Altcoin bulls are not slowing down as they collectively attempt to make an upward correction. While some are on the verge of making a U-turn from the red zone, a handful of altcoins are already in the green zone.
According to a recent observation from Santiment, a leading on-chain analytics platform, two altcoins have already succeeded in making a bullish turnaround.
It was also observed that four other altcoins were flashing a bullish signal.
Cardano (ADA) and Solana (SOL) are the two altcoins securing massive gains. ADA bulls successfully pushed the asset above the $0.5 price level. During the time of this report, ADA is trading for $0.52. While hourly losses are piling in, trading volume has surged by 44% over the last 24 hours.
On the other hand, Solana (SOL) is impressively closing in on the $110 price mark. Trading volume and market cap are up by 38% and 7%, respectively, over the last 24 hours.
Recall that SOL hit an all-time high of $260.06 in November 2021. SOL now trades at a press time price of $101.45. Over the last 30 days, SOL has secured gains of more than 73%.
It is worth noting that SOL’s year-to-date value has surpassed that of Bitcoin and every other asset within the top 20 category. Should the asset close above the $150 price mark, the quarter could see SOL retest its previous ATH.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://zycrypto.com/watch-out-for-cardano-solana-and-ether-bulls-as-altcoins-reclaim-dominance/
- :has
- :is
- :not
- $UP
- 06
- 20
- 2021
- 24
- 30
- 700
- a
- above
- ADA
- already
- also
- Altcoin
- Altcoins
- an
- analytics
- and
- ARE
- AS
- asset
- At
- ATH
- attempt
- Big
- Bitcoin
- Bullish
- Bulls
- by
- cap
- Cardano
- Category
- charge
- Close
- closing
- coinbase
- collectively
- content
- could
- Days
- Dominance
- down
- during
- Ether
- Every
- flashing
- For
- four
- from
- Gains
- Green
- hand
- handful
- Have
- High
- Hit
- HOURS
- HTTPS
- image
- in
- ITS
- jpg
- Last
- lead
- leading
- Level
- losses
- make
- Making
- mark
- Market
- Market Cap
- massive
- max-width
- more
- noting
- November
- November 2021
- now
- observation
- of
- on
- On-Chain
- Other
- out
- over
- platform
- plato
- Plato Data Intelligence
- PlatoData
- press
- previous
- price
- pushed
- Quarter
- recent
- Red
- report
- respectively
- Santiment
- Secured
- securing
- see
- sees
- should
- Signal
- Slowing
- SOL
- Solana
- Solana (SOL)
- some
- Successfully
- Surged
- surpassed
- than
- that
- The
- they
- this
- time
- to
- top
- trades
- Trading
- trading volume
- two
- upward
- value
- verge
- volume
- was
- Watch
- week
- were
- while
- within
- worth
- zephyrnet
- zone