Solana’s SOL has jumped 14% to trade at $127 in the past day, the highest level in two months amid a bullish momentum in the crypto sector.
The cryptocurrency market has increased by 0.7% in the past day, with most gains recorded in cryptocurrencies having a market capitalization between $1 billion and $5 billion.
Zilliqa’s token ZIL jumped 20% in the same period, with the weekly gains recorded at 289%. IOST rose as much as 40% in the same period.
Ethereum’s ether has maintained its price at around $3,400 together with Binance Coin and XRP. Avalanche’s AVAX has jumped 7% ahead of the upcoming community conference.
FxPro market analyst, Alex Kuptsikevich, says that there is an increasing interest in purchasing stablecoins by investors, indicating a potential bullish momentum in the near term.