Cryptocurrency analytics platform Santiment has shared recent data on its observations on the price movements of crypto assets Solana (SOL) and XRP in October. Solana stood out in another positive month for the asset, which is growing and is arousing market interest.
Analysis shared on October 31st highlighted that Solana’s price rose 62% this month. According to the platform, an increase in SOL volume could mean an increase in its price.
“Solana, which has now returned to 7th place in the market capitalization ranking, saw its value rise by +62% in a great month of October. Notably, almost 2% of all discussions related to the top 100 assets are related to $SOL, and the increase in volume would be bullish,” she wrote.
📈 #Solanawhich has now returned to the #7 spot on market cap rankings, has now seen its value rise +62% in a great month of October. Notably, nearly 2% of all discussions related to top 100 assets are related to $SOL& rising volume would be #bullish. https://t.co/mIZzKHNmbc pic.twitter.com/KdMdULhyq3
— Santiment (@santimentfeed) October 31, 2023
It is worth noting that, in a very positive sequence in another week, Solana (SOL) registered inflows of US$ 24 million, amid inflows from other altcoins, last week, according to data recently released by Coinshares.
At the time of publication, the price of Solana was listed at US$39.02, up 6.8% in the last 24 hours.
The seventh largest cryptocurrency on the market has seen growth of 21.0% in the last seven days.
In another analysis, Santiment noted that XRP revisited the $0.60 market cap for the first time since its crash on Aug. 16. “Along this return path, we saw the whales gradually become more involved. Additionally, there are now #alltimehigh 277.62 thousand wallets containing at least 10 thousand $XRP,” the platform noted.
At the time of publication, the price of XRP was priced at US$0.600349 down 0.9% in the last 24 hours. The cryptocurrency recorded a growth in its price of 8.4% in the last week.
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