The crypto market continues to maintain its upward momentum, with leading cryptocurrency Bitcoin pushing above the $63,000 mark. The overall altcoin market has also shown solid performance, creating an environment where certain tokens are standing out. According to the analytics platform Santiment, three cryptocurrencies have particularly caught the attention of traders in the last 24 hours.
Santiment Highlights: 3 Cryptos Trending Now
As the Federal Reserve’s unexpected interest rate cut sent shockwaves through the markets, the crypto space began its ascent northward. Bitcoin’s strong surge above $63,000 has sparked renewed optimism. This momentum has led to a wave of green across many tokens. Among the rising stars in the last 24 hours, Bitcoin (BTC), Solana (SOL), and Mew (MEW) have made significant moves.
- Bitcoin (BTC) is working towards breaking a 25-day high.
- Solana (SOL) has drawn attention due to the upcoming release of the Solana Seeker smartphone, which has already seen 140,000 units sold.
- Mew (MEW) is trending thanks to its listing on Upbit and recent airdrop events that have excited traders.
📊 With so many crypto market caps surging in the past 24 hours, it is Bitcoin, Solana, and Mew that are standing out.
🗣️ BTC focus is primarily about surpassing a new 25-day high
🗣️ SOL focus is due to the recent launch of the Solana Seeker smartphone, already selling 140K… pic.twitter.com/41s0rQA4bb
— Santiment (@santimentfeed) September 19, 2024
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Solana’s Frankendancer Upgrade: A Major Milestone
Jump Crypto made a significant announcement at the Solana Breakpoint conference, showcasing the Frankendancer upgrade, now live on the mainnet. This upgrade represents a critical step in integrating Firedancer, rewriting key components of the Solana Labs client. Github data shows that validators are ready to adopt the upgrade, which is expected to optimize performance at all levels.
The upgrade will enhance Solana’s bandwidth and hardware scalability, supporting validators to operate at full capacity. Additionally, it will contribute to the documentation and standardization of the Solana protocol, making it easier for anyone to build a validator without needing to dive into the Rust validator code.
SOL Surges 9%, Exceeds $150 Following the network upgrade, Solana’s price surged 9%, pushing it above the $150 mark within the last 24 hours. Its trading volume also grew by more than 8%, reaching over $3.2 billion. As one of the strongest performers in the recent market recovery, Solana is showing a bullish outlook.
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