Why Solana Has Outperformed Ethereum, SOL Up 36% In One Week

Solana (SOL) is the best performing asset in the crypto top 10 by market cap. The market seems to be positively reacting to Solana Labs’ smartphone announcement as the cryptocurrency is surging faster than other assets in this tanking.

Related Reading | Bitcoin Whale Presence On Derivatives Still High, More Volatility Ahead?

At the time of writing, SOL’s price trades at $42 with a 12% and 36% profit in the last 24 hours and 7 days respectively. In the meantime, the second-best performing cryptocurrency is XRP with a 16% profit in the past week, followed by Polkadot (DOT) with 15%, and Ethereum with 14% profits. SOL’s price trends to the downside on the 4-hour chart. Source: SOLUSDT Tradingview

Solana has been recovering after experiencing massive selling pressure. In addition to …

Source : newsbtc.com

Leave a Reply

Your email address will not be published.