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Solana and Near Lead the Rise of Altcoins
Solana (SOL) is up 20.6% this week after a period of poor results. The altcoin continued its gains by trading at $155 in the last 24 hours. Solana has made a name for itself lately by outperforming the market in bull runs based on various factors, including memecoin activity.
Solana memecoins are also posting similar numbers in the market. Some assets are rising above 50% after weeks of outflows. SOL pared its monthly losses to 15% as bulls predicted a broader market run.
Near, on the other hand, increased by 1.6% today and increased by 21.57% in total this week. Asset daily volumes rose 8% to over 590 million after the price surge to $7.49. Weekly gains of over 20% sparked short-term trading, indicating improving macroeconomic factors. This rally can also be seen in crypto stocks, although most remain at single-digit gains.
