It seems that Solana and Ethereum’s rival saw a price explosion of over 100% these days. Check out the latest relevant reports below.
Solana and Ethereum rival price analysis
An altcoin project looking to rival smart contract platforms like Ethereum and outshine the speed of Solana (SOL) is leading the top 100 crypto assets by market cap. It saw some pretty major gains over the past week.
Aptos (APT) at one point was up 130% when it rallied to $8.67 after hitting a low of $3.76 just days prior.
As the online pubcalition the Daily Hodl notes, the Aptos chain uses a programming language called Move. This was originally created for Diem, Meta’s since-abandoned crypto project.
“Aptos aims to advance Diem’s original goal of creating a fast and scalable blockchain that is accessible to the masses,” the online publication mentioned above notes.
Here are more details as reported by the same online publication:
APT’s rallies come with an overall crypto market bounce, with Bitcoin (BTC), Ethereum (ETH) and most altcoins clocking in gains over the last several days. The Aptos ecosystem is also showing signs of life, as several projects and milestones pop up.”
It’s also important to note the fact that Atomic Wallet, a self-hosted cryptocurrency wallet with over 3 million users worldwide, just announced support for APT holders.
Ethereum price analysis
A few days ago, we reported that an important strategist who correctly called Bitcoin’s 2018 bottom says the bottom for BTC bear market is already in.
Pseudonymous analyst Smart Contracter said recently that Bitcoin has managed to take out two diagonal resistances that have kept BTC in a downtrend for over a year.
He also believes that Ethereum (ETH) and decentralized finance lending and borrowing protocol Aave (AAVE) are likely poised for rallies.
“I like AAVE for a breakout here. [It] has an identical structure as ETH before its breakout yesterday.”