Solana

Bitcoin

Daily

The <a href="https://en.coin-turk.com/" target="_blank" rel="noopener" data-wpel-link="internal">crypto</a> asset market seems to be rebounding from its four-week lows, regaining lost ground with minor gains in Bitcoin (BTC) and progress in evolving altcoins. 
<h2 style="text-align: justify;" id="latest-on-solana-and-xrp">Latest on Solana and XRP</h2>
Last week&#8217;s biggest winner in the crypto market was <a href="https://en.coin-turk.com/ripples-xrp-soars-amid-market-decline-a-legal-battle-update/" target="_blank" rel="noopener" data-wpel-link="internal">XRP,</a> which saw an 11% rise following positive reports from its lawsuit with the Securities and Exchange Commission (SEC) and an increase in the number of active users. The network activity of XRP also recorded an increase with the unique address count rising to 490,000. 
XRP also set the tone for bullish traders expecting a similar rally after the latest data, recording a 45% increase in Daily Active Addresses (DAA) in March. Furthermore, conversations spread in crypto circles last week about Ripple going public following its lawsuit with the SEC, seeming to have the bulls setting their sights on higher levels. 
Earlier this year, Solana (SOL) demonstrated strong recovery signs before slowing down last month. However, in the last seven days, SOL increased by 4% as traders believe it could surpass $24. To overcome this resistance, SOL, which is currently trading below $20, will need a 12% increase. The 24-hour trading volume for SOL, at $303 million, shows a 59% increase from its previous averages, potentially indicating growth. 
The market leader, Bitcoin, recorded slight gains amidst the rising altcoins and managed to retest $28,000 before finally falling below $27,000. Ethereum (ETH), the leading altcoin, passed $1,900 during the week but is currently trading around $1,844. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-83706 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-sol.png" alt="" width="1906" height="1134" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-sol.png 1906w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-sol-286x170.png 286w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-sol-768x457.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-sol-1536x914.png 1536w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-sol-1200x714.png 1200w, https://en.coin-turk.com/wp-content/uploads/2023/06/xrp-sol-329x197.png 329w" sizes="(max-width: 1906px) 100vw, 1906px" />
<h2 style="text-align: justify;" id="solana-nfts-struggle">Solana NFTs Struggle</h2>
NFTs have led the way in Solana&#8217;s growth, attracting countless users and investors to the project. In the past, the platform&#8217;s NFT activities have replaced Ethereum&#8217;s, and many experts preferred Solana&#8217;s NFTs to Ethereum&#8217;s top versions. 
However, good days for Solana might have ended as current figures continue to shadow its former glory. In May, NFT sales dropped by about 50% to $44 million, and overall activity decreased by 12%. The slow growth in Solana indicated a sharp increase in Bitcoin Ordinals. 
Bitcoin-based NFTs increased by 475% in the last 30 days with over 10 million transactions since their launch. The Ordinal sales volume, which was $32 million in April, reached $194 million in May. As debates surround the Ordinals, it dislodged the community known as &#8220;kings of NFTs&#8221;. 
The post <a rel="nofollow" href="https://en.coin-turk.com/crypto-market-resurgence-xrp-and-solanas-significant-moves/" data-wpel-link="internal">Crypto Market Resurgence: XRP and Solana&#8217;s Significant Moves</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Crypto Market Resurgence: XRP and Solana’s Significant Moves

Table of Contents

COINTURK NEWS

Other articles published on Jun 9, 2023

Robinhood announces delisting of Cardano, Polygon, and Solana

Ethereum co-founder Vitalik Buterin donates $100 million for COVID-19 research in India

XRP for Fiat Options Expand Majorly Thanks to This Integration

OKX Cryptocurrency Exchange Completes Record 20th Burn of Popular Altcoin OKB

Robinhood to cut support for Cardano, Polygon, and Solana

SEC Accuses Binance and CEO of Mishandling Funds

Join our free newsletter for daily crypto updates!