5 Jan

Altcoins Surge: Solana, Ethereum Classic, and More See Huge Gains

• Solana (SOL) and Ethereum Classic (ETC) have seen over 35% and 25% gains respectively over the last week.
• Other altcoins like Lido Dao Token ($LDO) and Bitdao ($BIT) have also registered over 40% gains.
• Aptos ($APT) has surged more than 21% in recent times.

The crypto market is seeing some strong activity as the start of 2023 kicks off. Altcoins, in particular, have been seeing some strong gains over the last week, with Solana leading the way.

Solana has seen a 40% rally over the past week, after a period of strong selling pressure. This has been accompanied by a huge volume spike and a decoupling from the rest of the crypto market by a staggering 17%. On-chain data providers such as Santiment have noted that this surge in social dominance could be a sign that the crowd is beginning to recognize the recovery in SOL.

Ethereum Classic (ETC) has also seen a solid price pump over the same timeframe, gaining over 25%. Other altcoins like Lido Dao Token ($LDO) and Bitdao ($BIT) have also registered gains of over 40%, while Aptos ($APT) has surged more than 21%.

These strong price pumps have been accompanied by whale activity, as many investors look to capitalize on potential profits from these altcoins. While the Bitcoin (BTC) price remains relatively stable, hovering around the $16,800 mark, it appears that many investors are turning to altcoins to make their profits.

It remains to be seen how long this altcoin rally will last, but for now, it looks like many investors are reaping the rewards of their investments. As more investors become aware of the potential in these projects, it is likely that we will see further growth in the prices of these coins.