The best tokens of the Solana ecosystem continued their upward trend this week, the feeling of the cryptography industry has improved.
Solana’s price (soil) jumped for four consecutive days, reaching a summit of $ 155, its highest level since March 3. It jumped more than 60% compared to the lowest level of this year.
This rallyAs well as the recent increase in Fartcoin (Fartcoin), has sparked a significant rebound in tokens inside The Solana ecosystem. Dogwifhat (WIF) reached $ 0.6595, up 103% compared to its lowest level of this year.
Jupiter (JUP), the second largest exchange of decentralized perpetual term contracts, reached $ 0.50, while Zerebrol (Zerebro) is up 240% in the last seven days. Popcat (Popcat) increased by 87% in the same period.
Other main parts of memes of the Solana ecosystem have increased, pushing their total market capitalization to $ 10 billion.
Why Dogwifhat, Popcat, Zerebro and Popcat have increased
These tokens have increased due to the recovery in progress on the crypto and the stock markets. Bitcoin, which sets the tone on the cryptography market, has crossed the level of crucial resistance at $ 95,000 for the first time in more than a month. In addition, the market capitalization of all parts exceeded 3 dollars.
The stock market is also doing well. After falling at $ 36,500 earlier this month, the Dow Jones index was given to $ 40,000, while the NASDAQ 100 NASDAQ index increased from $ 16,550 to $ 19,200.
These assets increased after Donald Trump said that he would not reject the president of the federal reserve Jerome Powell, a decision that would have been unprecedented. Trump also showed an opening to the conclusion of a trade agreement with China.
The parts even Solana have also increased due to the performance of Fartcoin. After dropping at least 0.2015 in March, the medal jumped 455% to almost $ 1.20. As such, cryptographic investors have moved to other similar parts hoping for such great movements.
The risk, however, is that Jupiter, Dogwifhat, Virtuals and Popcat Rallye is a dead cat rebound. A dead cat rebound is a brief rally that occurs when an asset is in a downward trend.
