Bitcoin
Solana gains 5% while Bitcoin and Ethereum experience small drops
Solana gains 5% while Bitcoin and Ethereum experience small drops
Although most major cryptocurrencies are trading sideways or slightly lower, Solana (SOL) stands out with an increase of almost 2.28% in the last day. According to data from CoinMarketCap, Solana is currently trading at $155.03, marking a gain of over 20.36% over a week. Despite a turbulent month in which its value went from a high of $184 to a low of nearly $120, Solana has been rising steadily over the past week, outpacing the gains of Bitcoin and Ethereum.
In contrast, Bitcoin remained stable over the past 24 hours, trading at $63,618, while Ethereum fell slightly by 0.84% to $3,075. Last week, Bitcoin saw a modest increase of 4.05%, while Ethereum rose 2.20%.
Among the top 100 coins by market cap, some notable winners are in the Solana ecosystem. Jupiter symbol, JUP, which functions as a decentralized exchange aggregator, rose 25% last week, reaching a price of $1.14. Additionally, the leading Solana-based memecoin Dogwifehat (WIF) has experienced an increase of over 35% in the last 7 days, reaching $3.28.
Solana’s recent resurgence coincides with an increase in the number of new tokens deployed to the network using the SPL standard. On Saturday alone, a record 14,648 new tokens were deployed on Solana, as reported by Solscan. This trend has continued over the past two weeks, with at least 10,000 new tokens being introduced to the network every day.