Solana

2024

Bitcoin

Avalanche

Gains

<p>The post <a href="https://coinpedia.org/news/top-gainer-crypto-solana-and-avalanche-see-major-gains-amid-market-recovery/" rel="noopener noreferrer nofollow">Top Gainer Crypto Solana and Avalanche See Major Gains Amid Market Recovery&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the crypto market recovering from its recent fall, most cryptocurrencies are trading in the green, with Bitcoin showing a 1.8% increase. This comes after several negative trading days that significantly impacted the market. Among the top gainers are Solana and Avalanche, with Solana surging by 9.3% and Avalanche by 8% seen in the last 24 hours.</p>
<h2 class="wp-block-heading" id="h-solana-s-impressive-gains">Solana’s Impressive Gains</h2>
<p>According to a report from market intelligence platform Santiment, these two cryptocurrencies are breaking out, but their rallies are driven by different market dynamics.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"> Solana and Avalanche are both seeing nice gains as crypto rebounds.<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> SOL's rally is being accompanied by traders FOMO'ing in, meaning the rally is less likely to continue<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> AVAX's rally is being mostly ignored by the crowd, meaning the rally is more likely to continue <a href="https://t.co/nB6dlM87Qb" rel="noopener noreferrer nofollow">pic.twitter.com/nB6dlM87Qb</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1806364089159196886?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 27, 2024</a>
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<p>Solana is soaring above following an ETF application <a href="https://coinpedia.org/news/solana-etf-coming-soon-3iq-files-for-solana-etp-on-the-toronto-stock-exchange/" rel="noopener noreferrer nofollow">filed by asset manager VanEck</a> to the Securities and Exchange Commission (SEC). This news has attracted much attention, with many traders jumping in out of fear of missing out (FOMO). This surge of traders might indicate a less stable rally since rapid, emotion-driven investments can lead to quick sell-offs if the market changes.</p>
<p>In the last 24 hours, Solana’s price has gained traction, with holders anticipating a surge past the $150 resistance level. As of now, <a href="https://markets.coinpedia.org/solana/" rel="noopener noreferrer nofollow">Solana is trading at $148.3</a>, a 9.3% surge, while the weekly surge of 10.5%.&nbsp;</p>
<h2 class="wp-block-heading" id="h-avalanche-s-long-term-profit-potential">Avalanche’s Long-Term Profit Potential</h2>
<p>Avalanche is also enjoying a significant price increase, rising by 8% in a single day. Unlike Solana, the <a href="https://coinpedia.org/news/why-ethereum-killer-avalanche-avax-price-will-explode-in-upcoming-bull-run/" rel="noopener noreferrer nofollow">avalanche’s rise is going</a> mostly unnoticed by the crowd, with fewer traders reacting impulsively.&nbsp;</p>
<p>Santiment suggests this quieter approach might mean a more sustainable rally. This quieter approach might indicate a more stable and sustainable upward trend for Avalanche.</p>
<p>Avalanche (AVAX) has been stuck between $21 and $25 for weeks without breaking out. Currently, AVAX is <a href="https://markets.coinpedia.org/avalanche/" rel="noopener noreferrer nofollow">trading at $28</a>, reflecting a surge of 8% with a market cap of $13.37 billion. Despite being a top 15 cryptocurrency, AVAX has struggled to move beyond this price range. However, recent chart signals now hint at a potential rise towards $40.</p>

Top Gainer Crypto Solana and Avalanche See Major Gains Amid Market Recovery

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