Ethereum

Cryptocurrency

Solana

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-notice-smart-contract-platforms-rising-in-cryptocurrency-markets/" data-wpel-link="internal">Investors Notice Smart Contract Platforms Rising in Cryptocurrency Markets</a><br></p>
<p style="text-align: justify">After the recent turbulent period in cryptocurrency markets, smart contract platforms have gained <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>‘ attention with their rising momentum. In the past month, the leading smart contract platforms <strong>Ethereum (ETH)</strong> and <a href="https://en.coin-turk.com/institutional-investors-buy-solana-sol-coin/" data-wpel-link="internal">Solana</a> (SOL) have seen the highest price increases.</p> 
<h2 id="why-did-ethereum-rise">Why Did Ethereum Rise?</h2> 
<p style="text-align: justify">According to experts, although there are many reasons for Ethereum’s rise, the main factor was the spot ETF process. In the past month, Ethereum saw a 24.68% increase, while SOL saw a 30.1% rise. As mentioned above, experts believe one of the primary reasons for Ethereum’s rise was the approval of the spot <strong>ETF</strong>. Approved ETFs are seen by investors as an additional source of liquidity in the cryptocurrency.</p> 
<p style="text-align: justify">Although ETF transactions have not yet started, they are expected to be a significant catalyst for the cryptocurrency in the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">future</a>. Following the ETF process in Ethereum, there are claims that its close competitor Solana will make a similar move to sustain the competition. The popular altcoin Solana caught investors’ attention with consecutive rises in May. Although it saw a slight decline towards the end of the month, it finished above its starting point.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-361385 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/sol.jpg" alt="" width="1252" height="465"></p> 
<h2 id="may-data-for-solana">May Data for Solana</h2> 
<p style="text-align: justify">According to the latest data, <strong>Solana’s</strong> price increased by over 6%, trading around $134.54 at the end of May 1. It closed May with an insignificant drop of approximately 0.8%. However, Solana is currently trading at $153, influenced by its recent upward momentum. This level is below the short moving average that served as support in past periods for the cryptocurrency.</p> 
<p style="text-align: justify">The mentioned upward momentum in Solana was not quite similar to the previous month. On the other hand, the leading smart contract platform <strong>Ethereum</strong> started May with a 1% drop but managed to increase its price by 19.23% towards the end of the month, influenced by ETF approvals. With this percentage, Ethereum traded at $3,760 at the end of the month.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-notice-smart-contract-platforms-rising-in-cryptocurrency-markets/" data-wpel-link="internal">Investors Notice Smart Contract Platforms Rising in Cryptocurrency Markets</a></h5>

Investors Notice Smart Contract Platforms Rising in Cryptocurrency Markets

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