Solana (SOL) and Injective (INJ) Among Few Altcoins Showing Strength in the Underwhelming Crypto Market
While most alternative cryptocurrencies (altcoins) have been underperforming lately, a few standout large-cap projects are bucking the trend and showing significant strength, according to crypto analytics platform Santiment. Solana (SOL) and Injective Protocol (INJ) are two that have gained notable market cap share recently.
While most alternative cryptocurrencies (altcoins) have been underperforming lately, a few standout large-cap projects are bucking the trend and showing significant strength, according to crypto analytics platform Santiment. Solana (SOL) and Injective Protocol (INJ) are two that have gained notable market cap share recently.
Majority of Altcoins Continue to Underwhelm
Source: Santiment – Start using it today
SOL and INJ Showing Notable Strength
Solana has gained around 5% recently while Injective Protocol has seen more significant gains of 6%. With most large-cap altcoins failing to impress traders, SOL and INJ are providing rare exceptions and momentum plays in the current market environment.
Conclusion
According to crypto analysts, alternative cryptocurrencies remain generally weak, but select projects like Solana and Injective Protocol have been bucking the trend. Among large-cap altcoins, SOL and INJ have stood out as two of the only names showing demonstrable price strength.
