Solana (SOL) had a great quarter in terms of performance, with significant gains in market cap, Total Value Locked (TVL) and Non-Fungible Token (NFT) sales. According to a recent report by blockchain intelligence firm Messari for Q1 2023, SOL's market cap increased by 118.1% since the end of the previous quarter, with TVL denominated in USD rising 23.5% and NFT sales in SOL increasing 19.3% to reach All-Time Highs.

At press time, the price of SOL was $21.22, approximately 4.24% down since the last 24 hours, and 16% lower compared to a week before. Despite this, SOL reached a 24-hour high of $22.22 and its daily trading volume was up 32.81% to total $357,453,241.

The coin's performance was somewhat overshadowed by Bitcoin (BTC) and Ethereum (ETH), which recorded stronger gains over the last day. SOL was down 2.49% against BTC and 2.19% against ETH, with 1 SOL equaling 0.0007806 BTC and 0.01157 ETH, respectively.

The price of SOL is now seeking support from the key price level at $21. If the coin fails to hold this price level, it will drop down to the next key support level at $18.70 in the coming week. Investors must bear in mind that any action taken with regards to SOL is their own risk and Coin Edition and its affiliates will not be held liable for any losses.



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