$97,144.00
2.87%$3,327.81
7.36%$253.96
7.80%$620.10
1.30%$1.11
1.01%$0.383208
0.17%$0.999596
-0.16%$3,327.12
7.44%$0.788772
-4.80%$0.198912
1.12%$35.38
3.26%$0.00002454
1.50%$3,944.34
7.26%$96,484.00
2.38%$5.53
4.91%$3.55
-3.45%$3,328.24
7.33%$481.32
7.99%$14.89
1.24%$0.00002094
8.49%$5.79
-0.52%$8.85
4.74%$0.238076
-6.90%$5.65
1.06%$88.21
3.85%$12.04
0.41%$3,506.04
7.51%$9.20
3.59%$1.004
0.33%$0.18253
1.58%$0.121366
-1.82%$9.21
-0.87%$27.27
5.86%$7.39
-5.65%$0.150731
-5.20%$0.0000503
-3.29%$507.94
8.18%$1.002
-0.18%$0.44728
-0.28%$24.67
3.12%$1.28
-0.18%$3.29
5.15%$0.791594
15.95%$3.51
-5.07%$160.82
0.04%$1.91
2.14%$45.49
3.85%$4.49
3.55%$0.798058
9.78%$2.12
23.71%$0.0317384
-1.20%$166.10
3.41%$0.00025711
9.95%$6.29
-0.26%$24.43
1.50%$1.37
5.45%$5.37
5.92%$0.997859
-0.46%$0.219241
-5.18%$0.485698
2.33%$3,330.31
7.77%$1.42
5.88%$0.709417
4.95%$5.34
3.27%$6.16
9.17%$3,721.16
7.24%$0.207752
-4.11%$1.70
2.94%$0.596349
13.33%$0.164688
-1.84%$2.29
4.78%$3,492.36
7.55%$1.62
1.75%$97,097.00
3.01%$1.14
4.78%$96,936.00
3.17%$0.418777
1.19%$3,420.74
7.68%$1.002
1.28%$1,565.29
0.27%$1.36
-8.31%$312.20
7.39%$11.06
1.37%$66.40
-3.11%$87.02
-0.41%$9.98
1.87%$17.91
0.75%$0.02907433
2.03%$0.02194346
0.18%$1.24
8.68%$0.520257
12.12%$0.00000113
3.94%$0.701495
2.16%$96,657.00
2.84%$1.057
9.35%$3.13
0.51%$1.029
-5.13%$0.447039
-0.30%$0.01980312
-0.34%$268.77
8.31%$3,320.90
6.99%$0.00000263
24.80%$0.02068237
1.36%$5.75
0.50%$97,124.00
3.47%$0.646603
2.78%$97,023.00
3.05%$3.75
-8.47%$11.52
-1.22%$0.01031704
-1.84%$12.99
3.15%$1.29
6.17%$1.30
1.81%$5.77
3.33%$0.964001
2.92%$0.766613
-7.67%$0.00004391
-0.42%$0.147734
3.91%$5.27
4.71%$0.00202009
13.64%$1.17
6.95%$30.21
2.52%$0.342867
1.31%$1.27
2.64%$3,414.53
7.23%$257.75
8.14%$0.669416
3.43%$37.59
2.01%$0.38287
0.71%$0.00767181
6.29%$0.998654
-0.42%$0.406068
1.60%$0.00730234
2.85%$0.155871
7.88%$3,329.40
7.57%$0.01000874
5.42%$45.53
7.49%$265.66
4.43%$0.074109
1.35%$2.11
-3.09%$3,327.90
7.46%$2,666.50
0.32%$0.237587
4.41%$0.995025
-0.40%$19.33
9.22%$0.04192696
1.42%$0.718955
2.36%$0.00011017
3.89%$3,603.71
7.42%$0.01337208
5.84%$0.170735
-0.06%$1.83
7.19%$2.43
3.37%$1.29
6.09%$1.28
1.46%$0.00820935
4.27%$0.565878
-0.75%$31.69
-1.16%$0.15045
7.89%$3,333.99
7.72%$0.081984
5.66%$1.93
2.47%$0.081359
0.11%$0.999411
-0.19%$1.066
-0.43%$95,944.00
2.36%$2,680.79
0.41%$0.00153283
0.56%$0.563348
14.35%$97,204.00
3.32%$1.43
3.91%$2.76
19.79%$3,318.21
8.84%$0.251803
3.96%$0.407619
5.57%$0.00000024
2.42%$0.487938
61.71%$0.168179
5.09%$0.999319
-0.38%$0.457211
2.91%$0.514411
1.85%$96,837.00
2.94%$0.065903
0.50%$8.49
-2.71%$3,335.50
7.79%$54.06
2.05%$0.00000048
0.67%$0.488113
1.94%$0.457592
7.16%$0.066898
0.84%$3.72
-4.22%$1.06
-0.03%$3,568.40
7.33%$0.336377
3.63%$7.00
7.06%$3,328.63
7.63%$0.99968
-0.07%$0.229416
5.33%$3,468.60
6.89%$1.99
29.65%$0.00774038
2.25%$0.01329038
3.13%$3.67
5.49%$0.399071
-1.39%$3.11
13.49%$8.21
1.83%$0.98265
0.50%$0.998699
-0.68%$0.998555
0.25%$0.04265779
3.92%$96.94
-1.94%$1.062
-0.16%$0.954878
1.78%$0.04130477
19.36%$0.02041027
1.74%$3.62
10.78%$0.703262
6.37%$3,671.00
6.98%$10.61
4.51%$1,951.35
3.01%$0.00213179
4.73%$0.542396
-3.31%$0.926032
9.39%$0.680994
2.71%$0.00460602
0.10%$0.373805
69.61%$1.002
-0.19%$0.00
5.61%$97,016.00
3.09%$3,523.25
7.30%$1.68
12.00%$0.323739
8.75%$0.424489
0.12%$0.02099525
9.30%$0.358996
2.23%$0.19941
2.22%$1.37
3.28%$41.33
3.07%$0.676682
3.79%$95,594.00
2.79%$28.93
4.41%$0.00105647
14.68%$0.00596505
0.65%$4.39
2.19%$3.24
6.68%$20.94
3.26%$0.03361027
1.65%$21.21
4.32%
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.
