Solana
Ripple (XRP) vs. Solana (SOL): Where will the bulls congregate?
Digital assets marked positive sentiments this week as cryptos like Ripple and Solana see slight inflows. Both assets are rising along with other top coins as Bitcoin (BTC) hits $70,000. This rise is due to a reversal in market sentiments, with crypto enthusiasts making bullish projections.
The total market capitalization stands at $2.61 trillion, an increase of 1.7% following a rise in intraday volumes. Ripple and Solana are popular altcoins that are seeing growing projections in a bull market, with both communities setting short- and long-term milestones.
Record gains from Ripple and Solana
Ripple saw slight inflows of 0.98% in the last 24 hours to trade at $0.5261. The recent upward movement of the asset has led to a decrease in weekly losses. Weekly outflows stood at 0.01%, while monthly figures plunged 1.2%. Bulls have been running hot around Ripple despite its recent regulatory debacle with the Securities and Exchange Commission (SECOND).
The asset’s market capitalization stands at $29.1 billion, with daily trading volumes exceeding 8%. The Ripple community continues to project more inflows on social media spaces as bulls target a price of $0.7.
Solana, an asset described as a favorite of institutional investors is up 1.13% today, with weekly outflows down to 0.7% while monthly figures saw gains of 14.2%. . Solana is known to outperform the market during a price rebound and has seen bullish activity in recent days. Currently trading at $168.53, intraday trading saw the altcoin reach $170 before a slight correction. Solana bulls have also set their sights on its burgeoning meme ecosystem to drive growth.
Larger markets attract capital flows
Crypto assets are rising with Bitcoin and Ethereum bulls anticipate more inflows after a blistering start to the week. Other altcoins and meme coins are also showing increased momentum this week. BNB climbed 7% in the last 24 hours, while Toncoin and Cardano recorded 5.36% and 0.5%, respectively. While BNB is trading at $670, Toncoin and Cardano are trading at $7.08 and $0.4626.
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David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in emerging technologies and has an eye for the latest news. Staying on top of trends, David has worked across several niches including regulation, partnerships, crypto assets, stocks, NFTs, and more. Far from the financial markets, David goes cycling and horse riding.