Solana ignored Crypto Market DOLDRUMS and surged more than 5% on Friday after PayPal and Venmo started supporting the SOL on Friday.
PayPal announced on Friday that users of the two -payment platform can now purchase, sell, hold and send SOL and LINK, the basic assets of the Oracle platform chain link.
The link has increased by more than 1% on Friday and is trading for $ 13.00 for writing. Meanwhile, Sol rose from $ 117.15 to $ 124 before the trading day was finished at $ 122.78.
In comparison, the total market cap has declined almost 1% over the last 24 hours and last week, depending on COINGECO’s data.
Password prices fell as President Donald Trump’s new tariffs undermined the global market. Trump hit 10% of tariffs on all imports entering the United States as a specified goal for domestic manufacturing protection on Wednesday.
He also announced a proclamation of “mutual tariffs” for dozens of specific countries from April 9, and a total of 54%in China.
PayPal acquired Venmo’s parent Braintree for $ 800 million in 2013. In addition to Link and Sol, payment companies also support Bitcoin (BTC), Ethereum (Ethereum), Litecoin (LTC), Bitcoin Cash (BCH) and Stablecoin Paypal USD (Pyusd).
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Created image: Midjourney