Weekly Price Performances: Bitcoin Consolidation, Solana ATH, Rises in BNB and AVAX


As of November 7, 2021, most crypto assets in the cryptocurrency market have recorded upward price movements within a 24-hour time frame. Ethereum although it fell below the 4.500 dollar during the week, it recovered in a short time and started trading again at the 4.600 dollar price levels.

Solana, Binance Coin and Avlanche

Solana SOL, the local cryptocurrency of the blockchain, has gained immense popularity in the market, recording high rates of value increases in 2021. SOL reached the 1 dollar price levels with its upward price movements from the 187 dollar price levels within the 260 week time frame and recorded a new ATH (SOL ATH: 260 USD – CoinMarketCap) level. After this ATH level, which he recorded, Solana made a correction move and retreated to the 253 dollar price levels. In addition, SOL surpassed ADA in terms of market value and became the largest Ethereum alternative project.

Avalanche (AVAX), along with the value increases it recorded over a 1-week period, rose from $60 price levels to $85 price levels and approached the ATH level. Binance Coin however, it performed well in a few days of time. It reached the price levels of $ 670, albeit for a short time, with an average increase of 8% recorded in one day, and came somewhat close to the all–time high (BNB ATH: 690 USD – CoinMarketCap).

Bitcoin Consolidation Continues

While many crypto assets recorded new ATH levels, the leading crypto currency Bitcoin remained relatively horizontal, with the exception of short-term upward price movements during the week. Bitcoin Although it fell to the 60.000 dollar levels shortly after the news of inflation appeared in the United States, it recovered somewhat and started trading at the 62.200 dollar price levels again.  Despite the downward and upward movements recorded by the leading crypto asset, consolidation has largely continued.

The information contained in this article absolutely does not contain investment advice. Investors should know that crypto currencies have high volatility, so they carry risks, and they should conduct their transactions in accordance with their own research.

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