In brief

  • Solana (SOL) is the biggest gainer in the top 10 today, with its price rising 12% over the past 24 hours.
  • Leading NFT marketplace OpenSea announced yesterday that it will add support for the Solana ecosystem in April. Solana NFT sales are surging elsewhere today.

It’s been a relatively calm day for the cryptocurrency market, with the wider market up less than 2% over the past 24 hours. But in the top 10 coins by market cap, Solana is rising well above the rest right now.

Solana (SOL) jumped by nearly 12% today, according to data from CoinMarketCap, pushing its price to over $124. That’s a 36% increase from just one week ago, and the highest that Solana has been since January 21. Trading has since cooled, and SOL is currently trading for around $120, a 6% increase over the last 24 hours and a 28% rise over the last seven days.

Elsewhere in the top 10, Avalanche (AVAX) is up 7% to $99, while Binance Coin (BNB) has jumped nearly 4% to $448. Everything else in the upper echelon of coins has seen less of a leap over the past 24 hours.

Why is Solana pumping so hard today? It could be due to rising demand for NFTs on the platform, spurred in large part by yesterday’s news that leading NFT marketplace OpenSea will implement Solana NFTs come April.

The news had been awaited for months, since first leaks appeared in January that showed Solana-related development work on the Ethereum-centric marketplace. Recent leaks have piled up even more, and Solana finally dropped an official teaser video yesterday.

As a result, NFT trading volume has soared over the past day…

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