease by 50%. If the demand for it remains the same or it increases, the price will go up – that’s how markets work.
On the demand side, however, there’s also been a massive development in January of this year. The United States Securities and Exchange Commission (SEC) finally approved a spot Bitcoin exchange-traded fund (ETF). This means that US institutions (and regular folk) have access to BTC through a

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What is Farcaster? Everything You Need to Know

February 6, 2024

The cryptocurrency industry is in a state of constant development and improvement, with various protocols emerging to take the spotlight regularly.
That said, Farcaster is a. hot topic amongst crypto enthusiasts.
In the first quarter of 2024, the protocol has seen an influx of new users as applications built on it are skyrocketing in popularity.
The following guide takes a closer look at what Farcaster is and some of the more popular applications built on top of it. We also look at how to register at Warpcast – the decentralized version of X.

What is Farcaster?
First things first, Farcaster is a protocol for developing decentralized social network applications built on Optimism.
Optimism (OP) is a layer-two scaling solution of Ethereum. We have a dedicated guide on the

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Watch These Altcoins in February as Hundreds of Millions of Tokens Set to Unlock

February 3, 2024

Multiple altcoins with relatively large market capitalizations are going to see token unlocks in the upcoming days.
These events are normally associated with fluctuating prices because of the shift in the dynamics of supply and demand. However, it’s worth noting that the entities behind them have been through multiple of these in the past years, and cushioning the impact on the market seems likely.
Starting off with the first one on our list – Aptos (APT). Data from Token Unlocks reveals that the protocol will release some 7.35% of its total supply in eight days, worth around $240 m million at current prices.
Next on the list is SAND – the native cryptocurrency of the popular Sandbox ecosystem. In 10 days, the team will unlock $90 million worth of the token.
Coming up next

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Bitcoin Tops $43K, Massive Jupiter (JUP) Airdrop and Solana’s Rise: This Week’s Crypto Recap

February 2, 2024

The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark in terms of total capitalization. This comes on the back of increases in Bitcoin’s price, a massive airdrop, as well as a proper performance from some major altcoins.
Starting with Bitcoin – managed to push past the $43K level and even attempted a shot at $44K but came short. This puts BTC at an increase of slightly less than 5% for the past seven days, which marks yet another week of recovery.
Market participants are eager to find out whether the next few weeks will see the bull run continue or if there is more pain ahead.
It was another event that took center stage this week, however.
We’re talking about the Jupiter airdrop on Solana, of

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Bitcoin Bulls Back in Town with a Push to $42K as Markets Attempt a Recovery: Weekend Watch

January 27, 2024

The past week saw somewhat of a rollercoaster in terms of price action as Bitcoin’s decline sent ripples across the entire market.
Now, however, the primary cryptocurrency is attempting a recovery, which has also treated altcoins well, many of which chart increases in the past 24 hours.
Bitcoin Price Shoots to $42K
At the time of this writing, Bitcoin’s price is trading at around $41.5K, charting an increase of 3.4% in the past 24 hours.
This came after a sudden upward move that happened yesterday afternoon, where BTC was able to gain over $1,000 in less than a couple of hours. The positive momentum carried the cryptocurrency all the way to $42K, where the bears made a stand and prevented it from going any further.
The move caused turmoil in the derivatives market,

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Bitcoin Soars 8% from Recent Lows as Crypto Markets Stage a Recovery: This Week’s Recap

January 26, 2024

This week’s been quite the ride in the crypto markets, which currently stand at a total capitalization of around $1.68 trillion. That’s down some $50 billion throughout the past seven days, which have been particularly volatile, so let’s dive in.
Bitcoin’s price went mad this week. On January 19th, it skyrocketed above $41.5K in a violent green candle and consolidated at that level for a few weeks, but it was on the 22nd when things started taking a turn for the worst. BTC started bleeding out.
The correction took it all the way down to $38,500 – a price that we hadn’t seen for around two months. Contrary to what many analysts were claiming, BTC did, in fact, fall below $40K. It took a few days of consolidation around that level, but today, it finally managed to break

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Bitcoin ETF vs Buying BTC Directly: What’s Better?

January 20, 2024

A spot Bitcoin exchange-traded fund (ETF) has been one of the hottest topics over the past few years. Many investment companies, both traditional and crypto-oriented, have been filing multiple applications with the United States Securities and Exchange Commission over and over again.
On January 10th, 2024, the SEC finally gave the go-ahead and greenlighted a total of 11 Bitcoin ETF applications.
It’s been a hard-fought battle spanning many years, and if you want to check out the full timeline of the events, take a look at our detailed article on the matter:
Timeline of Events Leading to Spot Bitcoin ETF Approval in the United States
With the approval already a fact, it’s now critical to explore a very important subject – the difference between buying a spot Bitcoin ETF and

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Bitcoin Price Nosedives Toward $40K as Crypto Markets Cool Off: This Week’s Recap

