Solid! Solana (SOL) Continues To Show Outstanding Performance Amid Price Correction!

 Amid the fall in Bitcoin prices and attempts to return to the $ 40,000 price level, other crypto assets Solana, Ethereum, Bitcoin Cash, Uniswap, and Ripple showed encouraging gains. The main cryptocurrency asset, after rising $ 6,000 in a few days, Bitcoin once again failed to cross the $ 40,000 price level.


Altcoin has lately started to return a significant improvement maker. ETH has added value of about $ 700 and earlier today hit a six-week high of around $ 2,460 (on Bitstamp). Despite starting to decline, ETH is still trading at the $ 2000 level, which is $ 2,336.06 at the time of writing.



On the other hand, the following crypto assets also recorded price increases with Binance Coin (2%), Cardano (2%), Dogecoin (1%), Polkadot (3%), and Litecoin (1.5%). However, Solana is the crypto that recorded the largest increase compared to most other altcoins with a 14%increase.


Solana is a great network as it can accommodate large loads so it is no wonder why it is the choice of most projects. It uses proof-of-stake (PoS) consensus which makes the platform capable of processing 50,000 to 65,000 transactions per second (TPS) at a low cost of around $ 0.00001 per transaction.


Also recording large price increases were crypto quant (21%), Ontology (14%), Siacoin (10%), and OMG Network (10%). On the other hand, the BTC price has made a $ 10,000 increase from the $ 30,000 price level reached last week. The latest BTC price is trading at the $ 39,031.31 price level.

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