Solana holders can now deposit in Sol and USDC at the Kalshi prediction markets. From today, the platform announced that it will add support for the SOL chain.
Summary
- Kalshi has added support for the Solana chain, allowing users to deposit deposits in USDC and Sol via Sol-Native Portfeuilles.
- Solana recently experienced a dip of 2.6% in its token price.
Forecast market platform Kalshi has extended its scope to Cryptocurrency by integrating Solana (SOL) into its trading system.
Kalshi is a regulated financial exchange and forecast market platform established in the US. The platform was launched in July 2021 and offers transactions at various future events, including economic indicators, weather patterns, prices, as well as political and legislative results.
“Native collapses in USDC or Sol”, the platform wrote on its recent after.
The new announcement is accompanied by one link Gambling on a prediction market on whether Sol will reach a new of all time this year. So far the chances are 55% on yes, with a trade volume of $ 2,212.
The integration of support for the Solana chain means that users can do deposits directly from sol-compatible portfolios, where Sol tokens are directly converted into US dollars to finance the user’s Kalshi account.
The move is part of the company’s strategy to address more crypto-traders and to improve accessibility in the chain. It also follows the recent company appointment From the 23-year-old John Wang influenced as the head of Crypto.
Sol is the fourth crypto activum that is integrated in Kalshi, after the addition of other large cryptocurrencies, including USD Coin (USDC), Bitcoin (BTC), Worldcoin (Wld), Ripple USD (RLUSD) and Ripple (XRP).
Solana Price Analysis
During the press, Solana recently withdrawn with 2.6% from a peak of $ 217 and is now being traded around $ 207. It has fallen even further of the $ 210 threshold and has fallen far below the progressive average of 30 years that $ 212.64 is.
This recent price movement suggests a loss of Bullish Momentum after the strong meeting from August 22 to August 28. Solana Price is currently testing the support level of $ 205, which has become an important line in the sand for bulls to defend.
At the same time, the relative strength index fell sharply to 37.87, which indicates Beerarish Momentum and suggested that sellers are currently dominating.
If the price continues to weaken, it can fall below $ 205 and go to the psychological level of $ 200, and deeper losses can focus on the support area from $ 192 to $ 194, as previously seen in the trend. On the other hand, if buyers succeed in defending $ 205 and pushing the price back to $ 212, Sol can stabilize and try a new retest of $ 216 resistance.
Despite the current dip, Token has had more profit this week, because it increased by 14%.
Moreover, the total value of Solana recently reached the highest level since the start of the year, according to $ 11.78 billion according to facts from Defi Lama.
