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Solana registers inflows of more than $5.5 billion for the day after a tumultuous week

Solana registers inflows of more than $5.5 billion for the day after a tumultuous week

Amid a tumultuous week, Solana (SOL) witnessed inflows exceeding $4 billion in a single day. Indeed, the market value of the world's fifth-largest cryptocurrency rose from $51.17 billion to $56.76 billion in just 24 hours on December 16, according to Finbold.

To be precise, SOL added $5.59 billion during that period, although at its lowest point in the last day, Solana's market capitalization was $48.67 billion before its move up. Solana is currently trading at $183.71, up 10.3% in the last 24 hours, though it is still down 2.54% over the previous seven days. Notably, according to the latest forecasts, the SOL price will be trading around $185.44 by the end of December. The “Price Assessment”function of cryptocurrency analytics platform CoinMarketCap allows users to make semiannual price forecasts and see what other people think about them in real time. At the time of publication, 20,411 people had voted to get a median price estimate. Interestingly, the price is expected to drop to $171.55 next year, predicted by 11,189 votes as of January.  

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