Solana's Top Performance in the Cryptocurrency Market

Tensions between Russia and Ukraine remain a concern for investors. Amidst the escalating geopolitical situation in Europe, cryptocurrencies are actually rising. Major cryptocurrencies such as Bitcoin, Solana, and Ethereum are trading in the green today.

The threat of a Russian military invasion of Ukraine has driven up the prices of commodities like crude oil and gold. Some investors are buying commodities as a hedge against a potential Russian military attack on Ukraine. This move is also a precaution against high inflation rates in the United States.

Conditions in the conventional investment market have fueled the rise in cryptocurrency prices today. According to Coinbase, the cryptocurrency market has seen a 4.67% increase in the last 24 hours.

Solana Leads the Rise of Major Cryptocurrencies

Solana (SOL) is trading up 9.48% to Rp 1.45 million per coin as of 8:28 WIB on Tuesday, February 15, 2021. This is the largest increase among other major cryptocurrencies.

The next highest increase among major crypto assets was Avalanche (AVAX), up 8.9% to Rp 1.2 million per coin. Terra (LUNA) rose 5.47% to Rp 788,150 per coin, Ethereum (ETH) increased by 5.14% to Rp 43.15 million per coin, and Cardano (ADA) rose 4.84% to Rp 15,410 per coin.

Following these, Binance Coin (BNB) rose 4.66% to Rp 5.89 million per coin. XRP (XRP) increased by 3.87% to Rp 11,780 per coin.

Bitcoin rose 3.5% to Rp 620.69 million per coin, and Dogecoin (DOGE) rose 2.03% to Rp 2,120 per coin. Tether (USDT), however, experienced a correction of 0.53%, falling to Rp 14,280 per coin.