Solana Outperforms 2 Top Altcoins – Its Ripple Effect On Prices
Solana (SOL) has emerged as a standout performer in the recent crypto market rally, catching the attention of investors and analysts alike. The entire cryptocurrency market has been on a bullish streak, with most digital assets turning green on the charts. However, Solana has managed to stand out by achieving an unprecedented increase in its price. At the time of writing, SOL was trading at $23.54 on CoinGecko and boasted a market capitalization near $10 billion. While the coin did register a 1.6% loss in the past 24 hours, its seven-day surge of 22% indicated its resilience and potential....
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The crypto market cap declined by about $80 billion today as Bitcoin dropped to a monthly low beneath $39,000. The crypto markets are on another roller coaster ride today, with bitcoin slipping below $40,000 and many altcoins dumpings as well. Ethereum has taken it on the chin losing over 5% of its value to sit at just under $3,000 per coin. Other altcoins like Terra, Ripple, Solana, Cardano and Polkadot also had substantial price losses. Related Reading | TA: Ethereum Slides Below 3K, Why Bears Could Aim $2.5K Altcoins Enter The Red Sea As Bitcoin Drops With little-to-no substantial....
The crypto market has recorded many devastating events in recent times. Since the market crash in May, crypto asset prices have behaved differently every week. Sometimes price outlook is positive, but other times, it is worse. From September 15 to date, the volatility in the market has skyrocketed. Asset prices are more bearish than bullish. The merge brought a series of price fall starting from Bitcoin, which lost $1000 a few minutes after the upgrade. Related Reading: Investors Withdraw ETH Holdings Despite Successful Ethereum Merge Ethereum and other altcoins also lost their price....
The ripple effects of Bitcoin price fall as a sequence to the People's Bank of China (PBoC) new Directives to Exchanges in China to implement Anti-Money Laundering systems did not spare altcoins either. The situation saw almost all the other digital currencies toppling down on Thursday. Once again, demonstrating that Bitcoin's success or failure impacts other cryptocurrencies. In the midst of the fall, however, some coins that deserve mentioning were resilient and made meaningful gains. As at 5:00 a.m. GMT on Friday the bearing was no different. All the altcoins at the top 10 of....
On September 7th, 2021, the crypto market experienced a flash crash that struck down the prices of Bitcoin, Ethereum and major altcoins. Only Solana (SOL) was impervious to the selloff with a 10% profit on the day. In the past month, Solana’s impressive journey to reach the top 10 cryptocurrencies by market cap has been […]
Recent Solana price analysis indicates that the bulls have taken the driver’s seat as prices of the crypto have surpassed the $45 mark. As of this writing, SOL is trading at $46.25, up 40% in the last seven days, data from Coingecko show, Tuesday. The market is anticipated to continue its ascent as long as $41 serves as support. Nevertheless, the bears may claw their way back if prices fail to surpass the $42 resistance barrier. Suggested Reading | Polygon Price Explodes By 60% – Is MATIC Nearing $1 Target? Solana Outperforms Major Cryptos Solana’s price behavior over the....