{"id":24740,"date":"2024-12-15T22:21:18","date_gmt":"2024-12-15T22:21:18","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=24740"},"modified":"2024-12-15T22:21:18","modified_gmt":"2024-12-15T22:21:18","slug":"solana-bulls-strengthen-their-stance-fresh-long-term-investors-indicate-optimism-for-2024-surge","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/solana-bulls-strengthen-their-stance-fresh-long-term-investors-indicate-optimism-for-2024-surge\/","title":{"rendered":"Solana Bulls Strengthen Their Stance: Fresh Long-Term Investors Indicate Optimism for 2024 Surge"},"content":{"rendered":"\n

Solana is attracting a steady group of investors as it experiences a change in the demographics of its long-term holders. On-chain insights from Glassnode reveal that an increasing number of Solana addresses are entering the long-term holding segment, reflecting strong faith from those who joined during the recent rally in 2024.<\/p>\n

<\/span>Solana Investors Remain Optimistic About Future Gains<\/b><\/span><\/h2>\n

The growth in Solana’s value has slowed over the past week, showing signs of a slight downturn. Currently, Solana’s price is approximately 18% lower than its peak of $263.21, reached on November 23.<\/p>\n

However, insights from Glassnode indicate that many investors are choosing to maintain their positions despite some market pullbacks. The share of wealth held by individuals with 6-12 months of holdings has now risen to 27% of the total supply, demonstrating a strong commitment.<\/p>\n

These medium-term investors show a strong bullish outlook, indicating they do not plan to sell anytime soon. Their steadfast approach signals that Solana is gaining traction with new long-term holders rather than attracting just those looking for quick profits.<\/p>\n

<\/p>\n

As newer long-term holders increase their ownership, the number of investors retaining their holdings for 1-2 years has drastically decreased in recent months. Glassnode reports that this group, which made up 48% of the total supply in June, now represents less than 5%.<\/p>\n

<\/p>\n

This shift mainly reflects previous cycle investors who capitalized on the 2024 rally to secure profits. Their reduced presence suggests that profit-taking is now mostly finished, with Solana’s available supply shifting towards a more optimistic group of holders.<\/p>\n

\"\"<\/p>\n

<\/span>Implications for Solana’s Price Trend<\/b><\/span><\/h2>\n

This movement from established long-term holders to newer ones indicates a changing perception of Solana’s pricing. With many older holders no longer selling to realize profits, the pressure to sell has lessened.<\/p>\n

The reduced activity from previous cycle holders, combined with a growing trend of new investors holding their assets, creates a more favorable environment for Solana’s price to increase in the weeks ahead. This sentiment is further supported by technical evaluations of Solana’s price, indicating potential upward movements.<\/p>\n

Currently, Solana is valued at $217, reflecting a 4% drop in the last 24 hours. Nevertheless, the future outlook seems positive, particularly as Solana maintains its position above the $200 mark. Some analysis suggests that Solana may be on course to achieve a new all-time high before Christmas. One analyst has even pointed out a pattern that could propel Solana toward a $4,000 valuation.<\/p>\n

Image courtesy of CNBC, chart data from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Solana is attracting a steady group of investors as it experiences a change in the demographics of its long-term holders. On-chain insights from Glassnode reveal that an increasing number of Solana addresses are entering the long-term holding segment, reflecting strong faith from those who joined during the recent rally in 2024. Solana Investors Remain Optimistic […]<\/p>\n","protected":false},"author":14,"featured_media":24741,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Solana Bulls Strengthen Their Stance: Fresh Long-Term Investors Indicate Optimism for 2024 Surge - Bitrabo","description":"Solana is attracting a steady group of investors as it experiences a change in the demographics of its long-term holders. On-chain insights from Glassnode revea"},"footnotes":""},"categories":[316],"tags":[765,7627,2107,1133,464,1374,518,1361,1213],"class_list":["post-24740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-confidence","tag-continuation","tag-double","tag-holders","tag-investors","tag-longterm","tag-rally","tag-signal","tag-solana"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/24740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=24740"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/24740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/24741"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=24740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=24740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=24740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}