Published
2 years ago on
April 01, 2022
The crypto market has seen a significant increase over the weekend with nearly every single coin rising in price. Market leader, Bitcoin (BTC), is currently holding support above $47k, a level it hasn't seen since the end of 2021.
Traditionally, the whole market follows what Bitcoin (BTC) does & this weekend has been no different. Solana (SOL) and Cardano (ADA) have both exploded over the past week, increasing in price by over 25%.
The presale of Caprice Finance (CFT) is just about to get underway and could provide early investors with the chance to see some monumental gains in their personal investment wallets
Is The Crypto Bull Market Back?
The crypto bull run of 2020 and 2021 saw significant gains for nearly every single crypto. Since November 2021, there has been a slight pullback with Bitcoin (BTC) falling as low as $31k. Now, as it looks to break through the $50k mark, there is a lot of excitement back in the crypto space.
Solana (SOL) has rewarded its long-time believers with a 24% growth over the past week. Now, the smart contract platform is trading just below the $110 mark and looks set to smash through that price point on its way to $120 and beyond.
The incredibly cheap transaction fees combined with a super-efficient transaction time make Solana (SOL) a very appealing project for many investors. With Ethereum (ETH) struggling to provide clarity on the release of the much anticipated Ethereum 2.0, many developers are flocking to the Solana (SOL) network instead.
If we are set for a brand new crypto bull run then Solana (SOL) is in a prime position to capitalise. The smart contract platform would have a price of $1233 per token if it were to reach the same market cap as Ethereum (ETH), an 11x from its current price.
