Santiment: “This Altcoin Outperformed Bitcoin With Its Performance!” What is the reason?

Making its mark in 2023 with its rise Solana (LEFT) It went up to $126. SOL, which entered 2024 at around $100, dropped to $80 after the corrections.

However, Solana took action again and with his performance BitcoinHe left behind.

at this point BTC While it made a strong comeback last night and rose above $ 45,000, in altcoins There were also increases.

In this rise, Solana showed a prominent performance again, surpassing Bitcoin by rising above $104.

Evaluating Solana’s performance against Bitcoin Santiment said that the outage in the SOL network on Monday caused concern among investors, but created a local bottom for the price.

Due to outage LEFT Pointing out that the FUD among investors has increased, Santiment stated that this FUD triggered the recovery in the SOL price.

“Solana was one of the few altcoins to outperform Bitcoin this week, climbing back above $102.

In the last 36 hours, the SOL/BTC trading pair increased by 4.5%.

“After the outage in the SOL network, which worried traders on Monday, the price reached a local bottom, and the FUD in SOL caused by the outage fueled this price recovery.”

SOL continues to trade at $102 at the time of writing.

📈 #totheleft is one of the few #altcoins outperforming #Bitcoin this week, surging back above $102. In the past 36 hours, $LEFT / $BTC is +4.5%. The outage that concerned traders Monday ended up being a local bottom, with the #FUD Fueling this price rebound. https://t.co/lUC0DBS5B3 pic.twitter.com/1NTk5R4QBj

— Santiment (@santimentfeed) February 8, 2024

*This is not investment advice.