Solana (SOL) Skyrockets To New Highs Following The Ignition Hackathon
Solana (SOL) took the crypto market by storm when it smashed an all-time high of $145.97 today.Since early 2021, Solana has demonstrated an aggressive bull rally. The token nailed a whopping growth rate of over +7,500%, acquiring a massive market capitalization of over $41 billion.
Ether ($ETH), the second-largest cryptocurrency managed to breach $4K resistance briefly for the first time since posting ATH of $4,362 in May. However, it could hold onto its gains that fell right after, currently trading at $3,934. The altcoin started its path to recovery along with Bitcoin starting in August and gained momentum post-London Hardfork.
Litecoin ($LTC), the eleventh largest cryptocurrency by market finally joined the bulls as its price breached the $200 mark to record a new 3-month high of $225. The altcoin had a daily close above 200 Moving average setting up a highly bullish scenario and if it manages a weekly close above it, the altcoin could join the bull party like never before.
XRP & Ripple have went through an immense amount of hate & troubles over the last year as an ongoing lawsuit with the SEC is putting pressure on investors & Ripple’s customers. Even though this has not affected the price of XRP over the last 6 months, it surely is keeping many investors from buying into XRP until there is clarity regarding its security status.