Solana adds

Solana adds over $5.5 billion in its market cap in a single day

Solana adds over $5.5 billion inflows in a single day after a turbulent week in the crypto market. The fifth-largest currency’s market cap increased from $51.17 billion to $56.76 billion in a single day, according to the data by CoinMarketCap.

The Crypto market is unpredictable and you never know what’s going to happen next. One minute it is down and other it is skyrocketing. Solana (SOL) is the fifth largest crypto asset in the market by market cap. Surprisingly, like all other crypto assets, Solana has seen a lot of progress and development in its ecosystem. Solana has recorded a high market inflow in a single day on December 16.

Solana adds over $5.5 billion in its market cap:

Solana adds over $5.5 billion in its market cap in a single day. According to the data from CoinMarketCap, the fifth-largest asset has seen an influx of $5.59 in its market cap in 24 hours. Solana’s native token is now trading at $183.71. The token is up 10.3% in a day timeframe but down 2.54% in weeks’ timeframe. Let’s dive into the possible reasons due to which Solana adds over $5 billion in a day.

Solana adds

Solana’s recent price climb could be attributed to basketball legend Michael Jordan and his son Jeffrey Jordan launching HEIR, a platform for empowering athletes built on Solana, which is set to launch in 2022.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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