Among MAJOR Cryptocurrencies, Dogecoin and Solana Tokens had the Most Gains
The overall crypto market has been in a slump lately. However, there are still some bright spots to be found. Dogecoin and Solana Tokens have seen significant gains in the past 24 hours, leading the pack among major cryptocurrencies.
Dogecoin (DOGE) and Solana (SOL) were among the top performers in the cryptocurrency market in the past 24 hours, with both tokens posting gains of over 16%. The broader cryptocurrency market has also recovered over the same period, with the prices of most major coins rising.
The rise in Dogecoin and Solana prices appears to be driven by positive sentiment around the prospects of both projects. Solana, on the other hand, is one of the few cryptocurrencies seeing real-world usage thanks to its high transaction speed and low fees.
With both Dogecoin and Solana seeing substantial price increases recently, investors are bullish on their prospects going forward. With the overall cryptocurrency market also showing signs of life after a prolonged bear market, there could be more upside ahead for these two tokens.
What’s driving this impressive growth for Dogecoin? There are a few factors at play. First and foremost is renewed Interest in cryptocurrencies brought by mainstream attention back to the sector. Secondly, Dogecoin benefits from having a large and passionate community behind it that is constantly promoting it online – something that money can’t buy.
Similarly, Solana Tokens have also seen strong growth recently. Unlike many other cryptos that have struggled to maintain their momentum, Solana has been able to continue its upward trajectory. This can be attributed to the fact that Solana is one of the most promising “Layer 1” blockchain protocols, with lots of potential for real-world adoption.
Uniswap’s UNI tokens gained 16 %, and tokens of layer 1 protocol Elrond (EGLD) gained 21 %. Shiba Inu’s SHIB and KuCoin Shares (KCS), which gained less than 5.5 %, were among the worst performers.
Despite some headwinds the broader crypto market faces, there are still plenty of reasons to be bullish on individual coins and tokens. So keep an eye out for outperformers like Dogecoin and Solana Tokens as we progress into 2022!
Barry Pene is a stern blockchain research/copywriter. Barry has been trading cryptos since 2017 and has been invested in issues that would put the blockchain industry on the right pedestal. Barry's research expertise cuts across blockchain as a disruptive technology, DeFis, NFTs, Web3, and reduction of energy consumption levels of cryptocurrency mining.
