Traders’ hope are high are regarding the the bearish episode of the last few days. They hope it will be quickly forgotten as the weekend comes.
Few days ago, he overall cryptocurrency market lost more than 11% of its total capitalization. The major coins in the space bled hugely.
Although, Solana managed to keep growing. It’s maintaining a steady upwards trend Despite the struggles that most crypto projects faces right now.
Recent Data reveals that Solana blockchain has recorded the best price performance of the top 10 cryptocurrencies. This recorded a 86.9% valuation increase.
This made Solana’s token overtake XRP in the cryptocurrency ranking, its’ now bossing the #6 spot on the list for the first time.
Solana’s price is currently exceeding all expectation, with continuously increasing larger weekly candlesticks since the beginning of August.
Recent weekly candlestick shows SO at $141, and have risen above $208.
XRP performed poorly this week, following bitcoin’s direction. XRP had over 18% loss, going from $1.38 to $1.12. However, XRP indications shows a bullish run onwards.