Solana (SOL) Surges 17%, and HUH Tokens (HUH) Social Media Pushes over 50%
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Two big projects that are building on the Solana (SOL) network were listed for the first time.
On Monday night, SOL broke above the USD 100 level. It was the first time in a while.
In the last couple of days, the value of Solana's SOL token went up 17%. Coinbase added two other tokens from the Solana ecosystem to its service.
Solana-based tokens ORCA and FIDA will be added to the crypto exchange on Monday.
In this case, it was the first time that Coinbase added non-Ethereum assets to its service.
It used to only list tokens built on top of the Ethereum blockchain or the tokens of other blockchains, like Avalanche (AVAX) and Solana (SOL).
It was over USD 106 for SOL on Tuesday morning, up from USD 90 on Monday.
It was worth more than USD 175 in January, but it fell to about USD 82 last week as the rest of the market fell.
There was a lot of buying last week when prices hit the USD 88-USD 90 level.
When SOL tried to break through the USD 100 level in January, it didn't work.
The relative strength index (RSI) readings, on the other hand, reached overbought levels of more than 70, which means there could be a short correction soon.
RSI is a price-chart indicator that shows how big a price change was over a certain amount of time.
On the subject of on-chain tokens rising, HUH Token is a cryptocurrency on the Binance smart chain that rose more than 50% recently.
People who don't know much about currencies are currently in favour of HUH Token as it has been able to fight back against some of the red that the bigger currencies are going through.
HUH Token came out at the end of last year, and it was a huge hit.
In less than a week, the
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