Market Overview: Bitcoin Trades Below $61K as Top Cryptos Plunge into Red Zone
CryptoRank, a crypto analyst, recently stated that Bitcoin is trading below $61,000, and the top 10 cryptocurrencies are showing losses.
Solana, often referred to as the “Ethereum killer,” shares significant similarities with Ethereum. The Solana Foundation was founded in 2018 and later launched Solana, an open-source project.
The Solana blockchain uses a proof-of-history consensus mechanism, unlike earlier blockchains. Solana blockchain’s native token is Solana (SOL). Notably, Solana uses “a mixture of time-tested cryptographic strategies and fresh innovations to address the shortcomings of crypto’s first-wave solution,” as quoted by CEX.IO COO Konstantin Anissimov. With its unique combination of proof of history and delegated proof-of-stake algorithms, Solana is aimed at solving Ethereum’s scalability issues.
Solana offers faster transaction speeds than its closest competitors, Ethereum and Cardano. Compared to Ethereum’s 15 transactions per second, Solana can process about 2,600 transactions per second. Thus, Solana is identified to be one of the fastest blockchain platforms. To know what’s happening in the Solana ecosystem, read from CryptoTale.
CryptoRank, a crypto analyst, recently stated that Bitcoin is trading below $61,000, and the top 10 cryptocurrencies are showing losses.
Solana (SOL) has captured the spotlight with a significant 692% increase over the past year. This remarkable surge has positioned
GSR recently released its ETF possibility score, ranking ETH, SOL, NEAR, AVAX, APT, ADA, XRP, and ATOM based on decentralization
Bitcoin is currently trading below $61,000, with the broader cryptocurrency market showing positive trends. The top 10 cryptocurrencies are experiencing
Solana experienced its most significant rally in over a month after VanEck, an exchange-traded fund (ETF) issuer, submitted a filing
Metallica’s social media account was recently compromised, leading to the unauthorized promotion of a new cryptocurrency token, $METAL, falsely advertised
Bitcoin has experienced a dip, trading below the $62,000 mark, per recent CryptoRank data. The broader crypto market shows varied
Bitcoin’s market value recently dipped below $63,000, reflecting a broader downturn across the cryptocurrency sector. The majority of the top
The cryptocurrency market has again shown its unpredictable nature, with Bitcoin trading below the $65,000 mark. Renowned analytical platform CryptoRank
Renowned crypto analytical platform CryptoRank recently shared insights in an X post, shedding light on the current state of the
Solana (SOL) has been experiencing a persistent decline, according to analyst DonAlt. Despite Bitcoin’s stability, SOL has seen consistent red
3iQ Digital Asset Management has unveiled plans to launch North America’s first Solana exchange-traded product (ETP) , hence the possibility
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