2023-12-8 05:02 |
Cryptocurrency prices had a mixed performance on Friday as Bitcoin price lost momentum. After Bitcoin price jumped to a high of almost $45,000, the coin has moved slightly below $44,000. Still, the total market cap of all digital currencies jumped to over $1.69 trillion.
A closer look shows that some of the best-performing cryptocurrencies on Friday have a thing in common. Marinade (MNDE) price has jumped by more than 150% in the past 24 hours as the volume soared to over $23 million.
Bonk, the biggest meme coin in the Solana ecosystem, jumped by more than 38% in the same period. It has soared by over 4,000% from its lowest level this year, giving it a market cap of over $731 million. Bonk’s daily trading volume has risen to over $176 million in the past 24 hours.
Meanwhile, Star Atlas (POLIS) price has jumped by over 22.3%, giving it a market cap of more than $150 million. Star Atlas is a leading player in the Solana ecosystem that is in the gaming subsector. According to Solscan, the number of POLIS holders has jumped to over 53,700.
Solanium (SLIM) price soared by over 35% in the past 24 hours as its total volume jumped to over $1.7 million. Solanium is a multichain launchpad that has over $9.8 million staked. Some of the top projects in the ecosystem are Honeyland, Dragon War, and Nest Arcade.
Solend, the biggest lending protocol in Solana, is also doing well. SLND price has jumped by more than 32% in the past 24 hours. Its token has jumped sharply in the past few months as the total value locked in the ecosystem has soared to over $160 million.
Solana vs Marinade vs Solend vs Marinade Finance
POLIS, RAYD, and SLIM prices have jumped sharply because of the strong performance of Solana, one of the biggest chains in the world. Solana’s token has jumped to over $72.10, the highest point since May 2022. It has soared by over 805% from its lowest level this year.
Most investors believe that Solana can be a good alternative to Ethereum. It has superior network speeds and low costs. Also, unlike in the past, Solana has not gone through outages that were popular a few years ago.Most importantly, Solana is rising as investors cheer the performance of Bitcoin and other cryptocurrencies. There are signs that the Federal Reserve will start cutting interest rates in the first half of the year. Also, there is a possibility that the Securities and Exchange Commission (SEC) will approve a Bitcoin ETF.
The post Here’s why Star Atlas, Raydium, Solanium crypto tokens are surging appeared first on Invezz
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