{"id":2678,"date":"2023-11-14T10:33:11","date_gmt":"2023-11-14T10:33:11","guid":{"rendered":"https:\/\/solanacrypto.news\/2023\/11\/14\/solana-sol-now-among-the-most-liquid-altcoins-on-coinbase-kaiko\/"},"modified":"2023-11-14T10:33:11","modified_gmt":"2023-11-14T10:33:11","slug":"solana-sol-now-among-the-most-liquid-altcoins-on-coinbase-kaiko","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2023\/11\/14\/solana-sol-now-among-the-most-liquid-altcoins-on-coinbase-kaiko\/","title":{"rendered":"Solana (SOL) Now Among the Most Liquid Altcoins on Coinbase: Kaiko"},"content":{"rendered":"

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Solana (SOL) has surged to become one of the most liquid altcoins on the leading crypto exchange Coinbase, according to recent findings by market intelligence firm <\/span>Kaiko<\/span>. The token boasts over $3 million in liquidity, overshadowing prominent altcoins like DOGE, XRP, and Matic. Despite the recent 6% drop in Solana price<\/a> amid market-wide pessimism, SOL\u2019s solid fundamentals and introduction of a tokenized version of Bitcoin on the Solana network signal promising times ahead.<\/span>
\ud83d\udcc8 $SOL<\/a> has surged to become on of the most liquid altcoins on Coinbase pic.twitter.com\/0vGJ1hEiY8<\/a>
\u2014 Kaiko (@KaikoData) August 16, 2023<\/a><\/p>\n

Liquidity refers to the ease with which an asset can be converted into ready cash without affecting its market price. The more liquid an asset is, the more efficiently it can be transformed into cash.\u00a0<\/span>
SOL\u2019s superior liquidity on Coinbase makes it an attractive investment option, as it can easily be bought or sold without causing significant price fluctuations. With over $3 million in liquidity, SOL has surpassed DOGE, which has just above $2 million, and XRP and Matic, which each have just over $1 million.<\/span>
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