- Polkadot was trading at $ 46.86 last night.
- Solana was also able to top its all-time high over the weekend.
- Both cryptocurrencies continue to show an extremely strong performance.
Bitcoin took a little breather this week. BTC touched the $ 60,000 briefly, but there wasn’t much more exciting. In a phase of low price fluctuations in the key currency of the crypto market, the altcoins are often particularly strong and this picture was confirmed again this week.
The development of Polkadot and Solana was particularly interesting. Both were able to top their previous all-time high yesterday. On the one hand, the fact that the overall market is still extremely bullish and the high expectations of the two ecosystems that each project wants to set up on its own helped.
For Solana, it’s about creating a decentralized ecosystem that can compete with Ethereum and give its users advantages. The core is the Sollet Wallet, which works in the browser or as a browser extension.
This allows users to access serum, which, in addition to a DEX, also gives them the option of doing liquidity mining. The term “Ethereum Killer” has been widely used over the years, but the intention is to deliver a better product than the market leader.
The involvement of “SBF”, head of the FTX exchange, is very helpful to Solana and has a positive effect on marketing. Over the weekend, the SOL rate rose to $ 23.70 after only breaking out in late March.
Polkadot will probably take a while longer to show results. On the other hand, the goals are also much larger than Solana’s and also involve a lot more companies that want to use Polkadot as a foundation.
In addition, it was announced the day before yesterday that Chainlink is now making its oracles available across the Polkadot ecosystem. Basically, it should now be particularly easy to link the smart contracts on Polkadot with Chainlink.
This seems to please the market and so the DOT broke the resistance at $ 40 on April 2nd and hit an all-time high of around $ 47 yesterday. This means that DOT remains bullish because once the ecosystem fully unfolds and life develops, then demand for DOT is likely to increase as well.
P.S. You Can Support me For Free Through ALL of these Links and earn some Crypto/Money Yourself! https://allmylinks.com/zealdorn
Disclaimer: These lines are not a substitute for investment advice, investments in the crypto market are made at your own risk. Invest only as much as you are willing to lose. I get commissions for purchases made through links in this post.