Alex Dovbnya
The current focus is Solana (SOL), which has seen a notable increase of 4.9% in the last 24 hours
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Contents
- Bitcoin’s bullish month
- SHIB is on the verge of falling out of the top 20
Some of the leading altcoins are seeing some green light this Sunday. Solana (SOL) is at the top with a price jump of 5%. The total market capitalization of the crypto market currently stands at $1.1 trillion, data from CoinGecko shows.
Bitcoin’s bullish month
Historically, October has been a fruitful month for Bitcoin, gaining an average of 12% for the month.
This periodic trend in Bitcoin’s performance has led analysts to believe that the flagship cryptocurrency could be poised for a rally.
On the first day of October, Bitcoin showed some resilience with a slight increase of 0.6% to reach $27,114.
The cryptocurrency retains its whopping $528 billion market cap. However, it is still more than 60% below its peak.
SHIB is on the verge of falling out of the top 20
Meanwhile, Shiba Inu (SHIB) is skating on thin ice, despite a slight 1.2% increase in the last 24 hours that pushed its price to $0.00000742.
Despite this slight recovery, it is on the verge of falling out of the top 20 cryptocurrencies with a market cap of $4.35.
This stagnant performance is due to the mainnet launch of the Shibarium Layer 2 solution struggling to gain traction with a tiny 20,000 transactions per day.
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