Solana recovers strongly
Slowly but surely, sentiment on the crypto market is picking up again. Solana $SOL (+0,53%) has recovered from its low point last week and is now trading at 124 dollars. This represents an increase of almost 30% since the crash at the beginning of the week. While Bitcoin and Ethereum have also risen, the layer 2 project Solaxy $SOL (+0,53%) is attracting increasing attention. Analysts are of the opinion that Solaxy has the potential to become a trillion-dollar project in the future. They even see the Solana share price in a position to exceed the 500-dollar mark. Solaxy could help Solana to minimize transaction abortions and downtime and thus promote mass adoption of the blockchain. Solaxy's $SOLX token is currently in pre-sale and has already turned over almost 30 million dollars. If Solaxy catches on, both Solana and Solaxy could become extremely profitable for investors.
Wall Street: Dow Jones and NASDAQ on the upswing
In the USA, the stock markets were volatile on Friday. The Dow Jones opened at 39,493.42 points and initially oscillated between the profit and loss zones. However, it ultimately rose by 1.56 % to 40,212.71 points. The NASDAQ Composite also began with a loss of 0.18 %, but recovered and closed up 2.06 % at 16,724.46 points. The S&P 500 showed a similar development and ended with a gain of 1.81 % at 5,363.36 points. These positive movements were partly fueled by the willingness of the US government under President Donald Trump to negotiate tariff agreements with more than 70 countries. At the same time, investors remain focused on the development of bond yields and the ongoing trade conflicts between the US and China. The yield on ten-year US government bonds rose to 4.429 %, which is drawing the attention of market participants. The upcoming balance sheet season for the major US banks is also attracting increased attention on the market.
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