Summer of Solana in full effect as SOL flips Dogecoin, Star Atlas soars at launch




Solana has just flipped Dogecoin, as the high-speed blockchain backed by Sam Bankman-Fried surges to new heights.

Solana tokens were trading for US$133.80 at lunchtime Sydney time, and had hit a fresh all-time high of $134.08 earlier this morning.

Its market cap of US$38.7 billion had edged Dogecoin’s US$38.3 billion as the No. 7 crypto. The meme token was trading down 4.0 per cent to US29.2c.

Solana’s gains came even as the larger crypto market pulled back modestly, falling 1.4 per cent to US$2.19 trillion. Bitcoin was down 2.2 per cent to US$48,710, having been able to sustain its move over $50,000 for only a few hours yesterday.

Ethereum was down 0.4 per cent to $3,764, and Cardano had dipped 1.5 per cent to US$2.93 after moving over $3 for the first time yesterday.

Iota was the biggest gainer among the top 100 coins, rising 31 per cent to a three-month high of US$1.56. Solana was second with its 19.4 per cent gains, followed by Holo.

On the flipside, derivatives exchange platform Perpetual Protocol was the biggest loser, declining 10.8 per cent after a strong run that has moved it into the top 100. PERP tokens were trading at $18.69, making it the No. 89 crypto.

crypto market

Coingecko

 

Massive gains for Star Atlas tokens

Tokens from the hotly anticipated, Animoca Brands-backed sci-fi metaverse game Star Atlas began trading last night — with huge gains for those lucky enough to bag one during their initial exchange offerings.

The ATLAS token, offered at 0.138c during its token offering a few days ago, was trading at 7.9c.

The Star Atlas DAO (POLIS) token, offered for US13.8c during the token sale, was trading for US$6.67

That’s roughly 48-fold gains for POLIS and 57-fold for ATLAS.

Tokenholders were limited to fairly small purchases during the coin offering, with a lottery system determining who could buy in.

The play-to-earn game is being built on Solana, featuring graphics from the Unreal 3D graphics engine used in many movies and bestselling videogames.

You might be interested in















Read Full Article

spot_imgspot_imgspot_img

Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here

spot_imgspot_img