These Three Crypto Assets Are Chasing Solana (SOL)! - Kakiforex.com - Financial Market Media No. 1 in the World These Three Crypto Assets Are Chasing Solana (SOL)! These Three Crypto Assets Are Chasing Solana (SOL)!
InstaForex

September 13, 2021

These Three Crypto Assets Are Chasing Solana (SOL)!

 Three crypto assets: Cosmos (ATOM), Tezos (XTZ), and Polkadot (DOT) have seen remarkable price movements over the past month with spikes of 92%, 73%, and 41%respectively.


Based on the Stock-to-Flow (S2F) record, ATOM recorded values ​​of 16.33, XTZ (13.76), and DOT (10.01). These values ​​read with the highest levels indicate a low supply of assets. Here it clearly shows ATOM ahead of XTZ and DOT.


Similarly, for the aspect of risk adjusted returns, Cosmos still holds the same position, followed by Tezos and Polkadot.


Not only that, the volatility recorded by the three assets for the 30-day period on average was below 2, making the network ecosystem development space very wide. At the same time, developments on GitHub show satisfactory changes.



Analysts argue, if investors consider these assets for a long period of time, there is the potential for them to reap incredible returns. But if investors are comfortable for the short term, ATOM is a good choice.


For example Michael van de Poppe reveals if there are some assets that will follow in Solana’s (SOL) footsteps, it could be Tezos, Polkadot or Cosmos.


Cosmos (ATOM) had hit an all -time high (ATH) earlier this morning, $ 36.89, thus surpassing the ATH record in May. This indicates high buying pressure since yesterday.


However, when the ATOM writer traded at $ 32.84, it was up nearly 21% in 24 hours but down over 13% since ATH this morning.


While XTZ and DOT recorded a value of $ 7.09 (+14.57%) and $ 35.56 (+11.74%), respectively.