PayPal Activates Support for Solana and Chainlink for US Users
PayPal is now supporting altcoins Solana and Chainlink for US users, allowing them to buy, sell, and hold these assets directly on its platform. Previously, users could only purchase these cryptocurrencies through MoonPay.
Key points:
- PayPal's support may enhance market adoption for Solana and Chainlink.
- Chainlink's price is currently down 5.21%, trading at $12.71.
- Solana's price has decreased by 6.33%, currently around $115, with a weekly loss of over 15%.
- Daily trading volume for Solana increased by 140% to over $6.7 billion.
- Chainlink's daily trading volume rose by 54% to $625 million.
- Analyst Ali Martinez warns that Solana's trendline may break due to repeated tests.
- Martinez predicts a potential breakout for Chainlink, indicating a possible 35% price movement.
Despite PayPal's integration, both altcoins are under selling pressure today.