Bitcoin Cash

Solana

Terra Classic

eCash

Solana followed Bitcoin’s rally on Mar. 4, gaining as much as 7% in 24 hours and usurping Binance’s BNB coin for a higher rank among the top five cryptocurrencies.
Solana (<a href="https://crypto.news/price/solana/" target="_blank" rel="noopener noreferrer nofollow">SOL</a>) has become the fourth largest cryptocurrency in the world ahead of BNB, following an ascent above $140, as tokens across the market saw double-digit gains. SOL’s rise took the digital asset to a two-year high and levels last seen in April 2022, three months after the peak of 2021’s bull cycle.&nbsp;
The Solana milestone arrived on the heels of Bitcoin’s (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) new all-time high (ATH), as the leading crypto token rose past $69,000 before retreating to around $65,000 at press time, per CoinGecko.&nbsp;
Bitcoin’s retrace was likely due to market selloffs, as traders booked profits and the cryptocurrency faced a technical resistance wall at its ATH.&nbsp;
<figure class="wp-block-image size-large"><img loading="lazy" width="1024" height="703" src="https://crypto.news/app/uploads/2024/03/SOLUSD_2024-03-05_16-42-11-1024x703.png" alt="Solana">
 <figcaption>
 SOL daily chart | Source: TradingView
 </figcaption>
</figure>
You might also like: <a href="https://crypto.news/bitcoin-69000-all-time-high-2024/" rel="noopener noreferrer nofollow"> Bitcoin breaks $69k, hits new all-time high </a>
<h2 class="wp-block-heading" id="solana-bitcoin-up-but-so-are-these-coins">Solana, Bitcoin up, but so are these coins</h2>
CoinMarketCap <a href="https://coinmarketcap.com/gainers-losers/" target="_blank" rel="noopener noreferrer nofollow">data</a> said the total cryptocurrency market cap buoyed nearly 3% in 24 hours as Bitcoin and Solana pumped to higher prices. The increase carried crypto’s total market cap over $2.54 trillion, resulting in 35% or more gains for two particular coins.&nbsp;
Trading volumes of over $1.5 billion allowed eCash (XEC) to skyrocket over 53% in a single day, although the crypto is still 88% away from its previous ATH recorded in November 2021. Launched in July 2021, eCash is a rebrand of the Bitcoin fork, Bitcoin Cash ABC, and exists solely as a digital payment method for goods and services.&nbsp;
Terra Classic (<a href="https://crypto.news/price/terra-luna-classic/" target="_blank" rel="noopener noreferrer nofollow">LUNC</a>), the original <a href="https://crypto.news/terra-classic-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Luna crypto</a>, also jumped 38% with a daily trading volume of $596 million. The coin’s surge coincided with a victory scored by Terraform Labs founder Do Kwon in Montenegro, as the former crypto tycoon <a href="https://crypto.news/terraform-labs-do-kwon-to-miss-start-of-sec-trial-report-says/" target="_blank" rel="noopener noreferrer nofollow">challenged</a> his extradition to the U.S. for criminal prosecution.&nbsp;
Read more: <a href="https://crypto.news/terraform-labs-refutes-secs-allegations-of-running-an-opaque-slush-fund/" rel="noopener noreferrer nofollow"> Terraform Labs refutes SEC’s allegations of running an ‘opaque slush fund’ </a>

Solana becomes 4th largest crypto following blitz past $140

Table of Contents

crypto.news

Other articles published on Mar 6, 2024

Join our free newsletter for daily crypto updates!