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🌙 Solana Breaks $200 As Memecoin and Airdrop Interest Continue

Solana crossed the $200 mark for a few hours Sunday night, recapturing the threshold for just the second time since 2021.

Author

Mike Gavela
April 01, 2024

Crypto Roundup - Apr 1

In recent cryptocurrency news, Solana's price has surged past $200, attributed to growing interest in memecoin airdrops, indicating a significant market momentum for the blockchain. Meanwhile, Bitcoin's dominance in the cryptocurrency market is diminishing, suggesting the onset of an 'altcoin season' as investors diversify their portfolios into alternative cryptocurrencies. Additionally, Polygon faced challenges with its zkEVM, encountering an outage due to a mishandled Ethereum mainnet reorganization, leading to a comprehensive post-mortem analysis to prevent future issues. This event underscores the technical complexities and ongoing development efforts within layer-2 solutions.

Top stories:

  • Solana's valuation spikes, surpassing $200 as a result of heightened interest in memecoin airdrops, reflecting the dynamic nature of cryptocurrency investments.

  • Bitcoin's market dominance wanes, indicating a broader acceptance and investment in altcoins, possibly heralding a new altcoin season with diversified investment strategies.

  • Polygon's zkEVM experiences an outage, following a mismanaged Ethereum reorg, highlighting the challenges and resilience in the development of layer-2 scaling solutions.

TOP STORIES

Solana breaks $200 as memecoin and airdrop interest continue

Solana crossed the $200 mark for a few hours Sunday night, recapturing the threshold for just the second time since 2021. 

blockworks.co/news/solana-crosses-200-amid-memecoin-airdrop-interest

Bitcoin’s share of crypto market falls in sign ‘altcoin season’ is back

Traders are looking to smaller cryptocurrencies in search of gains as risk-hungry traders pile into more volatile bets, says investment firm Decentral Park.

www.dlnews.com/articles/snapshot/bitcoin-dominance-falls-in-sign-altcoin-season-is-back

Polygon unpacks zkEVM outage and ‘emergency’ upgrade

Polygon’s zkEVM rollup entered an emergency state on March 23 after the chain stopped processing blocks.

blockworks.co/news/polygon-zkevm-post-mortem

FUNDRAISES

OTHER HEADLINES

Wormhole Airdrop on Solana Just Days Away as Exchanges Prep Listings - Decrypt

The W token airdrop is all set for this week, with over 400,000 wallets eligible to claim Wormhole tokens on Solana.

decrypt.co/224363/wormhole-airdrop-solana-days-away-exchanges-prep-listings

Binance adds 3 independent members to its board

Binance's board, which is mostly comprised of senior executives, added Gabriel Abed, Xin Wang and Arnaud Ventura as independent members.

blockworks.co/news/binance-adds-independent-board-members

Tether Now Holds Over $5 Billion Worth of Bitcoin to Back USDT - Decrypt

Stablecoin giant Tether added even more Bitcoin to its balance sheet in Q1 and now holds over $5.1 billion worth of the asset.

decrypt.co/224312/tether-holds-over-5-billion-bitcoin-back-usdt

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