$96,502.00
-1.94%$3,343.64
-4.84%$2.22
-5.62%$658.67
-4.56%$182.12
-8.24%$0.314039
-9.01%$1.001
0.11%$3,337.09
-4.79%$0.893221
-8.60%$0.245049
-3.31%$37.41
-9.67%$3,939.69
-5.35%$22.05
-8.58%$5.31
-5.62%$4.42
-8.70%$96,138.00
-2.06%$0.00002152
-8.54%$32.80
-2.71%$0.353073
-8.46%$6.97
-8.75%$0.252301
-9.58%$3,344.01
-4.89%$450.38
-3.41%$9.31
0.22%$13.69
-6.94%$99.58
-5.29%$0.00001736
-7.64%$3,509.83
-5.25%$4.98
-10.45%$0.999971
0.03%$4.15
-11.17%$0.996621
-0.36%$9.30
-15.07%$9.98
-9.49%$297.95
-11.54%$0.1559
-7.38%$0.473115
-8.36%$25.97
-7.51%$1.14
-13.64%$0.04524144
-9.85%$7.07
-9.82%$24.32
-0.65%$189.98
-0.81%$3.57
-7.37%$452.64
-9.41%$1.26
-10.22%$0.744145
-10.18%$1.027
-13.69%$4.90
-8.69%$0.117125
-7.50%$0.325339
-12.07%$45.00
-4.72%$0.962032
-10.79%$6.51
-9.54%$1.64
-11.14%$2.43
-11.73%$1.75
-11.07%$1.64
-12.78%$0.00003088
-10.32%$5.00
-9.45%$1.32
-12.30%$2.17
-7.06%$3,328.59
-5.60%$96,488.00
-1.94%$0.892374
-10.39%$20.48
-10.60%$0.205456
-9.70%$1.88
-14.29%$0.4214
-9.54%$2.21
-9.94%$1.002
0.42%$3,443.05
-5.06%$4.93
-9.79%$3,738.64
-5.02%$0.02671558
-15.02%$12.82
-4.62%$20.13
6.35%$0.00016614
-10.74%$0.03261169
-9.33%$107.16
-9.63%$3,519.38
-4.82%$1.71
-5.78%$96,473.00
-1.60%$0.02690466
-5.60%$0.03488481
-12.93%$1,624.06
-6.16%$3.31
-0.61%$1.001
0.09%$0.02654865
-10.74%$0.56005
-9.96%$11.15
-2.44%$1.34
-4.66%$0.360165
-9.67%$1.27
-11.25%$0.220176
-9.25%$95,941.00
-2.19%$4.33
-9.30%$0.126195
-10.73%$3,436.83
-4.86%$0.786331
-10.68%$6.76
-8.64%$186.42
-7.87%$0.0783
-0.63%$34.02
-10.58%$0.706812
-8.41%$0.813061
-11.35%$1.51
-10.13%$0.475837
-8.19%$0.0000011
-2.37%$53.23
-7.15%$0.930687
-6.88%$15.68
-11.33%$0.286168
-14.47%$1.09
-6.38%$1.42
-12.22%$226.14
-8.49%$0.791548
-14.02%$13.88
-9.01%$6.15
-7.72%$33.80
-10.37%$0.473408
-8.30%$95,619.00
-1.77%$0.468965
-9.79%$96,154.00
-1.82%$3,321.83
-5.31%$52.06
-7.44%$5.00
-8.82%$1.13
-10.67%$0.00000208
-7.90%$2.92
-9.28%$3.73
-15.98%$0.782416
-11.58%$0.083499
-9.98%$3.10
-9.19%$3,341.16
-4.96%$0.999005
0.03%$0.156489
-8.73%$0.261822
-11.51%$0.649041
-18.48%$0.596175
-9.78%$3,346.28
-4.68%$80.15
-10.60%$193.87
-8.15%$0.7168
-15.17%$2.36
-9.44%$1.86
-9.57%$0.00003435
-7.18%$262.63
-5.62%$1.50
-11.26%$1.98
-10.00%$20.95
-7.93%$0.716083
-1.90%$96,334.00
-1.67%$0.00659483
-10.18%$0.00776438
-7.62%$0.742024
-6.71%$2,638.28
0.54%$0.313977
-9.19%$0.996929
0.31%$0.639699
-10.85%$0.00625206
-9.30%$1.42
-12.13%$0.170663
-12.99%$3,521.51
-4.86%$2.51
-4.51%$5.36
-11.75%$10.38
13.25%$3,613.59
-5.07%$0.00010706
-7.80%$0.01084628
-8.95%$0.00821773
-9.04%$0.00
-9.38%$1.35
0.03%$1.022
0.48%$3,334.81
-5.00%$15.08
3.15%$1.066
-6.08%$26.14
-7.79%$17.80
-9.85%$0.00608374
-8.87%$0.079911
-9.96%$0.07779
-0.00%$0.381541
-7.84%$1.00
-0.01%$0.254028
-10.95%$10.24
-9.79%$96,401.00
-1.92%$2,626.73
0.01%$1.11
-16.12%$0.00000052
-3.32%$95,782.00
-1.57%$1.20
-7.86%$0.50244
-27.91%$1.003
0.19%$3,329.89
-4.92%$30.83
-8.73%$3,339.72
-4.89%$0.01060659
-8.19%$0.48043
-2.46%$1.45
-10.17%$4.65
-7.69%$0.04785535
