Glassnode: This Altcoin Prepares to Rally Following XRP Coin and ADA!
With Bitcoin breaking the $100,000 mark, enthusiasm in the cryptocurrency market is on the rise. The strong performance of tokens such as XRP Coin, ADA and TRX has turned eyes to other candidates. Solana, which has been consolidating for a while, is emerging as another rally candidate. The co-founders of crypto analytics platform Glassnode believe that Solana could be preparing for a major rally after being outperformed by its rivals.
SOL lagged behind XRP Coin and ADA, now
... The upside volatility in the market continues. According to analysts, some tokens that have been consolidating for some time are also preparing to move. Jan Happel and Yann Allemann, who use the pseudonym Negentropic, say that after SOL hit an all-time high, major network activity could cause an increase in Solana. In this context, the analysts make a comparison with XRP Coin and ADA:
SOL always goes up for everyone. If the market allows, this price zone could offer a potential entry for SOL. After hitting a new all-time high, it has lagged slightly behind other tier-1s like XRP or ADA. However, with a thriving ecosystem, we should never underestimate SOL. Let's take a look!
