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This tiny SOL detail could leave investors in a zen state of mind in 2022 

This tiny SOL detail could leave investors in a zen state of mind in 2022 

Solana [SOL] lately confronted backlash from the crypto neighborhood due to the outages within the second half of 2021 and first half of 2022. These mishaps raised a number of questions from the Web3 neighborhood associated to the reliability of the blockchain. 

Nevertheless, in a current report printed by Solana, a number of factors have been talked about that advised that the blockchain’s reliability was unhurt. As an example, community uptime stands as an necessary issue to know a blockchain’s reliability, and SOL’s uptime was over 99% constantly. Moreover, the blockchain even touched the 100% mark in July 2022, which was commendable. 

2022 wanting good 

The report additionally talked about a number of upcoming initiatives and plans for Solana that seemed fairly promising for the community. Solana revealed that there are plans to make QUIC the default transaction ingest and forwarding protocol on Mainnet-beta beginning with the 1.13.4 validator shopper launch. Moreover, this launch was at present dwell on most validators and RPC nodes in Mainnet-beta. 

Curiously, in keeping with the report, Solana’s testnet, on 22 September, exceeded its earlier document for transaction throughput by surpassing 24,000 transactions per second.

All these developments have been mirrored on SOL’s chart because it turned one of many high gainers within the Solana ecosystem during the last seven days.

In line with CoinMarketCap, at press time, SOL was buying and selling at $32.66 with a market capitalization of greater than $11.7 billion. Traders may need even higher days forward because the market indicators have been in favor of a continued worth surge within the coming days.

Supply: CoinMarketCap

Cheering on the bulls…

SOL’s each day chart painted a bullish image for the token because it revealed the opportunity of a continued uptrend within the coming days. The Exponential Shifting Common (EMA) Ribbon displayed that the bulls may quickly go away the bears behind. The chart additionally revealed that SOL bulls could achieve a bonus available in the market because the 20-day EMA was quick approaching the 55-day EMA. 

The Relative Power Index (RSI) registered a really slight uptick, which was a bullish sign. Moreover, SOL’s Cash Move Index (MFI) was additionally resting above the impartial mark. Nonetheless, the Chaikin Cash Move (CMF) witnessed a slight downtick. This will act as a barrier in SOL’s uptrend.

Supply: TradingView

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