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Solana surpasses USD $ 120 while Ethereum and Polkadot register a remarkable increase this August 31

By Angel Di Matteo @shadowargel

Hand in hand with Solarium and its new all-time highs, for this August 31 both Ethereum What Polkadot they also capitalize on good profits in the last 24 hours.


Solarium exceeds USD $ 120 this August 31

This month ends and we open our usual price report highlighting the increase that Solana continues to capitalize (SUN), digital currency associated with the network of the same name, which increased more than 27.8% compared to yesterday, trading at about USD $ 128 per unit at the time of publication.

This is reflected by data published in our section CryptoMarkets, where it is appreciated how the digital currency maintained an upward trend throughout these last 24 hours, capitalizing a few minutes ago new historical highs after touching USD $ 129. Enthusiasts and analysts celebrate this fact and are inclined to think that the digital currency could maintain this path.

Solana price evolution this August 31
Solana price evolution this August 31

Upon Solarium

In relation to the increase capitalized by the digital currency, several media and analysts point out that this increase could be directly associated with two aspects: In the first instance, with the accelerated adoption that the network has seen Blockchain from Solarium in recent weeks, followed by the buzz in major markets attracting many investors interested in making short gains.

As such, solana is a project that was born in the midst of the uproar of the ICO and their proposal resembles what networks such as Polkadot and Cardano. The idea behind the design of its ecosystem is to offer a fast and efficient network that adapts to projects with large volumes of operations, so its Blockchain it 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 used by the Solana network, which is known as Proof-of-History (PoH), which only requires the nodes to prove that a certain event occurred at a specific time without the validators communicating with each other. This mechanism allows those interested in the network greater speed and security when operating.

While there are high expectations about the commercial evolution of the SOL token, other analysts also warn of the risks of an eventual correction in the coming days, thus inviting people to be very vigilant and take measures to avoid adverse results.

Ethereum and Polkadot register notable increases this August 31

As seen on August 31 with Solana, two pleasant news are added: One of them is the increase capitalized by Ethereum (ETH), and the other the increase registered by Polkadot (DOT).

  • As to Ethereum, the digital currency capitalizes an increase close to 7.9% compared to yesterday, trading at the time of publication at about USD $ 3,414 per unit.
  • For its part, each unit of Polkadot It is priced at about USD $ 29.82, which is equivalent to an increase of 28.35% in the last 24 hours, thus appearing as one of the main winners for this August 31.

Winners and losers of the day

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

Winning cryptocurrencies

Losing cryptocurrencies

To buy cryptocurrencies through DailyBitcoin

Now what Bitcoin and the main cryptocurrencies register significant increases, if you are one of those who see opportunities and want to acquire cryptocurrencies, we remind you that our section CryptoMarkets You already have buttons for you to proceed to buy your favorite digital currencies.

If you want to purchase Bitcoin (BTC), prefer to buy Ethereum (ETH) or do you want to get some Tether (USDT), You just have to access our page CryptoMarkets and click the buy button. We recommend everyone to be very attentive since this possibility will soon be incorporated for a greater number of digital currencies.

New purchase buttons through CryptoMarkets

Report by Angel Di Matteo / DailyBitcoin

Picture of Unsplash

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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