In the past week or so, the crypto market has witnessed many highs. As Bitcoin has risen, most other altcoins have also risen. This behavior is usually constant. With the fall in the first few months of 2021, Bitcoin has fallen, and many altcoins have also fallen.
Likewise, when Bitcoin rose a few weeks ago, many altcoins followed suit. About a week ago, Bitcoin recovered to $50,000. During this period, many other altcoins also experienced a significant surge.
Solana (SOL) seems to be one of these altcoins, and it has slowly and steadily gained traction in the crypto market. In fact, just a few hours ago, the cryptocurrency hit an all-time high of $100.84. This is a landmark milestone for the Solana network and its community.
Of course, for experienced traders, this is not surprising. Most traders have noticed that SOL has been showing bullish signs for more than a week. Therefore, it is clear that price increases are not far off. In addition, Solana also saw interesting institutional investment flows during this period.
Similarly, many other altcoins have also risen sharply in the past week. It should be emphasized that IoTeX (IOTX) and Cardano (ADA) are some of them. Specifically, the price of IOTX has risen by nearly 400%. At the same time, ADA set the new ATH at $2.45. In addition to this, many other altcoins show extremely high bullish trends. It should be emphasized that these cryptocurrencies include Ripple’s XRP, XDC Network’s tokens-XDC, Polygon’s MATIC, and TRON’s TRX.
What’s more exciting is that most of these cryptocurrencies still show bullish signs. Take Cardano as an example, the platform will soon release its Alonzo mainnet.