Solana’s SOL token led gains for crypto investors as the broader market remained flat on Thursday following strong momentum from earlier this week. By shauryamalwa
Solana’s SOL token led gains for crypto investors as the broader market remained flat on Thursday following strong momentum from earlier this week.
Ether remained flat at the $3,400 mark alongside binance coins and XRP. Avalanche’s AVAX token rose 7% as its first-ever developer and community conferenceCrypto markets added 0.7% in the past 24 hours with strong growth in cryptocurrencies with a market capitalization between $1 billion and $5 billion. Zilliqa's ZIL tokens surged 20%, growing 289% since last week, while IOST surged as much as 40%.
SOL lead gains among majors jumping 14% to $127 in the past 24 hours, a two-month high, near resistance at $130. Growth came as non-fungible token marketplace OpenSea – the biggest NFT marketplace by volume – said it would support Solana-based NFTs on its platform from April onward.Bitcoin held above the $47,000 mark as blockchain entity Luna Foundation Group continued to bid on the asset. LFG seeks to purchase over $10 billion in bitcoin as a reserve for Terra’s UST stablecoin.
. The decline in U.S. stocks on Wednesday after four days of growth also did not contribute to the positive dynamics, he added.Futures on U.S. indices suggested mixed sentiment among traders ahead of Thursday’s open. Dow Jones dipped 0.04%, while technology-heavy Nasdaq rose 0.28%. Elsewhere, gold lost 0.23%, while crude oil dipped as much as 6%.
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