The cryptocurrency market continues its upward momentum. The leading cryptocurrency Bitcoin continues to struggle above the $63,000 level. The altcoin market also generally shows a positive performance. In this positive environment, some tokens attract more attention. Analytics platform Santiment highlighted three cryptocurrencies that have become trends in the last 24 hours.
Santiment: These 3 Cryptocurrencies Are Trending!
The recent interest rate cut above expectations caused the cryptocurrency market to move north. In particular, Bitcoin's strong performance exceeding $ 63,000 ignited the market and most tokens managed to enter the green zone. In light of these developments, Santiment drew attention to three cryptocurrencies: Bitcoin (BTC), Solana (SOL) and cat in a dogs world (MEW).
BTC aims to surpass its highest level in 25 days. The rise of SOL was influenced by the launch of the Solana Seeker smartphone, which sold 140 thousand units. MEW came to the fore with its listing on Upbit and the latest airdrop events that traders were eagerly waiting for.
Jump Crypto demonstrated the viability of the Frankendancer upgrade on the mainnet at the Solana Breakpoint conference. GitHub data revealed that this network upgrade is ready for the mainnet release, and validators are reportedly ready to adopt this upgrade. Frankendancer stands out as a significant step in the rewrite of three core components of the Solana Labs client.
This cryptocurrency network upgrade aims to optimize for maximum performance at every level while also ensuring that validator clients can operate at full capacity. It will also help scale Solana’s bandwidth and hardware. It also aims to standardize protocol documentation so that anyone can create validators without having deep knowledge of Rust code.
With the impact of recent developments, the SOL price increased by 9% to over $150. The cryptocurrency’s trading volume also increased by over 8% to $3.2 billion. With the recovery in the crypto market, Solana has become one of the tokens that has made the most profit. This supports the bullish outlook for the token.
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I EXPLAIN IN DETAIL.
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