Crypto News- Solana (SOL) and dYdX (ethDYDX) emerged as the front-runners in the past 24 hours, both experiencing remarkable gains of over 7%. In contrast, Immutable’s (IMX) value took a nosedive. In the span of just one day, SOL saw a robust 6.48% surge, reaching a current trading value of $58.03. The Ethereum-killer also witnessed a 3%+ increase in its 24-hour trading volume, totaling around $3,070,572,794.
November 15 Crypto Report: SOL and ETHDYDX Show Strength, IMX Registers a Drop in Prices
Looking at the bigger picture, SOL’s performance remained impressive with a month-long surge of 33.45%. Notably, with SOL surpassing the $50 mark, the token’s value soared by approximately 520% since plummeting below $8 during the FTX meltdown. The recent success of SOL may be attributed to the listing of SOL perpetual futures on Coinbase International Exchange and Coinbase Advanced. Avalanche (AVAX) perpetual futures contracts were also introduced.
ETHDYDX also captured traders’ attention with a remarkable 24% surge in the last 24 hours, reaching a trading price of $3.94 and achieving a high of $4.09. This surge elevated its weekly performance to an impressive +63.74%. Furthermore, the intraday volume of the altcoin surged to $784.76 million, marking a significant 233% increase.
On the flip side, things took a downturn for IMX as its price dropped by 8% since yesterday, settling at $1.10. This decline also weakened IMX against Bitcoin (BTC) by 8.18%. The stumble in IMX’s price closely followed a surge sparked by the announcement that Immutable and Polygon (MATIC) are at the forefront of the blockchain gaming sector, with Immutable emerging as the leading gaming-focused platform, outshining competitors like Arbitrum according to a recent report.