Solana (SOL) and Avalanche (AVAX) Erase Losses

Bittime - Solana (SOL) and Avalanche (AVAX) pared their losses, with SOL hitting $142.45 and AVAX rising to $28.28. Solana launched Blinks to make it easier to buy tokens on social media, while Avalanche focused on game development.

Solana (SOL) and Avalanche (AVAX) Erase Losses

Avalanche (AVAX) and Solana (SOL) failed to mount stronger rallies, and both fell to the $130 range. However, in recent days, SOL and AVAX have become steady winners, reducing their losses. SOL declined to $142.45 after gaining above $150. AVAX hit $28.28, up from a low of $23.05.

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Traders Take Advantage of Opportunities in the Case of Solana (SOL)

Santiment stores the difference between the demonstrations of the two tokens. The expected profits make traders take advantage of the opportunity in the case of Solana (SOL). In contrast, AVAX gradually recovered, but FOMO did not lead to buying.

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Solana (SOL) and Avalanche (AVAX) Continue to Show Progress

Although Solana shows more progress in a short period of time, both chains continue to innovate and build. According to code commits, Solana is ranked 11th, while Avalanche is ranked 27th.

As part of the core infrastructure for decentralized finance, gaming, and other applications, Solana and Avalanche also aim for sustainability. Avalanche is more focused on gaming. More teams can now build blockchains according to their needs after the chain lowered deposit requirements for building subnets.

Solana Aims to Accelerate Development

In the past week, Solana has made new progress to improve marketing. The most significant announcement was Blinks, which was immediately accepted by DEX aggregator Jupiter.

With blockchain links, anyone on social media can make predetermined purchases without having to build and host a website to sell tokens or NFTs. Mert Mumtaz, lead developer of Helium Labs, continues to make new achievements in the Solana ecosystem to accelerate adoption.

Conclusion

Both SOL and AVAX saw a drop in value, with SOL hitting $142.45 and AVAX rising to $28.28. One of the major advancements in Solana's marketing and development was the launch of Blinks, which makes it easier to purchase tokens and NFTs on social media. By lowering the deposit requirements for building a subnet, Avalanche is concentrating on gaming and improving its infrastructure. These two chains are constantly undergoing innovation and are very important to the blockchain ecosystem.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.