Crypto Market Begins to Rise, Solana and Shiba Inu Lead Price Increase

The crypto market started to bounce on Monday (21/2), after tumbling over the weekend. Solana and Shiba Inu are leading the rise in cryptocurrency prices.

Read: Besides Kyiv, These Three Cities in Ukraine Are Predicted to Be Targeted by Russia!

Referring to CoinMarketCap data on Monday (21/2) at 15:10 WIB, Solana's price was perched at US$ 95.56 or jumped 9.63% in the last 24 hours.

Also soaring were Terra climbing 8.23% in the last 24 hours to $52.20 and Shiba Inu climbing 6.64% to 0.0002739.

Joe DiPasquale, CEO of BitBull Capital, noted, Solana was the only altcoin alternative cryptocurrency among the top 20 by market cap which rose over the weekend.

“Which reflects some of the strength of investors due to being a Proof of Stake protocol,” he said, as quoted by CoinDesk.

However, DiPasquale said the gains were "just a price recovery" as Solana has fallen more sharply than Bitcoin and other altcoins.

Read: Bill Gates: Severe Disease due to COVID Drops Sharply, World Will Experience Another

“While Bitcoin was mostly flat for February, Solana is still down. So, her recovery has only brought her closer to gain and loss parity for other crypto assets,” he said.

Subscribe Daily Post or Follow Google News to update information quickly, Thank you..!!