by Analytics Insight
February 4, 2022
Solana is experiencing a bullish market in the highly volatile cryptocurrency market
The crypto market got a breather by the end yesterday, and today, most cryptocurrencies have recovered from the plunge experienced in the past 2 days. But the market looks bullish, with most of the cryptocurrencies already green today. However, the gains vary from one coin to the other, with Solana, Bitgert, and Centcex exhibiting bullish growth. Here is a breakdown of how these cryptocurrencies are performing:
The performance of Bitgert has been impressive today. The coin is not just doing well in price gain but has also been trending #5 on Coinmarketcap at the time of this writing, after Solana. Bitgert has been in the green with a 6% gain, which is an impressive performance. This is at a time when most of the big cryptocurrencies like Matic and Cardano were just stable.
Bitgert recently announced the start of the gasless blockchain testnet development, the coming of the Bitgert metaverse product, and many other exciting developments. The soon-to-be-launched is Brise CEX. There is no doubt that Bitgert will be one of the products to watch in 2022.
With the market going green and looking to go bullish the rest of the day, Centcex has been of the biggest gainers. The Centcex coin is exhibiting excellent performance this morning and could be one of the biggest gainers. One of the things that make Centcex appeal to many investors despite the project being 2 months old at the time of this writing.
The unlimited number of blockchain products the team is developing for the website, plus the 100% APY staking reward, are some of the reasons Centcex is doing well. The Centcex exchange development is almost complete. These are the reasons why Centcex has been doing well in the market recently.
One of the biggest gainers in the market today is Solana. Solana was posting an 11% gain at the time of this writing. This is the biggest gainer for all the top 20 cryptocurrencies in the market today. The price seems to be rising fast, which is good news for the investors. There are a number of things that have led to the bullish performance of Solana.
The recent launch of the Solana Riptide Hackathon has been one of the reasons more investors are buying the token today. It is expected that a lot of products will be joining the Solana network. This means more staking rewards and growth of Solana coin value.
With the launch of the MWEB protocol upgrade, Litecoin has been one of the most talked-about projects. The upgrade is going to make the network more secure while at the same time increasing the scalability and fungibility of Litecoin. This means Litecoin will be a more powerful network that will allow more transactions per second.
There is a growing number of merchants accepting LTC as payment for goods and services. For those who have been following Litecoin, there has been a lot of celebrity endorsement lately. These are factors that make Litecoin perform well in the market lately.
The performance of Cardano this morning also looks good, but it is lagging far behind Solana and Bitgert. However, Cardano is one of the coins in green, trading $1.06 at the time of this writing. Despite the bullish market, the Cardano team has also been working to make the network better for users.
From the smart contract protocols to the wallet, the team has been upgrading the system to make it more efficient. There is also the widely anticipated scaling protocol upgrade has also been key in the Cardano performance. With the market still appearing bullish, Cardano might be one of the best performers.
The recent plunge had seen the Matic price drop by a huge percentage. But with the bullish market, Matic has managed to recover and is currently doing well and very stable. At the time of this writing, Matic was posting a 6% increment in green, making it one of the best performers in today’s market.
But the volume of Matic traded in the past 24 hours has been dropping, which means the number of transactions is dropping. There is a lot happening at the Polygon network, with most products such as the Polygon Studios recording developments that are making Matic stronger.
The Avalanche coin is doing very well in the market today, having recovered from the previous plunge very well. Avalanche is recording a whopping 9% on Coinmarketcap.com as of this writing. This is one big performance for them Avalanche coin and has been driven by a number of factors.
Of course, the growing demand for the Avalanche network has been of the drivers of this bullish performance. There are more projects coming on the network, which is making the cryptocurrency stronger in the market. The improvement on the Avalanche scaling is another reason more investors are buying AVAX in anticipation of better prices.
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