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Why is Solana (SOL) price up today?

Solana price is up today as investors’ excitement over a potential spot SOL ETF turns traders bullish on the altcoin.

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Why is Solana (SOL) price up today?

Short description:
Solana price is up today as investors’ excitement over a potential spot SOL ETF turns traders bullish on the altcoin.

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Posted on Tuesday, July 9, 2024.

About Solana

Solana is a decentralized, high-performance blockchain designed for fast, secure, and scalable transactions. It uses a proof-of-stake consensus mechanism and is built to handle thousands of transactions per second. Solana was developed by a team of engineers and entrepreneurs who previously worked on the Ethereum blockchain, and it is currently being used for various projects, including decentralized applications (dApps) and non-fungible token (NFT) marketplaces.

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News seen on: Cointelegraph
Description of news source: The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more.

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