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- XRP’s legal success sparks altcoin surge, with Solana rising by double digits in just 24 hours.
- Solana reached its peak for the year, hitting $30 amid positive developments.
In a significant development, XRP has triumphed in its legal confrontation with the SEC, triggering an altcoin surge that has captivated the cryptocurrency market. Among the notable gainers, Solana’s price has increased by over 23.96% in just 24 hours, reinforcing its status as a major market player.
With the Ripple effect being substantial, XRP itself has soared, climbing more than 67%, while Cardano (ADA) has recorded an impressive rise of 20.84%. Ethereum (ETH) has also achieved new milestones, exceeding the $2,000 threshold. It is important to note that Solana leads the price increase rankings.
SOL Price Chart, Source:TradingView
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Solana(SOL) Price Surge, A Significant Achievement?
Despite facing numerous challenges, including the FTX collapse last year, Solana’s price has now reached its highest level of the year. This increase is noteworthy, particularly as Solana’s trading volume has surged by an extraordinary 360.99% within a 24-hour timeframe.
After maintaining relative stability throughout the week, Solana saw a slight increase yesterday, surpassing the $25 mark for the first time since April 18th. The news of XRP’s legal success served as a catalyst, further driving Solana’s growth. Although it initially encountered resistance at $22, the cryptocurrency persisted, ultimately reaching a milestone of $30.
At the time of this report, Solana is trading at $28, fluctuating between a low of $22.23 and a high of $30 over the past 24 hours. Meanwhile, the Solana community is celebrating the impressive surge.
XRP’s legal victory has paved the way for an impending altcoin season. With Solana emerging as a prominent winner, it surpasses expectations and continues its upward trend. The entire cryptocurrency community is eager to see what positive developments these leading altcoins may bring in the coming days.
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Top Altcoins to Monitor as Ripple Victory Fuels Growth
