Bitcoin has been standing since the Liberation Day of Trump – but Solana performs better than

Bitcoin Is not the only cryptocurrency that shines clearly, because US President Donald Trump hit almost every nation ‘mutual’ rates this month.

Since the Liberation Day of Trump on April 2, Solana And Bitcoin has performed better than other large cryptocurrencies, which, according to crypto data provider, have risen over other large cryptocurrencies, by 14.5% to $ 145 and 7% to around $ 91,100 Coentecko. Ethereum (-10%), XRP (-12%), and Dogecoin (-1%) have fallen.

Solana and Bitcoin have completed the wider crypto sector, with the global crypto market capitalization since 2 April has risen by 6% to $ 295 trillion. Solana accounts for 2% of the total value of the crypto market. The Dominance of Bitcoin has remained unchanged at around 60% of market capitalization.

The recent outperformance of Solana has little to do with its merits as a Winkel of Waarde, Messari research analyst Matthew Nay told Decrypt. On the contrary, the cryptocurrency was “sold over” when traders withdrew from meme coins and token unlock a dented investor sentiment.

“You are starting to see the revival of Fartcoin,” said Nay and described the On Solana -based assets As an emblematic for enthusiasm to meme coins and the grip of the network on the so -called Crypto casino. “It will never be what it was, but it didn’t go any other chain.”

Last month, the bankruptcy goods for collapsed crypto exchange FTX access Up to 11 million Solana worth $ 1.6 billion. That represented the greatest unlocking, which since January 2021 immediately increased Solana’s circulating stock, as of January 2021 Messari facts.

While token unlocks are usually arary, Nay said that the community is now looking ahead to conferences and networkup grads, such as the Validator Client FireDancer.

“People still love it,” he said. “It was just sold over, and that is why this revival was as strong as it has been.”

Bitcoin as a value of value

Bitcoin can move forward because of the story of the value “Store of Value”, David Duong, head of research at Coinbase Institutional told Decrypt. While investors towards non-sovereign assets such as gold, which are not supported by a government, he believes that Bitcoin might catch a similar offer.

Bitcoin also has clear benefits within the cryptosphere, Duong added. He emphasized the growing embrace of Wall Street and listed funds that were approved in the US last year.

“The fact that Bitcoin has received institutional acceptance and is integrated into more portfolios via spot ETFS has separated other tokens,” he said. “The price drop of Bitcoin of the peak is quite gentle compared to what we have seen in earlier cycles, which suggests that there is a greater conviction to keep Bitcoin for the long term.”

Published by James Rubin