Solana (SOL) and Avalanche (AVAX) ecosystems stand out in the cryptocurrency market lately.
The cryptocurrency market has been on an upward trend since the beginning of 2023. October It added a new breath as of the month. Bitcoin (BTC) 43 thousand dollars while watching on the band solana And Avalanche Sudden price movements in the ecosystem were at the center of attention of investors.
From the Solana ecosystem dogwifhat (WIF) And Bonk (BONK) While meme coins were leading the rise wave, many investors who noticed these projects early earned hundreds of thousands of dollars. WIF has been around since the beginning of December 44,000% rose. BONK in the last month 700% It gained value around .
Described as the first meme coin of the Avalanche ecosystem Coq Inu (COQ) has amazed the market with its performance in the last 10 days.
COQ last More than 500% in 1 week It was one of the projects that stood out by gaining value. A COQ investor, $450 capital in 2 weeks for $2.19 million It made headlines by translating it.
Past bull runs favorite stands out as an ecosystem Ethereum (ETH), was not among the first choice of investors this time due to high transaction fees on the network. Cryptocurrency community that wants to quickly evaluate opportunities, with lower transaction fees and speed preferred standout Solana and Avalanche.
SOL and AVAX were directly affected by this situation. SOL in the last month 25%if AVAX 90% rose. Increased transactions on the Avalanche network led to AVAX burn on the network reaching an all-time high and investors $13 million transaction fee caused him to pay.