Solana keeps pushing higher

Originally released On: 25 OCT 2021 via Cointelegraph (Link below)

Solana keeps pushing higher

Solana (SOL) is pushing up – 35% in a week of the 25th Oct21. SOL price continues to climb, with Solana’s Total Locked Value (TLV) also hitting a new high of nearly $14 billion.

Now, two weeks later, on 8th Nov 21, SOL continues to rise, gaining a further 16%. The are some key reasons for this: 

1. Bitcoin has continued rallying higher and lifting the total crypto market cap to 2.5 Trillion USD. 
2. The TVL of all the decentralised finance (DeFi) projects built on the Solana blockchain reached a new record high of $13.53 billion. The Solana ecosystem continues to grow by community efforts and critical projects such as “Saber” – an automated market maker (AMM) protocol that contributes 2.05 Billion USD.
3. SOL’s latest price rally has come as part of a price breakout move. Hodlers and SOL traders trading on technicals would have seen the bullish signals and increased their holdings.