Why the correction on the crypto market does not hit SOL

Solana representation

The cryptocurrency is considered to be extremely fast and extremely cheap:

(Photo: mauritius images / Skorzewiak / Alamy)

Dusseldorf The crypto market has stabilized after the significant losses on Tuesday, but has not yet recovered. Only one crypto currency could shut itself off from this downward trend: Sol, the token of the Solana blockchain. The course has increased by ten percent since Tuesday, although there was significant profit-taking on Friday. Since the beginning of the year, the price has even risen by 12,000 percent to around $ 180.

For comparison: Bitcoin, the oldest and most important digital currency, was trading at just under $ 46,000 on Friday. That’s well above the weekly low of $ 43,285, but still 13 percent below Tuesday morning’s high.

The situation is similar with other cryptocurrencies from the second and third row, such as Ether (minus 14 percent), Ada (minus 13 percent) and Polkadot (minus 11 percent). The market capitalization of the entire crypto market is currently twelve percent lower.

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