Solana And Avalanche Poised For Gains As Crypto Market Enjoys New Tailwinds

Over the past several days, the market has been favorable for cryptocurrencies, which has given them a significant boost. Two of the currencies that have seen a considerable increase over the past seven days are Solana (SOL) and Avalanche (AVAX). Investors are also optimistic as a result of the cryptocurrency market’s recent growth trends. According to CoinGecko data, SOL is currently trading at $45.04 and has experienced a significant 7-day rise of 37.2 %. While it is still down 82% from its peak of $259.96 on November 6, 2021, approximately nine months ago. Related Reading | An Interview with Ben Caselin on AAX- Lightning Network Integration and TARO Protocol Implementation With a spectacular rise of 49.4% over the past seven days, AVAX excelled. As a result, its current price, $25.29, has increased by 5.8% during the last 24 hours. It is also 82% below its ATM of $144.96 on November 21, 2021, which was eight months ago. The Crypto Market Shows Signs Of Recovery “Crypto winter” is without a doubt the phrase that every crypto trader is uttering right now. After reaching a high of $3 trillion in 2021, the market capitalization of cryptocurrencies had a sharp decline, down to $1 trillion, a loss of around $2 trillion. In the history of cryptocurrency, there have been a number of well-known bear markets. Still, the one in 2022 is particularly noteworthy due to the extreme testing of decentralized financial...