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The expected rise in cryptocurrencies following the halving does not seem to have materialized as expected. The market was disrupted by a downturn until the Fed’s decision, followed by a minor recovery. As Bitcoin‘s price returned above $59,000, focus shifted to notable altcoins in March like SOL, CHZ, and FLOKI. What is the current status of these altcoins as the new day begins?
Solana Coin Commentary
Since its emergence, Solana (SOL), also known as the “Ethereum killer,” seems to be finding its way today.
About 1.5 months ago, SOL reached a historic peak, rising above $200, and although it later declined, it appears to be opening the door to a hopeful day for its investors.
As of the last 24 hours, SOL has seen an increase of over 8%, trading at $140. The similarly increased market cap is now at $62.8 billion, placing it just behind BNB in the rankings.
However, the 24-hour trading volume for SOL has seen a 20% decrease, falling to $3.3 billion. This could reflect a lack of buyers or sellers unwilling to sell at these levels.
How Much is Chiliz Coin?
CHZ, known for its sponsorship deals, is among the leading defiant cryptocurrencies in the market. Today, CHZ rose 6% to $0.1198.
This price increase also impacted the market cap, bringing CHZ back above the $1 billion mark. On the other hand, CHZ’s 24-hour trading volume dropped by 42% to around $60 million, indicating a sharp decline in investor interest.
A potential bull market in the future and sponsorship deals by Chiliz could lead to ecosystem growth and possibly a return to its past ATH.
Floki Coin Price Outlook
Lastly, looking at FLOKI, which made headlines in March 2024, it started the day with an 11% increase in the last 24 hours, reaching $0.0001703.
It’s important to remember that FLOKI has increased by 431% over the last year, outperforming many other cryptocurrencies. However, its price has dropped by 7% over the past week.
The rise in FLOKI’s price has boosted its market cap to $1.6 billion, highlighting the ongoing surge of meme coins. Unlike its competitors, FLOKI also saw an increase in its 24-hour trading volume, which rose by 1% to over $208 million, reaffirming investor interest.
