Solana continues to plummet as Bitcoin, Ethereum and others rise with the market

Sep 16, 2021

By: BI India Bureau

The crypto market is up by 3.63 percent on September 16

The global market cap is $2.2 trillion

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While Bitcoin, Ethereum and other top cryptocurrencies are rising along with the market…

...Solana is the only outlier among the top 10 to be shedding its value

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The cryptocurrency is currently worth $159.46

And, continues to witness sharp volatility after the network went down due a flood of transactions on September 15

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Bitcoin is up by 2.93 percent, crossing the $48,000 barrier

Currently priced at $48,349, Bitcoin bulls are hoping to hit $50,000

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The average age of the Bitcoin being spent is falling again

Long time HODLers are sitting tight, most likely expecting more upside

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However, some are warning that this could just be whales gearing up to pump and dump

Analysis firm Santiment has warned that over 60,000 coins have been accumulated in the last three days

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The surge has been helped Ark Invest CEO Cathie Wood who sees Bitcoin rising tenfold in the next five years

Speaking at the SALT conference, she said that Bitcoin is the default currency of the crypto space and legacy finance companies are jumping on the bandwagon

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Ether is valued at $3,543, up by 7.37 percent in the last 24 hours

The bulls are edging for the $4,000 mark, while the bears are trying to pull it down to $3,000

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Cardano, the third biggest cryptocurrency in the market, is up by 4.11 percent

Priced at $2.48, it’s market cap is almost back up to $80 billion

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Binance Coin is also up by more than 4 percent, trading at $432.41

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Ripple’s XRP is struggling to keep its ground amid the tussle with the SEC in the US

The cryptocurrency is at $1.12, up by 3.36 percent in the last 24 hours

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Polkadot, the interoperable blockchain, is down by 2.29 percent

The cryptocurrency is currently trading at $36.03

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The meme-based Dogecoin is up by 2.31 percent at a price of $0.2457

After Solana and Polkadot’s jump in market capitalisation, it is now the ninth largest cryptocurrency in the market

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Disclaimer

These are top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of September 16, 11 am IST and may change over the course of the day

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