{"id":3480,"date":"2021-05-16T16:09:36","date_gmt":"2021-05-16T15:09:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=3480"},"modified":"2021-05-16T16:09:41","modified_gmt":"2021-05-16T15:09:41","slug":"solana-bounces-up-high-as-bitcoin-altcoins-droop","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/solana-bounces-up-high-as-bitcoin-altcoins-droop\/","title":{"rendered":"Solana bounces up high as Bitcoin, Altcoins droop"},"content":{"rendered":"\n
SOL<\/a> was one of the top-performing cryptocurrencies today Sunday, beating Bitcoin and Ethereum by a significant edge.<\/h5>\n\n\n\n
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Solana's\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> local SOL token is outlining new highs on Sunday, acquiring in U.S. dollars and in Bitcoin (BTC) on the rear of developing organization appropriation and a key specialized forward leap.<\/p>\n\n\n\n

The SOL token topped at $52.42 on Sunday, as per TradingView, having acquired 24% over the 24-hour exchanging cycle. That denoted another untouched high for SOL and the primary authoritative break over the mental $50 level. As Cointelegraph recently revealed, Solana energized to a high of $49.99 on May 2 preceding losing a portion of its momenta. The $50 target had stayed subtle over the past about fourteen days.<\/p>\n\n\n\n

At the hour of distribution, SOL was exchanging above $51.00.<\/p>\n\n\n\n

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At current values, Solana has a total market capitalization of $13.9 billion, placing it in 15th spot on the crypto market cap rankings, according to Coingecko.<\/p>\n\n\n\n

Solana was vastly outperforming Bitcoin and Ethereum (ETH) on Sunday, as the two largest cryptocurrencies remained subdued following a major market meltdown at the\u00a0hands of Elon Musk\u00a0coupled with\u00a0deteriorating investor sentiment. SOL was up 24% in Bitcoin comparative and had gained 28% against ETH over the previous 24 hours.<\/p>\n\n\n\n

Bitcoin price was little changed on Sunday. Ethereum, meanwhile, was down 3.2%. The altcoin market was down over the 24-hour period. <\/p>\n\n\n\n

Solana has quickly emerged as one of the most active blockchain networks in recent months. The network\u00a0recently brought in $40 million\u00a0in strategic investments through the Solana Foundation grants program to advance its protocols and decentralized applications. Over 50 market-ready projects have launched on Solana since March, with a large concentration of DeFi applications.<\/p>\n\n\n\n

As Cointelegraph previously reported,\u00a0demand for the SOL token is rising\u00a0as more Solana-based projects issue airdrops to existing users. The hunt for cheaper Ethereum alternatives has also been cited as a potential reason for the recent growth in Solana\u2019s network activity. DELIVERED EVERY MONDAY<\/p>\n","protected":false},"excerpt":{"rendered":"

SOL was one of the top-performing cryptocurrencies today Sunday, beating Bitcoin and Ethereum by a significant edge. Solana’s local SOL token is outlining new highs on Sunday, acquiring in U.S. dollars and in Bitcoin (BTC) on the rear of developing organization appropriation and a key specialized forward leap. The SOL token topped at $52.42 on […]<\/p>\n","protected":false},"author":63,"featured_media":3481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[275],"class_list":["post-3480","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-solana"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/05\/download-2-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=3480"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/3480\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/3481"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=3480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=3480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=3480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}