In the world of cryptocurrencies, the last two days have been a period of consecutive events. Before the FED interest rate decision, fear gripped the entire market, and during this time, BTC price fell to the level of 66,000 dollars. Subsequently, the emergence of low inflation data revitalized the market, and the market, led by BTC, started to rise. During this period, BTC rose to 69,900 dollars. However, things changed after the FED decision. Although the FED interest rate decision was announced as unchanged, the BTC price fell back to 68,000 dollars. So, which altcoins showed volume against BTC’s decline?
Uniswap (UNI) Rises
The local token of Uniswap, which has been at the top of decentralized exchanges for a long time, UNI, exhibited a price movement contrary to the market. Contrary to Bitcoin’s decline, UNI price is trading at 10.05 dollars after a 11.66% rise in the last 24 hours.
On a weekly view, it should be noted that UNI still has a negative outlook of 10%, as Uniswap had attracted attention with a major announcement last week.
It was seen that UNI had made significant price movements in the past based on announcements. In the future, UNI may move towards its ATH of 44.97 dollars again.
Chainlink (LINK) Price
A positive outlook was also noticeable on the LINK side. Contrary to the crypto world like UNI, LINK is finding buyers at 15.99 dollars after a 6.75% rise in the last 24 hours. During this period, LINK’s market value exceeded 9.388 billion dollars, while its 24-hour trading volume was 449 million dollars.
Similar to UNI, the weekly outlook on the LINK side also showed a nearly 10% decline. Despite the 9.86% rise in the last seven days, the monthly outlook still reflected a 19% rise.
Solana (SOL) Comments
One of the most talked-about altcoins in the crypto world, Solana, drew attention with a 3.65% increase following recent market movements. As of the time of writing, SOL price is trading at 154.83 dollars.
During this period, SOL’s market value surpassed 71.460 billion dollars, while its 24-hour trading volume was also noteworthy. Solana’s 24-hour trading volume is at the level of 2.850 billion dollars.
In the coming periods of the year, it is talked about that SOL may continue to rise and leave the market behind, similar to what happened in the first quarter of the same year, influenced by the meme coins emerging on the Solana network.
On the other hand, opinions are increasingly being shared that Solana (SOL) is close to an ETF after Bitcoin and Ethereum, which could be one of the factors that could carry the altcoin forward.