-10.53%$0.419087
-9.28%$96,425.00
-1.76%$1.073
0.36%$0.00605262
-8.09%$0.059622
-8.06%$3,593.72
-4.91%$0.063889
-6.80%$3,499.18
-4.48%$35.39
-11.02%$0.00615688
-9.12%$0.281315
-3.59%$26.48
-5.86%$0.00234472
-10.40%$1.96
-12.81%$0.00526635
-12.61%$0.00096958
-11.08%$1.004
0.64%$1.08
0.42%$5.19
-2.12%$0.02075087
-8.38%$88.84
-0.98%$3.04
-10.15%$1.00
0.05%$0.218573
-9.37%$0.00000313
-8.94%$0.449549
-9.71%$0.06697
-12.43%$0.202972
-10.40%$3,695.30
-4.72%$0.03750716
-5.00%$2.95
-7.63%$0.998687
-0.72%$0.66051
-7.47%$0.00000017
-8.29%$0.866025
-6.23%$3.27
-9.79%$3,341.80
-4.87%$0.03497454
-8.47%$0.01030453
-9.09%$3,519.67
-5.21%$0.34771
-8.29%$0.131776
-11.81%$2.25
-15.81%$44.01
-9.52%$0.465574
1.48%$1,934.73
-2.09%
One top coin is performing particularly well in spite of the latest crypto slump: Solana. The coin, the thirteenth-largest by market cap, is up 14% in the past 24 hours and 55% in the past week, according to data on CoinMarketCap.
In fact, the coin set an all-time high of $43 this morning. As of this writing, a single coin is worth $41.81, and the entire supply amounts to a market cap of $11.2 billion.
The rise follows several small announcements that made it easier to trade Solana, the coin that powers an eponymous high-speed, low-cost blockchain. On Wednesday, derivatives exchange dYdX listed fee-free Solana-USD perpetual derivatives contracts with up to 10x leverage (i.e. a lot).
SOL-USD and SUSHI-USD Perpetual Markets are now live on Layer 2.
Go long or short $SOL, $SUSHI.
Read the announcement here: https://t.co/N0wwnn76RP
— dYdX (@dydxprotocol) April 21, 2021
The coin, launched last March after three years of development from the Switzerland-headquartered Solana Foundation, has shot up like a rocket during this year’s bull run. At the start of the year, the coin was worth $1.6. At $41, that’s a 26x increase.
Solana spot trading boomed this week following the price rises. On Friday, trading volume hit close to $2 billion, per CoinMarketCap.
Solana’s success flies in the face of the stagnancy of the rest of the market, which suffered a horrendous crash toward the end of this week.
Starting Thursday, the market took a turn for a worse; Bitcoin fell by about 10%, from about $54,000 to lows of $48,000. Bitcoin has scrambled back slightly to its current price, $49,532.
The crash followed Joe Biden’s proposals to double capital gains taxes for the richest Americans. Crypto HODLers, a tiny proportion of whom comprise America’s economic elite, would have to pay up to 40% should they cash out of the market.
The late-week crash is the second this month.
The first crash took place last weekend. It followed a baseless rumor that the US Treasury Secretary was about to crack down on financial institutions for laundering money through cryptocurrencies, and a power outage in China’s Xinjiang province, which provides a huge amount of the Bitcoin hash rate.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
