“Solana and Dogecoin Show Resilience as Bitcoin Struggles”
Following Bitcoin’s failure to surpass the $38,000 mark, Solana (SOL) and Dogecoin (DOGE) are displaying signs of resilience. SOL has seen a 1.2% increase in its price, while Dogecoin, the meme-inspired cryptocurrency, has experienced a modest 0.3% rise.
These gains come amidst a backdrop where other major cryptocurrencies are in the red, with Cardano (ADA) and Polkadot (DOT) leading the laggards.
Solana’s Dominance in the NFT Sector
Solana’s surge can be attributed to the success of the MadLads NFT collection, which once again topped the charts in terms of 24-hour NFT sales volume. Anatoly Yakovenko, the founder of Solana, now finds Ethereum as the only project within the top five positions.
This achievement showcases Solana’s growing dominance in the NFT space, which was previously dominated by Ethereum.
Dogecoin’s Mission to the Moon
The approval from the National Telecommunications and Information Administration (NTIA) for the DOGE-1 mission to the moon is not only symbolic for Dogecoin enthusiasts but also represents a significant step towards final licensing from the Federal Communications Commission (FCC).
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The leading meme coin, which has risen by 7.5% in the past 24 hours, is now stealing the spotlight with increasing social media buzz.
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