Forex Analysis & Reviews: 26.10.2021 - Developed ecosystem and...

Live Chat

InstaForex Loprais Team - Dakar rally的正式参与者

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Become Trader

开户

另见

交易条件

外汇分析

图表

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

如何开始交易

有用信息

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM 系统

外汇跟单系统

被动投资

OYS 帐户

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Become Partner

主页

合作伙伴区域

同盟的优势

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

比赛

事件

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Full details

论坛

我们在社交网络

外汇幽默

外汇门户

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

Learn More

History

为什么选择我们

InstaSport

法规

公司新闻

奖项

InstaForex 明星

InstaForex 线下

Headquarters

关键文件

的社会责任

InstaForex洛普莱斯队 - 达喀尔拉力赛的正式参与者

26.10.2021 11:22 AM

Developed ecosystem and growing demand among investors: Why Solana and what does DeFi have to do with it?

Two months ago, the Solana blockchain went offline after being attacked by spam transactions. Today, the token is back in the game and is approaching a new record high. The coin continues to increase on-chain activity and may well update its highs this week. Amid positive news and bullish bitcoin, SOL also looks rather stable. At this point, the altcoin clearly demonstrates the relationship between the ecosystem and the price.

This makes Solana one of the top digital assets in the bullish market as the decentralized finance market and the NFT sector are showing great performance. If non-fungible tokens are secondary to the project, DeFi's market cap has reached an all-time high. Owing to this, the coin has surpassed XRP and is now ranked sixth on the list of top 10 cryptocurrencies, with a market cap of $63.2 billion. At the same time, the digital asset has set a new historic record and is now steady at $210. In a week, SOL soared by 31% with its average daily trading volumes of around $5 billion. It can be assumed that Solana will continue its rally.

The rapid growth of its ecosystem had a positive effect on the altcoin. The DeFi ecosystem of the project with a market capitalization of $14 billion is seen behind SOL's stellar rally. The biggest gains came from the pool for Socean staking, where the volume rose by 77% to $121 million. In addition, there has been recorded a significant increase in the client base both in related ecosystem projects and in the asset's main network. This means that demand for the altcoin is growing after a large collapse of activity amid problems with the SOL network. The developers have also announced the test launch of Squads, a project for creating and managing decentralized organizations that are controlled by means of smart contract technologies and user voting.

The altcoin has great growth potential in the current bull market. At the same time, the digital asset is unlikely to stay at the new record high for a long time. Technically, we can see that the price is growing after a short-term consolidation period. The Stochastic Oscillator keeps heading upward but is gradually reversing sideways, indicating a gradual slowdown in the bullish trend. The Relative Strength Index is above 50, signaling increased demand for the asset. At the same time, the MACD is moving above zero, showing the beginning of a new consolidation stage.

On the daily chart, despite the formation of a bullish engulfing candlestick with a long upper wick, the indicators are heading down to 50. The MACD is signaling the continuation of the bullish trend. Meanwhile, the Stochastic indicator is turning down, indicating the weakness of bulls. Technically, SOL/USD is consolidating. At this point, the coin consolidated at safe levels. At the same time, amid growing on-chain activity and the development of the ecosystem, the digital asset is expected to skyrocket to new all-time highs.