As global cryptocurrency markets lost 1.5% of their market capitalization overnight, several of the largest cryptocurrencies also nosedived. But this week’s overnight slumps have not erased the overall gains made by altcoins like Solana, Terra, and Algorand.
Solana is up 27.56% from this time last week. Holders are even enjoying a 2.13% overnight rise in the value of the coin as it trades for $183 today. This time last month, Solana was worth $39.
Today’s performance is nothing new for Solana. Last month, the Ethereum competitor wasn’t even in the top 10 cryptocurrencies by market capitalization. At the beginning of the month, Solana flipped Dogecoin to reach seventh place. By Tuesday this week, it flipped XRP for sixth place.
Solana isn’t the only currency on a smart contract blockchain that has seen explosive price movement. Algorand is up 5% today, and 77% higher than last week as it trades for $2.15. Algorand was trading at $0.88 cents only last month, which means the
Źródło: https://decrypt.co/80735/altcoins-continue-to-rise-while-ethereum-and-bitcoin-fall
