Investor interest in Solana (SOL) has surged after the network launched its real-time data portal for tracking carbon emissions from the blockchain. SOL's price has increased by almost 4% in the past 24 hours and its market cap has risen to $8.6 billion, a significant increase of $312 million in just 24 hours. The new dashboard provides a means to stay up-to-date with network metrics such as energy consumption, emissions, and network power intensity, which has positively impacted SOL's value. The number of daily active addresses on the network has also surged to 266,940, indicating growth and adoption. However, SOL's technical analysis is currently showing a predominantly bearish sentiment, and SOL's price may encounter resistance at critical levels, potentially leading to a price pullback.
(By Paul L.)
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