January 19, 2024

The cryptocurrency market seems to have been cooling off throughout the past seven days, decreasing to its current capitalization of $1.69 trillion. This comes a week after the United States Securities and Exchange Commission approved a spot Bitcoin ETF.
Undoubtedly, the above has been on everyone’s mind for the last few months. Now that the approval is finally here, the market is cooling down. Somewhat expectedly, the ETF didn’t attract hundreds of billions of inflows. In fact, the cumulative holdings of all Bitcoin ETFs as of January 18th was around $26 billion, with the lion’s share being held by Grayscale (581,274 BTC).
Meanwhile, the Commission recently postponed a resolution on Fidelity’s proposed spot ETH ETF – a move that has resulted in a decline in the asset’s

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Bitcoin Spot ETF Approved, Ethereum Explodes 20% Weekly, and More: This Week’s Crypto Recap

January 12, 2024

What a week…
The United States Securities and Exchange Commission finally greenlighted a spot Bitcoin Exchange-Traded Fund (ETF). Those of you who’ve been following the industry for many years know that this has been one of the most highly-anticipated moments, and it’s absolutely monumental how far the industry has come in 2024.
But the process itself was particularly scuffed, to say the least. First, the SEC’s X account was compromised, and the attacker tweeted (falsely) that the ETF was approved. This happened before the much-awaited deadline, and it caused a stir in the market, driving BTC’s price up and down like a rollercoaster. Chairman Gensler was quick to confirm the security breach.
A couple of days later, when the final decision was supposed to come in, the SEC’s

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Massive Bitcoin Volatility Amid Confusion Surrounding Spot BTC ETF Approval

January 10, 2024

Bitcoin’s price went on a rollercoaster throughout the past hour as the confusion surrounding the approval of a spot BTC ETF by the US SEC continues.
Minutes ago, the agency published an order on its website that stated that the proposals for listing a spot Bitcoin ETF were approved. The order was accessible on this link from the official SEC website. The link itself was then removed, causing another wave of confusion throughout the crypto community.
Recall that yesterday, the SEC’s X account was compromised, and the perpetrator published a tweet stating that the long-awaited approval had been granted.
In any case, after another few minutes, the link was brought back up on the SEC website, indicating that the approval had finally been given.
The above sent Bitcoin’s price

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Bitcoin Rollecoasters Above $43K as Spot BTC ETF Decision Looms: This Week’s Market Update

January 5, 2024

This week has been quite eventful in terms of Bitcoin’s price action. In general, the total market capitalization increased by some $20 billion, which came on the back of a slight uptick in BTC. Most of the altcoins are trading in the red, so let’s have a look at what happened.
First things first, Bitcoin is currently sitting at slightly below $44K, registering an increase of 2% for the past seven days. This also makes it the best performer from the top 10… by far.
The week started relatively quietly, but this all changed on the first day of the new year, when the BTC price exploded toward $46K, registering prices not seen in many months. The move was largely driven by the increased expectations of an approval of a spot Bitcoin ETF by the United States Securities and

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Bitcoin Explodes to $44K, Ordinals and BRC20 Tokens Surge, Meme Coin Madness Accelerates: This Week’s Recap

December 8, 2023

The past week was particularly explosive in the crypto markets, the capitalization of which increased by close to $200 billion. Currently standing at $1.7 trillion, the industry shows little signs of slowing down.
Starting with Bitcoin, its price exploded by some 14.3% over the past seven days and it’s currently trading around the $44K mark. The bulls have tried to push it above that level but have so far been unsuccessful. It’s worth noting, however, that the bears also attempted to initiate a correction with little success.
What’s interesting this time around, compared to previous market cycles, is that there’s an entire ecosystem built around Bitcoin. This was made possible earlier in March when the BRC-20 token standard was introduced.
Cryptocurrencies based on it,

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Bitcoin Taps $39K, MicroStrategy Buys $600M Worth of BTC, Market Remains Calm: This Week’s Crypto Recap

December 1, 2023

The cryptocurrency market increased throughout the past seven days, tapping over $1.5 trillion in terms of total capitalization. A lot of the gains are coming on the back of Bitcoin, which tested $39K for the first time in quite a while. With many analysts firmly bullish, let’s dive into what happened over the past week.
Bitcoin’s bullish foothold continues, with traders setting their sights at $40K. The cryptocurrency was able to increase by a modest 1.4% throughout the past seven days, with most of it coming in the last 24 hours. BTC’s price soared toward $39K today (Friday) – a price that’s not seen since last year.
Bitcoin’s dominance also increased by some 0.2% over the same period. This is the metric people use to gauge BTC’s share relative to that of the rest of the

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Bitcoin Tumbles Toward $36K as Crypto Markets Sell Off: This Week’s Recap

November 17, 2023

The broader cryptocurrency market took a turn for the worse throughout the past seven days as the majority of coins are trading in the red. This comes after weeks’ worth of increases in what seems to be an expected correction.
Bitcoin’s price is trading at a 3% loss, tumbling toward $36K at the time of this writing. The leading cryptocurrency was unable to keep up the bullish momentum. It soared toward $38K on Thursday, but it retraced almost as quickly as it skyrocketed. All in all, it returned to $36K in what seems to be a healthy correction.
The rest of the market is having it worse, with slight exceptions in the face of Solana (SOL), which remains the best-performing altcoin from the top 10, up 8.5% on the week. Interestingly, the only other altcoin from the top 10

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Coinbase With an Important Announcement Regarding Solana (SOL)

November 14, 2023

Coinbase (NASDAQ: COIN) has listed SOL perpetual futures on its international exchange and Coinbase Advanced. The launch occurred earlier today, November 14.
Avalanche’s AVAX is another major cryptocurrency to get listed on both platforms. We’ll see two major trading pairs this week: SOL-PERP and AVAX-PERP.

