Sunday, October 1, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Altcoin News

Solana Surges By 40%, ETC Up By 17%; Can Altcoins Keep Up This Rally Ahead?

news by news
January 4, 2023
in Altcoin News, News
0
Solana Surges By 40%, ETC Up By 17%; Can Altcoins Keep Up This Rally Ahead?
0
SHARES
93
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Over 1 Billion XRP Released from Escrow as Price Gains Facelift

“This Village Beat the Bully”- Ripple CEO at XRP Proper Party

solana price

Solana News: The global crypto market registered a broad recovery in the first week of 2023 after an intense sell off in December 2022. The largest cryptocurrency, Bitcoin is still struggling to regain the $17k price level. However, altcoins have continued to reap the benefits of positive investors’ sentiment toward the market.

Solana price recovery to continue ahead?

As per the data, altcoins like Solona (SOL), Lido Dao Token (LDO), Bitdao (BIT) and Aptos (APT) 7 days price breakout have sent some hope to the crypto community in the bear market.

Just a week ago, Solana got declared as a dead project over the internet. However, Solana price have now managed to surge by over 40% in the last 7 days. Solana price decoupled from the other major cryptos to record a surge of 17% over the last 24 hours. SOL is trading at an average price of $13.77, at the press time.

Data depicts that Solana saw a spike in its social dominance around 26 December. This directly indicates that the traders realized that Solana price would recover.

Solana 24 hour trading volume is up by 190% to stand at $1.49 billion. However, it was being heavily shorted on perpetual contracts which is a good sign of SOL surging ahead.

Ethereum Classic another winner

Ethereum Classic (ETC) is another altcoin that is seeing a price rally right now. Its 24 hour trading volume is up by a massive 253% to stand at $276 million. Ethereum Classic price jumped by a whopping 17% in the last 7 days.

As per reports, ETC is being shorted big time by traders on exchanges amid high trading volume.

Can Altcoins maintain this run?

Traders are shorting massively which can be identified as a good indicator for some altcoins’ price jump. However, mixed exchange funding rates are making the probability of altcoins price surge equal to a coin flip.

The post Solana Surges By 40%, ETC Up By 17%; Can Altcoins Keep Up This Rally Ahead? appeared first on CoinGape.

Related Posts

24/7 Cryptocurrency News

Over 1 Billion XRP Released from Escrow as Price Gains Facelift

October 1, 2023
24/7 Cryptocurrency News

“This Village Beat the Bully”- Ripple CEO at XRP Proper Party

October 1, 2023
24/7 Cryptocurrency News

FTX Exploiter Moved A total of Over 10,000 ETH In Last 24 Hours

October 1, 2023
24/7 Cryptocurrency News

Just In: DOJ to Summon FTX Clients, Investors, and Employees in SBF Case

September 30, 2023
24/7 Cryptocurrency News

Breaking: Brazil Launches Blockchain-Powered National Digital ID

September 30, 2023
24/7 Cryptocurrency News

Just In: DALL-E 3 Ignites Artistry Rebirth via Bing Creator AI

September 30, 2023
Next Post
Popular Analyst Bullish On Ethereum Price, Makes First Trade Of 2023

Popular Analyst Bullish On Ethereum Price, Makes First Trade Of 2023

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Expect Volatility in Pepecoin (PEPE) As Whale Activity Spikes

Expect Volatility in Pepecoin (PEPE) As Whale Activity Spikes

May 8, 2023
Bitcoin Miners Can End BTC’s Recent Price Rally – Here’s Why

Bitcoin Miners Can End BTC’s Recent Price Rally – Here’s Why

January 16, 2023
US SEC Crypto Staking Crackdown Benefits Decentralized Services, Here’s How

US SEC Crypto Staking Crackdown Benefits Decentralized Services, Here’s How

February 10, 2023
Crypto Marketplace Paxful Delists Ethereum Over ‘Honesty’ Issues, Here’s Why

Crypto Marketplace Paxful Delists Ethereum Over ‘Honesty’ Issues, Here’s Why

December 21, 2022
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In