Bitrue has welcomed Solana (SOL) to its base currency list
According to the official announcement, Bitrue welcomed Solana (SOL) to its list of base currencies. In February, Bitrue announced support for Cardano (ADA) by adding it as a base currency.
Solana’s development
According to Santiment data, Solana remains among the top 10 fastest developed assets in April.
In the list of top 10 projects by aggregated development activity based on publicly available Github information for April, Solana ranked in the top three. With 408 submissions per day, the list positions Solana as the second most developed asset ahead of Filecoin, which ranked third.
Santiment’s metric tracks the development data of thousands of public Github repositories. With more users contributing to a project, the higher the place it gets in the ranking. While development activity has little-to-no impact on near-term market prices, it may be a healthy indicator of the project’s long-term growth.
SOL Price Action
Solana has been stuck in a sideways trading market since April 12. For the past three days, SOL has been trading below the $100 mark. At press time, Solana was trading slightly at $98.
Solana prices have dropped by nearly 10% in the past week and 20.42% for the month. Despite the price drop, SOL is showing potential signs of a rebound. However, a decisive close above the daily moving averages 50 and 200 is necessary to resuscitate the uptrend.
