Alt sector dominated by Solana, Immutable, Lido and Luna Classic. Our analysis.
The great moment continues for the crypto market, and especially for several tokens and coins that have already recorded important results in recent days. Leading on the earnings scale $FTTwhich should be discussed with some care, Solana, Immutable X and Lido.
These are booms that are all or almost all related to real news and therefore have relatively solid foundations. A boom that will also need to be rated for durationespecially after growths that are actually long-lasting and last all or nearly a week.
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FTT, Immutable, Solana and Lido: what’s happening with the tokens that drive the market
There are four threads that are actually driving the market. All four are from the sector altcoins and at least in part these are the tokens that we recently told you about and which have solid reasons.
For those who don’t know, that’s the token he was tied to FTX, Sam Bankman-Fried’s money exchange, which is going through complicated litigation. What happened? It happens that there would be a proposal to restart the exchange, although they don’t necessarily include $FTT in the plan. However, crypto markets are what they are in terms of managing optimism, and the token has recorded almost 200% within 7 days. Maximum attention on any retracements, given that the token has risen so much over several days.
$SOL continues to be a cryptocurrency of exceptional strength. Few would imagine it above $50 – including us. With a continuous influx of capital into products that offer it as a foundation – which we talked about here – in our opinion relatively positive news for FTX, an exchange that has been very close to the token and already owns good amounts of it, weighs on Solana.
The $LDO token is instead linked to news aboutEthereum ETF launched by BlackRockthe news that arrived late yesterday evening and that shook the whole world a little bit related to Ethereum. The good results of the sector are also confirmed by Rocket Pool, which offers services very similar to those of Lido.
Pushing is calmgreat deal made with Ubisoft, one of the main groups in the video game sector globally, which has accumulated a number of important defeats based on previous experiences in the blockchain world. The name, however, is important enough to generate the enthusiasm needed for these performances.
The mystery of LUNC
At the time of writing, the incredible rise of LUNCs, which we are investigating, remains mysterious. You can get additional information on our official Telegram channel, as well as on ours Twitter account.
For the rest: the crypto world is going through a particularly happy phase, with also Bitcoin which offers absolutely amazing performance.