Solana Price Prediction as $3 Billion Trading Volume Blasts SOL into the Green – Time to Buy?
Solana price prediction remains bullish; however, the double top pattern is acting as a major resistance, keeping SOL's uptrend limited under $38.20. Solana (SOL) responded favorably to a recent development involving its blockchain network and Google Cloud.
In response, Solana's trading volume blasted past $3 billion, and its price kept a strong uptrend.
SOL's price spiked by 15%, taking it temporarily beyond the $38 mark after the cloud provider stated it would begin acting as a validator for the Solana network.
Hertzner, a German data center provider, recently deleted one thousand Solana validators from its system, giving policy violations as the reason.
Despite this, the blockchain network's inventor and CEO, Anatoly Yakovenko, remains unfazed and insists there will be no more interruptions for their customers until the end of the year.
He continued by saying that a forthcoming validator will aid Solana in ensuring continuous service availability across its network. In that case, Google's cloud services are available. The company tweeted at Yakovenko, asking if it was okay to share the news.
The subsequent message read:
“Now that we got your attention… check this out: Google Cloud is running a block-producing @solana validator to participate in and validate the network.”
In the first part of 2023, Circle, a crypto payments startup, will release Euro Coin, a stablecoin backed by the Euro on the Solana blockchain. The director of engineering at Circle, Marcus Boorstin, recently spoke at the Solana Breakpoint conference in Lisbon, Portugal, and he said, "there's already a lot of interest from the ecosystem" for the launch.
At the debut, he said, FTX, a cryptocurrency exchange, will allow users to deposit and withdraw Euro
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