This comes after a massive $500 billion cryptocurrency sell-off triggered by traditional financial market turmoil, Jump Crypto oversold and broader macroeconomic instability.
Ether fell 8-5% on the 22nd, while #Solana fell 36% over the same period.
the aftermath of the sell-off, however, the price of Solana jumped 8.5% from a local low of 3-110 to 144 for a publish at 35.
At the same time, the price of #MarketDownturn recovered only 15%, rising from a 2.157-year low at the time of publication to a price per publication of 1.2463.
The Sol/ETH ratio previously reached 0.0591 in March during the massive increase in Solan prices, causing the asset to briefly reach a new all-time high in terms of market capitalization.
the crypto community has become very superstitious about the overly optimistic mood of ETH traders. Market participants believe that ETH tends to underperform when there is strong interest in the asset.
As part of an ongoing joke, Spectral Labs, a #cryptocurrency machine intelligence company, unveiled an artificial intelligence-based bot that automatically lowers ETH when traders on social media express overly optimistic sentiments about ETH.
Read us at: Compass Investments
