Altcoins of the day: SNX, COMP, SOL, STX, ZEC

As the largest part of the cryptocurrency market continues to switch between the red and green waves, taking the cue from the flagship decentralized finance (DeFi) asset that has recently crossed the crucial $30,000 threshold, some altcoins have stood out with their daily gains.

Timeline of Compound, Synthetix-network-token, Solana, Stacks

The price of Solana (SOL) has experienced consolidation in recent trading sessions, particularly in light of Bitcoin's inability to trade at $31,000. SOL remains below a significant resistance level that the bulls have struggled to overcome for several weeks.

To the surprise of many, Compound (COMP) price has spiked by nearly 50% in the last 3 trading days. On-chain data flash multiple green signals, potentially indicating more gains ahead.

The cryptocurrency Stacks (STX) has recently experienced a remarkable turnaround, with its price bouncing back after reaching a multi-month low of $0.4412. Investors have seized the opportunity to “buy the dip,” resulting in a continuous upward trend for STX over the past few days.

The crypto market is currently experiencing a general price recorrection, following a strong bullish phase that saw many assets soar to new highs. Stacks (STX), one of the notable performers in recent days, is not left out of the current ebb and flow of the market, with its value experiencing a significant decline in the last few hours.

Renowned analyst Bluntz, known for his accurate predictions, recently shared some intriguing insights with his 223,000 Twitter followers regarding the potential growth of Solana (SOL), a prominent rival to Ethereum. Bluntz suggests that SOL could experience a significant surge, potentially doubling in value. Additionally, the analyst identifies a bullish signal for Bitcoin.

The past few days saw excitement among market participants as many cryptocurrencies soared to new highs amid improving sentiments. Stacks (STX) was among the tokens that stood out even when the market appeared gloomy and once again, the bulls achieved an incredible feat in the last 24 hours, pushing the price to a new 60-day high.

At present, the price of Solana (SOL) is showing signs of recovery from a corrective phase. However, to sustain the momentum, it is crucial for SOL to surpass a significant resistance level.

While the broader crypto market experiences turbulent times and volatility, Stacks (STX) stands out with an impressive performance. Stacks is a network created in 2017 as an extension of the Bitcoin blockchain, allowing developers to create and deploy smart contracts.

Despite facing recent challenges in the cryptocurrency market throughout May and June, Solana (SOL) has managed to maintain its position as one of the top 10 cryptocurrencies in terms of market capitalization.

Solana (SOL) has joined the mild altcoin uptrend on the market today after printing a 5% surge to $15.87. Impressive price surges are not new for Solana, which has printed cumulative growth of 63.89% since the start of the year.