JAKARTA The increase in cryptocurrency prices number one, Bitcoin, has apparently triggered an increase in coin alternative prices or altcoins in recent days. As experienced by Solana (SOL), Cardano (ADA), XRP, and Polygon MATIC. In addition, the increase was also caused by the development and improvement of the projects of each coin.
Solana's cryptocurrency rose by 9.29 percent on February 15, reaching 23.77 US dollars, as investors focused on Grizzlython, the six-week hackathon announced by Solana. There are more than 5,000 developers who have signed up for the event, with prizes of 5 million US dollars (equivalent to IDR 76 billion) and initial funding.
Cardano also made headlines as it rose by 8.3 percent on the same day, following the direct increase in Valentine Cardano on the Cardano mainnet. This increase aims to improve Cardano's interoperability and blockchain security features, providing additional cross-chain functionality and back-end developers improvement.
The price of XRP remains stable although legal uncertainty with the SEC still exists, as trading volume increases by 15.46 percent in the same period. The felt whales and unique on-chain transaction activity reported by Whale Alert contributed to an increase in trading volume.
MATIC Polygon also shows signs of a bullish from a technical point of view, having seen an increase in weeks. One aspect of Polygon that promises is the partnership that this network has signed over the past year. The famous video game company Square Enix is working with Polygon to introduce the experience of collecting new artwork with a touch of gaming, while Doritos Triangle Studios plunged into the growing world of NFT on Polygon Network.
Although the price increase in these four cryptocurrencies is partly due to their own development, they are also taking advantage of the general increase in the cryptocurrency market. Investors are increasingly eyeing Solana and Cardano as they offer advantages in terms of market technology and performance.
The price of XRP continues to show good stability despite legal uncertainty with the SEC. MATIC Polygon continues to show signs of bullishness from a technical point of view and has an ecosystem with promising partnerships.
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