Solana’s Price Trend
– SOL’s price has risen 7% in the past week and 17% in the past month.
– This is a better performance than Bitcoin, which only increased by 1.3% in the past week and decreased by 2% in the past month.
– SOL is recovering from past losses and has a cumulative annual performance of +143% so far.
– However, it is still -90% from its all-time highs.
Chainlink’s Price Trend
– Chainlink’s token, LINK, has recovered 5% in the past week and 24% in the past month.
– Its current value is only 35% higher than at the beginning of the year.
– LINK’s price fell sharply after reaching its annual high in mid-April.
– It is currently trading at -85% from its all-time highs.
Elrond’s Price Trend
– EGLD cryptocurrency was renamed to MultiversX.
– Its market capitalization has fallen below $800 million.
– In the past seven days, EGLD has lost 2% and in the past month, it has lost 14%.
– It has accumulated a 7% loss in 2023 so far.
– The current price is -94% from its all-time highs.
Hot Take
Solana has shown a stronger recovery compared to Bitcoin, while Chainlink and Elrond/MultiversX have struggled to regain their value. Solana’s performance has been impressive, but it still has a long way to go to reach its all-time highs. Chainlink has also faced challenges due to regulatory issues, and Elrond/MultiversX is currently experiencing a bear market. It remains uncertain how far their prices will continue to decline.
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