Data on the series show that Solana has witnessed a reflection of the recent capital flow because the original now receives flows at the same XRP rate.
Solana realized that the maximum is now growing at a monthly rate of about 4 %
In new mail In X, Glassnode spoke to the series of analyzes how to change the direction in the recently achieved Solana. “The maximum achieved” here refers to a formal model that calculates the total value of certain encrypted currencies by assuming the “real” value of each distinctive symbol separately that the price of the treatment is the last.
It is likely that the last transportation of any currency has changed, and therefore the price can be considered at the time of the current cost. Thus, the maximum achieved is not something, but the sum of the rules of the cost of the original offer.
In other words, the model tells us about the total capital amount that investors or addresses on the network are used as a whole to collect their property. As such, changes in the maximum script indicate capital flows or external flows, depending on the direction of change.
Now, here is the indicator graph in which the Analysis Company is involved in how a percentage of 30 days has compared Solana and XRP during the past few months:
The value of the metric seems to have been positive for both of these assets in recent days | Source: Glassnode on X
As shown in the graph above, the change has decreased for 30 days for both Solana and XRP earlier this year with a continued decline at the market level, but for the latter, it is still mostly within the positive area.
Seoul was not very lucky, as the index turned into negative and remained in the region for a few months, indicating that investors were constantly coming out of the capital from the encrypted currency.
Nevertheless, though, it seems that the face has occurred again for the network, as the change for 30 days in the cover cover has risen to the positive area. The flows enter the original at a rate of 4-5 % for the currency now, which is in line with what XRP is also witnessing.
Consequently, it seems that although the demand for the Solana system has gone away for a while, it finally achieved a possible return, one is large enough to compete XRP.
Soul price
Solana has seen a break exceeding $ 180 earlier in the week, but it seems that the currency has since suffered a decline with the return of its price now at $ 170.
The trend in the SOL price over the last five days | Source: SOLUSDT on TradingView
Distinctive image from istock.com, glassnode.com, Chart from TradingView.com
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