Register
Demo
Contacts
 

Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Solana has become the most popular altcoin among cryptofund clients

October, 04 2023
watermark Economic news

According to a report from CoinShares, last week Solana (SOL) became the most popular altcoin among investors. 


Solana has overtaken all other cryptocurrencies, with the exception of bitcoin, in terms of the inflow of funds to the funds. From September 25 to September 29, investments in derivatives related to SOL increased by $5.1 million. 


At the same time, investments in bitcoin-related instruments for the same period amounted to $20.4 million. Funds associated with Ethereum (ETH) and several other digital assets, on the contrary, lost $1.5 million and $1.4 million, respectively. 


Amounts of capital inflow and outflow from cryptocurrency funds:


  • The largest volume of investments in virtual currencies was made by German investors – $17.7 million.

  • Canadian investors contributed $17.2 million.

  • Americans, on the contrary, actively withdrew their funds from the funds, withdrawing $18.5 million. 


Since the beginning of 2023, the amount of investments in Solana-based funds has increased by $31 million, which makes this coin a leader among other altcoins. The high demand for SOL is probably due to the high probability of an increase in the value of this cryptocurrency. Artificial intelligence on the CoinCodex platform predicts that by the end of 2023, the value of the asset will grow by 72% and reach $39.73.


World-Class Trading Platform

Professional Customer Support

Best Execution

Logo

QUICK LINKS

+ 442 030 976 697
Contact Us
Feedback
twitter

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.