The price of Solana's native cryptocurrency, SOL, surged by 13.16% in the past 24 hours, crossing the $150 zone. After struggling to breach this level for nearly 25 days, SOL's price reached $150.84 with a market cap of $70 billion.
Sharp Rise in Solana's Price
Solana's 13% price increase was driven by a 10% rise in daily trading volume, reaching $3.27 billion. Currently, SOL is eyeing a breakout above the $160 zone.
Jupiter Exchange Acquisitions
During the 2024 Solana Breakpoint Conference, Jupiter Exchange announced strategic acquisitions: SolanaFM and Coinhall. These acquisitions aim to enhance Jupiter Exchange's data and infrastructure capabilities, benefiting users with real-time insights.
New Features and Enhancements
Jupiter Exchange plans to release the Jupiter Mobile app in collaboration with MoonPay, which will allow seamless transactions using Apple and Google Pay without platform fees. Other updates include the launch of Ape.Pro, an upgraded memecoin trading platform, and Metropolis, an API platform for developers. Additionally, Jupiter Exchange acquired Ultimate Wallet, enhancing security and convenience for users within the Solana ecosystem.
Jupiter Exchange's new acquisitions and features highlight its commitment to expanding and enhancing user experience on Solana. The surge in SOL's price and trading volume underscores the relevance and demand for this cryptocurrency in the market.
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