Sol price increased by 110 % in the 1st quarter of 2023, the best quarter in the second quarter of 2021?
Sol price increased by 110 % in the 1st quarter of 2023, the best quarter in the second quarter of 2021?

- The Solana Prize has risen by 110 % in the past three months.
- Sol Castle in February in the minus and will probably end March by 4 % lower, but January ended with an increase of 140 %.
- The crypto secret service company Messari has highlighted the growth potential of Solana, since the network navigates away from the latest failures and other challenges.
The Solana Prize is negative in the monthly time frame in March, whereby Sol/USD currently sees $ 20.88 that the token has fallen by 3 % in the past 30 days. It is noteworthy that the Solana Prize dropped 80 % last year and is about 91 % under its all-time high of $ 260 in November 2021.
, however, the cryptocurrency has been set to the best quarterly returns for almost two years. And despite all the downward pressure due to network challenges since the end of last year, with the returns of Sol in the past three months.
Messari emphasizes the growth potential of Solana
The crypto market research company Messari recently emphasized the growth of Solana, even when Fuden spread, and found that the attempt to compare the blockchain with some L2s in relation to TVL failed.
" The comparison of Solanas TVL does not tell the whole story with other emerging chains. The use was promoted by not dominated use cases such as derivatives, NFTS and depin networks. If Solana decides to activate incentives, we could quickly see that the volume of parity is approaching the top-L2s,, Researchers of Messari wrote .
3/compare @Solana ’s TVL does not tell the whole story.
The use was driven by not dominated use cases such as derivatives, NFTS and depin networks.
If Solana decides to activate incentives, we could quickly see that parity volume is approaching with the top L2s. pic.twitter.com/uwkxuedzk8
What's next with the Solana Prize?
tradingView data shows The 3-month-candle for SOL/USD is currently at +110 %. It has been the best quarterly return since the second quarter of 2021 when the course of Solana increased by almost 300 % when bullish momentum catapulted the cryptocurrencies.
If you look at the monthly chart, the Solana returns in January are the highest, with a month of $ 23.93, which gives it 30-day profits of 140 %. The last time that Sol/USD recorded more profits in the monthly time frame was in August 2021 when prices rose by 195 %.
Solana price on the 3-month chart. Source: Handelsicht
February and March were not so profitable for bulls, with price declines of 9 % in the second month of 2023. A look at the weekly chart for Sol indicates a slight advantage for sellers, since the weekly RSI is under the line of 50 and the courses are facing a difficult task in the direction of 40 $
On the other hand, a collapse under 20 $ could risk a new dump on the 16.
Source: Coinlist.me
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