Solana Advances Despite Broad Crypto Sell-Offs: Markets Wrap

Market Research
Written By Guest User

Read the full article by Morgan Chittum here: 9/7/21

  • Bitcoin suffered a sharp 10% correction on Tuesday

  • The market bottomed out slightly above $2 Trillion

  • Ethereum Suffered a 13% pullback

The “Sol” train keeps rolling, “Despite its early loss, Solana’s native token later hit an all-time high of $194.82 on Tuesday morning following FTX’s launch of a minting platform for non-fungible tokens (NFTs). After jumping 30% in the morning, the altcoin, whose blockchain is commonly used to mint NFTs, simmered down to $173.78, as of press time.”

The truth is Solana has been trending wonderfully considering Ethereum Gas Fees have been pretty inconsistent on marketplaces like OpenSea. However, with Cardano’s major hard fork update coming September 12th, which will allow the blockchain to have smart contracts. Solana will not be the only blockchain competing for some of ETH’s market share.

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