These solana Coins Explode Overnight: Here’s Why
TL;DR
- Some Solana coins are experiencing significant increases in market value.
- These tokens attracted the attention of major crypto exchanges and likely played a role in the rise.
- Positive market trends and the rise of Solana (SOL) are also mentioned as possible factors behind the price rise.
Some of the best performing cryptocurrencies today (January 9) include Solana coins Bonk Inu (BONK), Jito (JTO), and dogwifhat (WIF).
BONK increased by nearly 30% in the last 24 hours (according to CoinGecko’s data), while its market capitalization exceeded $800 million. JTO experienced a more modest increase of 6%.
One of the factors that play a role in the positive performance of these tokens may be OKX’s decision. list On spot trading markets on January 8.
Other leading crypto exchanges including Coinbase and binance also embraced BONK some time ago increased its value to an all-time high price in December.
Despite not being on OKX’s list, the latest sensation in the crypto market, dogwifhat (WIF), is still doing well today. Memecoin is currently trading around $0.13, representing a massive 88% increase over the last 24 hours.
WIF Price, Source: CoinGecko
Market Rising Status
Another factor that triggered the price increase for BONK, JTO and WIF could be the general green wave in the cryptocurrency market. Remember a few hours ago, Bitcoin exceeded The $47,000 level for the first time since the spring of 2022 is driven by emerging expectations that a spot BTC ETF will potentially see the light of day in the US in the coming days.
Last but not least, the rise of Solana cryptocurrencies can be attributed to the rise of SOL. The latter has surged over 12% in the last 24 hours, breaking the $100 mark once again.
According to some experts, including Ali, who uses the handle X, SOL “shows signs of forming a bull flag.” Analyst suggested Breaking the $110 resistance tag could be the catalyst for an additional pump towards $163.
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