@CoinbaseIntExch will add support for Solana and Avalanche perpetual futures contracts on Coinbase International Exchange & Coinbase Advanced. The opening of our SOL-PERP and AVAX-PERP markets will begin on or around 4pm UTC on 14 November 2023, if liquidity conditions are met. pic.twitter.com/D2QTV9k9Qe
— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) November 12, 2023

In October, Coinbase Advanced introduced perpetual futures trading, featuring contracts

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This Whale is Cashing Out Millions as Bitcoin (BTC) Price Correction Looms

November 14, 2023

A Bitcoin whale has entered a massive selling spree, offloading 411 Bitcoin for about $15.2 million. According to data from Lookonchain, the whale first converted the Bitcoin to Wrapped Bitcoin (WBTC) before selling it at an average price of $37,023.
The whale still has 155 WBTC, worth about $5.74 million.

A whale is selling $BTC.
This whale bridged $BTC to #Ethereum to sell and has sold a total of 411 $WBTC for 15.2M $USDC at $37,023.
There are currently 155 $WBTC($5.74M) left in the wallet.https://t.co/hRN6nmZAVd pic.twitter.com/5C70u73gzJ
— Lookonchain (@lookonchain) November 13, 2023

BTC’s bullish momentum has spread optimism to the crypto community, and the current ETF narrative has pushed the price above $37k. Interestingly, the amount of inflows into exchanges

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We Asked ChatGPT if BlackRock Will File for an Ripple (XRP) ETF With the SEC

November 11, 2023

TL;DR
BlackRock’s Cryptocurrency ETFs: Filed for a Bitcoin ETF and showed interest in an Ethereum ETF in 2023, impacting market prices, especially for Ethereum.
Market Response: Significant price surge in cryptocurrencies due to BlackRock’s strong track record in ETF application approvals.
XRP ETF Speculation: No current filing for an XRP ETF by BlackRock, with the decision possibly influenced by Ripple’s ongoing legal issues with the SEC.

BlackRock is the world’s largest asset manager. Its involvement with the field of cryptocurrencies can be traced back years, but it was in June this year when the company got really serious.
On June 16th, BlackRock filed an application for a spot Bitcoin ETF (exchange-traded fund) with the United States Securities and Exchange

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Which Cryptocurrencies Will Explode Next as Institutions Eventually Shift From Bitcoin and Ethereum?

November 11, 2023

TL;DR
Lark Davis predicts institutional investors will expand into cryptocurrencies like Chainlink and Solana, beyond Bitcoin and Ethereum.
He views the current phase as a pivotal chance for substantial wealth creation in the crypto market.
Chainlink and Solana have shown significant institutional interest and price increases recently.

Popular crypto influencer and entrepreneur Lark Davis (TheCryptoLark on X) is the latest to chime in, as he believes Bitcoin and Ethereum are not the only assets that institutional investors are coming for.
According to Davis, financial giants like BlackRock are set to explore deeper into the cryptocurrency world, not only embracing Bitcoin and Ethereum but extending their reach to include other prominent cryptocurrency ecosystems and

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Bitcoin Explodes to $37K, Ethereum Reclaims $2K, Solana Rallies Beyond $50: This Week’s Crypto Recap

November 10, 2023

This week has been all about prices, hence the title. It appears that there’s tremendous anticipation for the approval of a spot Bitcoin ETF, which seems to be one of the main explanations given by many experts of the ongoing rally. A lot happened price-wise, so let’s unpack.
First things first, it’s important to note that the SEC is currently in a tight window to make a decision on whether or not they will approve a spot Bitcoin ETF. There’s the possibility of more delays, of course, but the market is optimistic. You can see that by the prices.
Bitcoin is currently trading above $37K, charting an increase of some 7.5% in the past seven days alone. The cryptocurrency even tried to surge past $38K yesterday, but the bulls didn’t have it in them (yet).
Nevertheless, it’s

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Solana (SOL) Price Rally Continues as TVL Soars to Levels Not Seen Since 2021

November 10, 2023

TL;DR
Solana’s Growth: Solana’s Total Value Locked (TVL) surges to $465 million, a significant increase from $300 million in early October, indicating strong growth in its DeFi sector.
SOL Price Surge: The SOL token price jumps over 114%, from $21 to over $45, showing substantial market appreciation but still remains 80% below its all-time high of $260.
Community Resilience: Despite concerns over FTX token sales, Solana shows a robust 300% growth this year, underscoring the importance of community support in crypto ecosystems.

Many coins and tokens in the decentralized finance (DeFi) sector are blowing up while their respective networks and projects see the value locked in them explode in growth. Solana has had both, as its Total Value Locked (TVL) and SOL’s price reached

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