The post 5 Solana-Based Cryptos To Buy As Crypto Markets Rebound appeared on BitcoinEthereumNews.com.

The cryptocurrency market is experiencing a strong recovery, with Solana-based tokens, including Jupiter (JUP), Pyth Network (PYTH), Myro (MYRO), Book of Memes (BOME), and Raydium (RAY), showing potential for substantial gains. These tokens are gaining traction, buoyed by overall market optimism.  With the crypto market’s valuation holding steady above $2.13 trillion, these assets are well-positioned for promising returns. The ongoing bull trend in Bitcoin and other altcoins suggests a bright future for these investments. 1. Jupiter (JUP) Jupiter (JUP), a prominent liquidity aggregator on the Solana blockchain, is celebrated for its wide range of token options and exceptional path-finding capabilities for token swaps. Dedicated to enhancing user satisfaction, Jupiter has recently launched the Jupiter Work Groups (JWG) program. This initiative seeks to boost collaboration and scalability within its community, leading to increased project development and participation. Jupiter price chart This strategic development has significantly elevated the Jupiter token’s market performance. Over the past week, the value of JUP soared by over 27%, following a bullish market trend. Currently, Jupiter price stands at $0.7864, with a slight gain of 1% in the past day. With a market cap of $1 billion, JUP now ranks 66th on CoinMarketCap, highlighting its potential as a top investment in the reviving crypto market. 2. Pyth Network (PYTH) Pyth Network (PYTH) is a leading oracle network, rapidly expanding its influence by supplying real-time financial data directly to decentralized applications. It operates across more than 40 blockchain platforms and offers over 380 up-to-the-minute price feeds, covering a variety of markets, including cryptocurrencies, stocks, exchange-traded funds, foreign exchange pairs, and commodities. Industry players such as Binance, OKX, Jane Street, Bybit, and Cboe Global Markets contribute their pricing data. This collaboration enhances the network’s reliability and secures it against potential data manipulation. Pyth’s unique model collects and synthesizes data…

---

Filed under: News - @ July 11, 2024 7:24 am