Solana surpasses USD $120 as Ethereum and Polkadot post remarkable gains on Aug. 31
Solana surpasses USD $120 as Ethereum and Polkadot post remarkable gains on Aug. 31 By Angel Di Matteo

@shadowargelHand in hand with Solana and its new all-time highs, for this August 31 both Ethereum and Polkadot

also capitalize good gains in the last 24 hours.

Solana

surpasses USD $120 this August 31st

This month ends and we open our usual price report highlighting the increase that continues to capitalize Solana (SOL

), digital currency associated with the network of the same name, which increased more than 27.8% over yesterday, trading at the time of editing at about USD $128 per unit.

This is reflected in the data published in our section CryptoMarkets

, where it can be seen how the digital currency maintained an upward trend over the past 24 hours, capitalizing a few minutes ago new record highs after touching USD $129. Enthusiasts and analysts celebrate this fact and are inclined to think that the digital currency could maintain this path. Evolución precio de Solana este 31 de agostoEvolución precio de Solana este 31 de agostoSolana’s price evolution this August 31st

About Solana

Regarding

the increase capitalized by the digital currency, several media and analysts point out that this increase could be directly associated to two aspects: In the first instance with the accelerated adoption that Solana’ s Blockchain

network has seen in recent weeks, followed by the hype generated in major markets attracting many investors interested in deriving short profits.

As such, Solana is a project that was born in the midst of the hype of the

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The ICO and its proposal is similar to what networks such as Polkadot and Cardano. The idea behind the design of its ecosystem is to offer a fast and efficient network that fits projects with large volumes of transactions, so its Blockchain can support up to 6,000 transactions per second, with the possibility of scaling up to 50,000.

This is possible thanks to the consensus algorithm employed by the Solana network, which is known as Proof-of-History (PoH), which only requires nodes to prove that a certain event occurred at a specific time without validators communicating with each other. Such a mechanism allows stakeholders in the network greater speed and security when operating.

While there are high expectations about the trading performance of the SOL token, other analysts also warn about the risks of an eventual correction in the coming days, so they invite people to be very vigilant and take measures to avoid adverse outcomes.

Ethereum and Polkadot recorded remarkable increases on August 31

In addition to what we have seen this August 31st with Solana, there are two other pieces of good news: One is the increase capitalized by Ethereum (ETH ), and the other the increase recorded by Polkadot (DOT).

  • As for Ethereum, the digital currency capitalized an increase of nearly 7.9% over yesterday, trading at the time of publishing at about USD $3,414 per unit.
  • On the other hand, each unit of Polkadot is trading at around USD $29.82, which is equivalent to an increase of 28.35% in the last 24 hours, thus emerging as one of the top gainers for this August 31.
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Winners and losers of the day

Finally, below we review the cases with the steepest fluctuations for this August 31.

Winning cryptocurrencies

Losing cryptocurrencies

To buy cryptocurrencies via DiarioBitcoin

Now that Bitcoin and the main cryptocurrencies are registering significant increases, if you are one of those who see opportunities and want to buy cryptocurrencies, we remind you that our section CryptoMarkets already has buttons for you to proceed to buy your favorite digital coins.

If you want to buy Bitcoin (BTC ), prefer to buy Ethereum (ETH ) or want to get some Tether (USDT ), you just need to go to our CryptoMarkets and click on the buy button. We recommend everyone to be very attentive as this possibility will be added soon for a larger number of digital currencies.

Nuevos botones de compra a través de CriptoMercados

Report by Angel Di Matteo / DiarioBitcoin

Imagen from Unsplash