• The cryptocurrency market has seen a 7.50% increase in the last 24 hours, reaching a total capitalization of $974.43 billion.
• SOL, MEMAG, COMP, FGHT, ADA, CCHG, COMP, RIA, and AVAX are the best alternative currencies to buy right now.
• Solana (SOL) recently reached a significant milestone with the addition of Firedancer as an independent validator client.
The cryptocurrency market has been on the rise lately, with values increasing over the past 24-hours. In fact, the market capitalization has reached a total of $974.43 billion, representing a 7.50% increase from the previous day. This has been attributed to the recent improvements in US inflation data and signs of economic growth in Europe, which has raised hopes that the worst of the world economy’s downturns in 2022 may be over.
For those looking to invest in cryptocurrencies and earn long-term returns, there are a few coins that stand out amongst the rest. These coins include SOL, MEMAG, COMP, FGHT, ADA, CCHG, COMP, RIA, and AVAX.
Solana (SOL) is one of the top cryptocurrencies to watch out for in 2021. SOL/USD is currently trading at $22.20, with a 24-hour trading volume of $2 billion and a current market capitalization of $8 billion. The coin recently reached a significant milestone, as the ecosystem welcomed Firedancer as a new validator. This new approach will improve block production efficiency by reducing congestion in Solana’s parallel VM, and users can now control their validators using one of two Firedancer software components with independent dependencies. As it stands, the SOL/USD pair has completed a 50% Fibonacci retracement at $23.65 and closing candles below this level suggest that the bullish trend is tiring. However, if SOL fails to break through the $23.65 resistance level, it may experience a brief pullback.
Overall, cryptocurrency investors can take advantage of the current market conditions by investing in SOL, MEMAG, COMP, FGHT, ADA, CCHG, COMP, RIA, and AVAX. These coins are expected to provide long-term returns, and with the addition of Firedancer as a validator in Solana’s ecosystem, the coin is expected to reach new heights. Investors should keep an eye on SOL/USD as it attempts to break through the $23.65 resistance level.