Global #Solana

As the United States approaches its pivotal election on November 5, many crypto traders are keenly watching for potential market shifts.

Solana (SOL), often dubbed the ‘Ethereum killer,’ has recently completed a golden cross pattern, a technical signal that traders closely monitor for indications of upward price momentum.

Solayer Labs has made a significant breakthrough in the cryptocurrency space with the launch of sUSD, the first yield-bearing stablecoin on the Solana blockchain.

In a remarkable milestone, Solana (SOL), the Layer-1 blockchain network, has achieved a market capitalization of $83.56 billion, surpassing that of popular financial service provider PayPal, which sits at approximately $83.52 billion.

Solana (SOL) has made a significant comeback, with its price recently climbing back to the $175 level. As the altcoin heads towards the end of October, it is on track for impressive gains of approximately 15%.

Bitcoin (BTC) is currently priced at $67,891, down just over 2% this week. A positive takeaway for investors is that buyers have maintained the price above $65,000, leading to a recovery that pushed Bitcoin above $67,500 on October 27.