Solana Price Forecast: Strong Network Metrics Indicates Possible Revival
Regardless of the decrease in the overall market, Solana has been proving to be a cryptocurrency for investors to consider; staying resilient. As a result, Solana is one of the major cryptocurrencies with regards to market capitalization.
The derivatives of Solana and the metrics that are on-chains shows that Solana may experience a revival. The pessimism about Solana moving into a bearish phase may be doubtful, because the on-chains metrics are not indicating that.
The resilience of the network and the strength of the functionality metrics of Solana, indicates a reliable framework for a price revival, with the potential of Solana price breaking the resistance of $160; which is a resistance level Solana experienced about 5 weeks ago.
Solana has shown a remarkable performance, with regards to Total Value Locked (TVL). On the 5th of July 2024, the TVL of Solana was equal to the TVL of BNB chain; and this was a remarkable achievement for the Solana ecosystem.
Thanks for this information about Solana. I believe that projects like Solana, BNB and TRON will remain among the most preferred in the blockchain market