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Homeweb3.0Amid Market Volatility, Solana (SOL) Investors Seek New Avenues; Meme Coin Mpeppe (MPEPE) Captures Attention

Amid Market Volatility, Solana (SOL) Investors Seek New Avenues; Meme Coin Mpeppe (MPEPE) Captures Attention

Sep 09, 2024 pm 03:01 PM
solana Mpeppe Investors Market Volatility High-Growth Opportunity

Solana (SOL) has continued to be a significant player in the cryptocurrency market, drawing substantial interest from investors. However, with market volatility on the rise, Solana (SOL) holders are seeking new avenues to optimize their portfolios.

Amid Market Volatility, Solana (SOL) Investors Seek New Avenues; Meme Coin Mpeppe (MPEPE) Captures Attention

Solana (SOL) price continues to be a subject of interest as the token experiences a downturn. However, the broader market also faced a bearish day, with Bitcoin and Ethereum both facing losses.

Collectively, the cryptocurrency market experienced a 0.73% loss over the past 24 hours, largely influenced by a downturn in the morning. The morning session saw the total crypto market cap decrease to $1.72 trillion, down from the morning’s high of $1.74 trillion.

Despite morning losses, the total crypto market cap recovered slightly by afternoon trade, now aiming to break back above the morning’s high. Bitcoin price also faced a downturn, dropping below the morning’s session high of $44,400. At the time, BTC price was down 0.38%, showing some resilience compared to the broader market.

However, BTC price later dropped further, down 1.25% and trading below the $44,000 support level. A morning session low was recorded at around $43,884. But, later in the afternoon, BTC price recovered slightly from the morning lows.

Collectively, morning losses saw the Fear and Greed Index drop into the "Fear" zone for the first time in several weeks. The index now sits at 44, down from morning highs of 48 and last week’s highs of 60. But, afternoon trade saw the index recover into the "Neutral" zone.

Chainlink price performed poorly on Monday morning as the token dropped 4.34%, pushing the token below morning session highs of $36.44. At the time, LINK price dropped to around $35.36 morning lows. However, LINK price later recovered from morning lows.

Solana price also dropped on Monday morning, with SOL price morning session lows at around $126.94. But, morning highs saw SOL price trade at around $129.43, showing some resilience compared to other major cryptocurrencies.

Later in the afternoon, SOL price recovered from morning lows and was up 0.04%. At the time, SOL price trades at around $127.14 to morning session lows. But, morning highs saw SOL price trade at around $129.43, showing some resilience compared to other major cryptocurrencies.

Solana price continues to be a subject of interest as the token experiences a downturn. However, the broader market also faced a bearish day, with Bitcoin and Ethereum both facing losses.Collectively

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