Solana has shown remarkable strength this year, as a flurry of technological developments and ETF applications have given investors enormous
Solana (CRYPTO: SOL) has seen its price rise and fall quickly in recent times, but the recent market correction has hit Fetch.ai (CRYPTO: FET) hard. Meanwhile, Rollblock ($RBLK) continues to make new highs as new investors keep on pouring in.
Solana on the cusp of ETF approval
Solana briefly overtook Binance Coin last week to take the third spot in the crypto rankings by market cap. However, Solana has since slipped and recovered slightly to trade at $127.97.
There are now two applications for Solana ETFs with the SEC, and recent technological developments on the Solana chain, such as ZK compression and ‘blinks’, have been coming through fast. Experts believe that $1,000 per Solana is only a matter of time.
Fetch.ai merges to form ASI
Fetch.ai has begun the process of merging with two other leading AI crypto coins to form ASI, or Artificial Super Intelligence alliance.
However, Fetch.ai is down over 36% in a week to $0.79, as the wider market correction has hit. Investors are clearly wary of this new project right now, and Fetch.ai bears have definitely been in the driving seat recently.
There is very little Fetch.ai support in sight, but traders may bid at around $0.62 and then, failing that, $0.52. However, Fetch.ai investors should consider diversifying to newer coins with more potential, with analysts predicting more Fetch.ai decreases this quarter.
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