Franklin

Solana

Bitcoin

<p>You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/solanas-price-peaks-attracting-crypto-market-attention" rel="noopener noreferrer nofollow">Solana’s Price Peaks Attracting Crypto Market Attention</a><br></p><p>The cryptocurrency <a href="https://en.bitcoinhaber.net/solana-blockchain-ushers-in-a-new-era-for-nfts-with-metaplex-inscriptions-and-engravings" rel="noopener noreferrer nofollow">Solana</a> has experienced a notable price hike, driven by a wave of purchases within the crypto market. On March 14, Solana’s value escalated to its highest point since January 2022, hitting $174, which represented a 6.70% jump and overshadowed the overall market’s marginal decline. This bullish trend sees Solana standing out, even as its price slightly adjusted to $166 during reporting.</p><h2 id="dogewhatif-campaign-boosts-solana">Dogewhatif Campaign Boosts Solana</h2><p>Solana’s recent surge is closely linked to the success of the related Dogewhatif memecoin project, which managed to raise $50,000 of its $700,000 target. This fundraising achievement sparked interest and visibility for the project, as demonstrated by the Dogewhatif token’s 25% value increase and a market cap reaching $3 billion. The positive ripple effects from this campaign, which began on March 10, have also fueled a more than 24% rise in Solana’s price.</p><p>The enthusiasm surrounding new memecoin projects on the Solana blockchain has also seen investment shifts. Franklin Templeton’s recent study highlighted a significant correlation between active addresses on the network and the price fluctuations of popular memecoin BONK. These developments suggest a potential uptick in demand for Solana as DApps and transaction activities intensify on the platform.</p><h2 id="contrasting-bitcoin-and-solana-s-market-movements">Contrasting Bitcoin and Solana’s Market Movements</h2><p>Amidst <a href="https://en.bitcoinhaber.net/bitcoin-struggles-to-maintain-its-ground-as-prices-dip" rel="noopener noreferrer nofollow">Bitcoin</a>‘s market recovery, Solana has demonstrated a distinct upward trajectory. The SOL/BTC trading pair alone has soared by 32.45% since hitting a monthly low, with a notable 6.60% increase on March 14. This suggests an investor pivot from Bitcoin to altcoins like Solana. Despite Bitcoin’s substantial 65% gain this year, it currently shows signs of being overbought, making altcoins with lower RSI values like Solana and <a href="https://en.bitcoinhaber.net/ripples-strategic-xrp-token-movements-impact-market-dynamics" rel="noopener noreferrer nofollow">XRP</a> more appealing due to their balanced market sentiment.</p><h5><span>The post first appeared on BH NEWS: </span><a href="https://en.bitcoinhaber.net/solanas-price-peaks-attracting-crypto-market-attention" rel="noopener noreferrer nofollow">Solana’s Price Peaks Attracting Crypto Market Attention</a></h5>

Solana’s Price Peaks Attracting Crypto Market Attention

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