Bitrue has added Solana (SOL) to its base currency list, according to an official announcement. Bitrue introduced Cardano (ADA) support in February by introducing it as a base currency.
Solana is still one of the top ten fastest developing properties in April, according to Santiment data.
Solana was placed third in a list of the top ten projects by aggregated development activity based on publicly available Github data for April. Solana is the second-most-developed asset on the list, with 408 submissions a day, ahead of Filecoin, which is third.
Santiment’s statistic monitors the development data of thousands of publicly accessible Github repositories. The more users who contribute to a project, the higher it rises in the rankings. While development activity has little to no effect on short-term market pricing, it could be a good sign of the project’s long-term growth.
SOL price movement
Since April 12, Solana has been stuck in a trading range. SOL has traded below $100 in the last three days. Solana was trading slightly lower at $98 at the time of writing.
Solana prices have fallen by roughly 10% in the last week and by 20.42 percent for the month. Despite the price decline, SOL appears to be on the mend. To resurrect the uptrend, a decisive close above the daily moving averages 50 and 200 is required.