The post Solana (SOL) and Avalanche (AVAX) are steadily erasing their losses appeared on BitcoinEthereumNews.com.

Platform coins are the first to step back during a market correction. Solana (SOL) fell to the $130 range, and Avalanche (AVAX) failed to produce a stronger rally. Yet in the past days, SOL and AVAX turned into steady gainers, erasing their losses.  SOL made gains above $150 before retreating to $142.45. AVAX reached $28.28, bouncing off a monthly low of $23.05.  Santiment noted a difference between the rallies for the two tokens. In the case of SOL, the expected return is making traders jump on the opportunity. Reversely, AVAX is quietly recovering, still not causing FOMO buying.  📈 Solana and Avalanche are both seeing nice gains as crypto rebounds. 👉 SOL’s rally is being accompanied by traders FOMO’ing in, meaning the rally is less likely to continue 👉 AVAX’s rally is being mostly ignored by the crowd, meaning the rally is more likely to continue pic.twitter.com/nB6dlM87Qb — Santiment (@santimentfeed) June 27, 2024 Both chains continue to innovate and build, though Solana is showcasing more developments in a short time span. Solana is ranked 11th based on code commits, while Avalanche is ranked 27th.  Solana and Avalanche also aim for sustainability and to become parts of the key infrastructure for DeFi, games and other applications. Avalanche is more closely geared to gaming. Recently, the chain decreased the deposit requirements for building a subnet, allowing more teams to build a custom blockchain for their needs.  Solana aims for accelerated development Solana has been on a roll in the past week, adding new developments to boost marketing. Blinks were the biggest announcement, immediately adopted by DEX aggregator Jupiter.  Also Read: Solana brings ZK compression and much cheaper on-chain deployment Blockchain links allow anyone on social media to create a predetermined buying pattern, without the need to build and host a website for…

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Filed under: News - @ June 28, 2024 11:24 pm