Ethereum

Solana

Access Protocol

Bitcoin

<div class="dailyhodl">
 <p>Crypto analytics firm Santiment says it has a bullish forecast for Ethereum (ETH) competitor Solana (SOL) despite the smart contract platform suffering a major outage earlier this week.</p>
 <p>On Tuesday, the Solana mainnet encountered a problem that caused the network to be offline for five hours, according to Solana Status, a SOL tracker and explorer.</p>
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 <p>This issue has since been resolved.</p>
 <p>According to Binance, this caused crypto exchange UpBit to suspend deposits and withdrawals of SOL and SOL-based altcoins, such as GMT (GMT), Raydium (RAY), and Access Protocol (ACS).</p>
 <p>The downtime caused SOL’s price to drop, dipping to a seven-day low of $93.10 before making a recovery. SOL is trading for $103.03 at time of writing, up by 1.95% over the past 24 hours.</p>
 <p>According to Santiment, Solana is among the few crypto assets giving higher returns than Bitcoin (BTC), the top digital asset by market cap.</p>
 <p><em>“Solana is one of the few altcoins outperforming Bitcoin this week, surging back above $102. In the past 36 hours, SOL/BTC is +4.5%.” </em></p>
 <p>Santiment says that Solana’s development activity – a metric used to indicate if developers think a crypto project will be successful or bound to roll out new <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> – dropped amid the outage.</p>
 <p>However, the analytics platform says that the fear, uncertainty and doubt (FUD) surrounding Solana due to its troubles turned out to be a boon for the smart contract platform.</p>
 <p><em> “The outage that concerned traders Monday ended up being a local bottom, with the FUD fueling this price rebound.”</em></p>
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GFyDMzVawAApF2i?format=jpg&amp;name=4096x4096" alt="GFyDMzVawAApF2i" width="1063" height="499">
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   Source: Santiment/X
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-one-of-the-few-altcoins-to-outperform-bitcoin-this-week-despite-tuesday-s-network-outage-santiment-tbt79419.html">https://thebittimes.com/solana-one-of-the-few-altcoins-to-outperform-bitcoin-this-week-despite-tuesday-s-network-outage-santiment-tbt79419.html</a></p>

Solana One of the Few Altcoins To Outperform Bitcoin This Week Despite Tuesday’s Network Outage: Santiment

TheBitTimes

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