Here Are Three Bullish Metrics for Ethereum Rival Solana (SOL), According to InvestAnswers

0 7

knife

A popular crypto analyst says there are three metrics that are looking bullish for Ethereum (ETH) competitor Solana (SOL) right now.

In a new YouTube video, the anonymous host of InvestAnswers tells his 443,000 YouTube subscribers that Solana registered 446,000 daily active users in early April, a spike in activity that placed the project above all other smart contract platforms.

The analyst also notes that Solana has seen its seven-day moving average of non-vote transactions spike to nearly 30 million, a level it hasn’t neared since last August.

Additionally, the InvestAnswers host says Solana has the second-highest number of commits since the inception of any smart contract platform, after only Ethereum, which has the most by far.

Explains the analyst,

“What are commits? … When a developer does a commit in software development, it is the change made to code repository by a developer typically tracked to a version control system like GitHub or Git, and [the number of commits] helps analyze work volume, team performance, identify trends, it also helps understand where the project is going, how much resource allocation there is to the project in development, and it is an essential metric for tracking progress and quality of a chain and of course any software development.” 

SOL is trading at $20.79 at time of writing. The 11th-ranked crypto asset by market cap is down more than 2% in the past 24 hours.

I

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Rattanamanee Patpong/WhiteBarbie

The post Here Are Three Bullish Metrics for Ethereum Rival Solana (SOL), According to InvestAnswers appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 63,778.09
ethereum
Ethereum (ETH) $ 3,409.86
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 569.63
solana
Solana (SOL) $ 156.10
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,408.47
xrp
XRP (XRP) $ 0.571693
the-open-network
Toncoin (TON) $ 7.34
dogecoin
Dogecoin (DOGE) $ 0.122748
cardano
Cardano (ADA) $ 0.439109
tron
TRON (TRX) $ 0.134025
shiba-inu
Shiba Inu (SHIB) $ 0.000019
avalanche-2
Avalanche (AVAX) $ 27.48
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 63,845.11
polkadot
Polkadot (DOT) $ 6.32
chainlink
Chainlink (LINK) $ 14.14
bitcoin-cash
Bitcoin Cash (BCH) $ 383.66
near
NEAR Protocol (NEAR) $ 6.12
uniswap
Uniswap (UNI) $ 8.08
leo-token
LEO Token (LEO) $ 5.85
litecoin
Litecoin (LTC) $ 73.09
dai
Dai (DAI) $ 1.00
wrapped-eeth
Wrapped eETH (WEETH) $ 3,557.42
matic-network
Polygon (MATIC) $ 0.53497
pepe
Pepe (PEPE) $ 0.000012
internet-computer
Internet Computer (ICP) $ 9.57
kaspa
Kaspa (KAS) $ 0.178493
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.39
ethereum-classic
Ethereum Classic (ETC) $ 23.40
ethena-usde
Ethena USDe (USDE) $ 1.01
aptos
Aptos (APT) $ 6.88
stellar
Stellar (XLM) $ 0.10609
monero
Monero (XMR) $ 159.99
maker
Maker (MKR) $ 2,921.75
hedera-hashgraph
Hedera (HBAR) $ 0.076049
blockstack
Stacks (STX) $ 1.84
vechain
VeChain (VET) $ 0.031815
crypto-com-chain
Cronos (CRO) $ 0.094079
render-token
Render (RNDR) $ 6.45
okb
OKB (OKB) $ 42.25
cosmos
Cosmos Hub (ATOM) $ 6.46
filecoin
Filecoin (FIL) $ 4.39
mantle
Mantle (MNT) $ 0.757143
arbitrum
Arbitrum (ARB) $ 0.743365
injective-protocol
Injective (INJ) $ 23.28
immutable-x
Immutable (IMX) $ 1.46
dogwifcoin
dogwifhat (WIF) $ 2.19
sui
Sui (SUI) $ 0.844304
bittensor
Bittensor (TAO) $ 290.69
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,468.36
the-graph
The Graph (GRT) $ 0.211073
first-digital-usd
First Digital USD (FDUSD) $ 1.00
optimism
Optimism (OP) $ 1.75
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,823.47
bonk
Bonk (BONK) $ 0.000027
arweave
Arweave (AR) $ 28.22
floki
FLOKI (FLOKI) $ 0.000184
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,534.66
notcoin
Notcoin (NOT) $ 0.016004
lido-dao
Lido DAO (LDO) $ 1.77
aave
Aave (AAVE) $ 104.47
ondo-finance
Ondo (ONDO) $ 1.06
bitget-token
Bitget Token (BGB) $ 1.07
theta-token
Theta Network (THETA) $ 1.49
fantom
Fantom (FTM) $ 0.509903
jasmycoin
JasmyCoin (JASMY) $ 0.029528
whitebit
WhiteBIT Coin (WBT) $ 9.68
based-brett
Brett (BRETT) $ 0.136949
thorchain
THORChain (RUNE) $ 4.01
algorand
Algorand (ALGO) $ 0.157887
celestia
Celestia (TIA) $ 6.46
pyth-network
Pyth Network (PYTH) $ 0.33436
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,409.85
jupiter-exchange-solana
Jupiter (JUP) $ 0.871952
coredaoorg
Core (CORE) $ 1.32
quant-network
Quant (QNT) $ 78.37
sei-network
Sei (SEI) $ 0.347494
mantra-dao
MANTRA (OM) $ 1.32
gatechain-token
Gate (GT) $ 7.66
elrond-erd-2
MultiversX (EGLD) $ 35.18
kucoin-shares
KuCoin (KCS) $ 9.62
flow
Flow (FLOW) $ 0.607142
flare-networks
Flare (FLR) $ 0.020638
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,479.84
bittorrent
BitTorrent (BTT) $ 0.00000090424227
eos
EOS (EOS) $ 0.58491
gala
GALA (GALA) $ 0.023993
axie-infinity
Axie Infinity (AXS) $ 5.88
bitcoin-sv
Bitcoin SV (BSV) $ 43.79
beam-2
Beam (BEAM) $ 0.017196
tokenize-xchange
Tokenize Xchange (TKX) $ 10.76
ethereum-name-service
Ethereum Name Service (ENS) $ 26.86
akash-network
Akash Network (AKT) $ 3.50
dydx-chain
dYdX (DYDX) $ 1.39
msol
Marinade Staked SOL (MSOL) $ 188.30
tezos
Tezos (XTZ) $ 0.812587
popcat
Popcat (POPCAT) $ 0.812888
neo
NEO (NEO) $ 11.23
starknet
Starknet (STRK) $ 0.598013