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Solana Adds 10% to its Value as Market Slightly Retraces

Twitter icon  •  Published 2 years ago on March 1, 2024  •  Hassan Maishera

Solana’s SOL tops $135, adding 10% to its value as the broader cryptocurrency market consolidates.

Solana Adds 10% to its Value as Market Slightly Retraces

TL;DR

  • SOL is the best performer amongst the top 10 cryptocurrencies by market cap.

  • BTC has stabilized above the $61k level after adding 20% to its value this week.

SOL Hits $135 as the Broader Market Stalls

SOL, Solana’s native coin, is the best performer amongst the top 10 cryptocurrencies by market cap. The coin has added 10% to its value over the last 24 hours and is now trading at $135 per coin.

There is no catalyst behind SOL’s latest performance as the broader cryptocurrency market stalls following this week’s rally. Over the last seven days, SOL added 31% to its value, outperforming BTC and ETH in the process. Only Dogecoin outperformed SOL in the last seven days.

Bitcoin, the world’s leading cryptocurrency by market cap, has lost 1% of its value so far today. At press time, Bitcoin’s price stands at $61,365 per coin. The retracement comes after BTC surged by 20% earlier this week.

With the market currently in a consolidation mode, the total cryptocurrency market cap stands at $2.29 trillion, down by 1% today.

 

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Author

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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