Seeking Alpha
2022-03-31 19:18:48

Solana tokens outpace Bitcoin, Ether, other major cryptos in risk-off day

Solana (SOL-USD) tokens on Thursday are gaining the most among the top 20 largest cryptocurrencies by market cap, including Bitcoin (BTC-USD) and Ethereum (ETH-USD). It seems that bullish momentum is helping the proof-of-stake crypto outperform peers, with SOL tokens up more than 2% Thursday afternoon and +27% in the past five sessions. Meanwhile, ether (ETH-USD), the largest rival of SOL, coins rose a mere 6% in the same time frame and bitcoin (BTC-USD) +3.3%. Recall non-fungible token marketplace OpenSea recently hinted at supporting Solana (SOL-USD) NFT's on its exchange. See why SA contributor Mike Fay believes that the OpenSea integration is "potentially a big deal." Note that Solana (SOL-USD) is an open-source blockchain that supports NFTs as well as a slew of decentralized applications. As for the two largest cryptos in the digital asset ecosystem, bitcoin (BTC-USD -2.7%) is slipping to $45.9K intraday, and ether (ETH-USD -2.8%) is drifting down to $3.3K amid a broad risk-off day. Also,

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