In the final week, prime cryptocurrencies Solana (SOL), Ebook of Meme (BOME), and Sui (SUI) noticed notable value shifts because the risky cryptocurrency market reached a peak of $1.71 trillion earlier than dropping to $1.54 trillion.
Solana up 32%
Solana recorded a powerful value surge final Monday, rallying 20.78% from March 11 to 14 amid 4 consecutive days of features.
It surged to an excessive of $178 on March 14 earlier than going through a gentle retracement. This retracement spilled into the following day, with the asset dropping to $164.
Nonetheless, the cryptocurrency initiated a full-blown restoration to finish March 15 above the $183 value territory, securing a spot among the many prime gainers.
Solana continued to achieve larger heights amid sustained bullish momentum however witnessed a drop on March 16, ending the day with a gentle 1.03% loss.
The asset recovered the losses of March 16 the next day regardless of the persistent market drawdown which noticed Bitcoin collapse beneath $65,000.
Solana is up 32% heading into this week, altering arms at $192 on the reporting time because it appears to be likely to get better at the much-coveted $200 psychological threshold.
BOME surges 29,900%
The lately launched Solana-based meme coin Ebook of Meme rode on a surge of curiosity to document the most important weekly rally the market has witnessed in an extended whereas.
Information from CoinGecko signifies that BOME modified arms at $0.00005880 on March 14, the day it started buying and selling.
The meme coin rapidly garnered consideration from market members, leveraging the constructive sentiments surrounding the Solana meme coin market. Amid the market curiosity, BOME capitalized on a surge in demand to skyrocket 9,814% to an excessive of $0.00583 on March 15 earlier than witnessing a retracement.
As reported by crypto. information, information means that the meme coin’s profitable pre-sale contributed to its meteoric surge. Its social presence noticed a spike when Binance introduced on March 16 that it plans to checklist the asset.
Bybit additionally disclosed comparable plans.
BOME rallied to an excessive of $0.02703 on March 16, as buyers pushed to journey on the uptrend. This value marked a large 39,000 surge from its earliest buying and selling value of $0.000005880, resulting in a rise in its market cap.
This surge resulted in BOME securing a spot among the many prime 100 belongings.
Regardless of a collapse from the $0.02703 shortly after the Binance itemizing, BOME nonetheless holds up properly above the $0.017 value territory. The crypto asset is up 29,900% from the $0.00005880 value recorded on March 14, with a present market cap of $978 million.
SUI holds above $1.50
Sui didn’t carry out in addition to Solana and BOME this week, but it surely held up fairly properly towards the shenanigans of the bears.
The asset started the week sturdy, rallying 9% from $1.5552 on March 11 to an excessive of $1.6970 on March 13, because the broader market recorded an upsurge.
Nonetheless, Sui noticed two days of intense bearish motion, collapsing 8% on March 14 and 15. Sui ultimately dropped beneath the pivotal $1.50 value territory, slumping to a 10-day low of $1.3396 on March 15.
Nonetheless, a restoration marketing campaign stationed by the bears helped the cryptocurrency reclaim the $1.50 value territory, permitting it to soar to a brand new weekly excessive of $1.7200. This restoration push was short-lived, as Sui confronted one other value drop triggered by the bears.
Regardless of the newest bearish motion, the crypto asset has held above the $1.50 territory, as a drop beneath this stage might result in steeper value declines.
Sui is down 1.71% for the week.