Following Wednesday’s rollercoaster trading, which has seen bitcoin fall below $20,000 and altcoins collapse, crypto-assets calmed and recovered position today.
However, in the previous 24 hours, the worldwide crypto market cap grew 0.05% to $899.78 billion. Around the same timespan, however, total crypto market volume fell 5.85% to $66.53 billion.
Solana To Surpass Other Currencies
According to a well-known crypto expert, Solana (SOL) will outperform other digital currencies in the present phase.
Altcoin Sherpa, an anonymous analyst, warns his 178,800 Twitter followers that the renowned smart contract ecosystem might surpass various altcoins based on Bitcoin’s price fluctuations (BTC).
As per Altcoin Sherpa, he doesn’t really seem to be sure how far Solana could reach, but he anticipates obstacles around roughly $40. He believes SOL Price could fall if this one reaches $50. The smart contract network is now selling at $40.89 at the time of posting.
Decentraland (MANA) is the next cryptocurrency on which Altcoin Sherpa is positive. According to the expert, the virtual reality system is on the comeback after reaching rock bottom.
MANA is presently worth $0.92, up from the bottom of $0.74 in June.
He also reveals his prediction for ApeCoin (APE), one more metaverse token. He believes the cryptocurrency established for the non-fungible token (NFT) community of the Bored Ape Yacht Club might revert to the negative at $6. The current value of APE is $4.54.
In terms of Bitcoin, the expert predicts a “high time period negative marketplace.” At the time of this post, BTC is worth $21,284.
