XRP, Solana & Crypto – European Wrap 21 March
XRP price broadly consolidates above $0.60 on Thursday as The Securities and Exchange Commission (SEC) is poised to file its remedies-related opening brief on Friday. According to Ripple and SEC’s agreement, the proceedings will remain sealed from public view and this has increased XRP holders’ anticipation of the developments in the legal battle.
The Solana blockchain has noted a surge in transaction volume and activity on its chain in response to the recent gains in meme coins. However, the meme coin frenzy has also attracted bots to the SOL network, driving the rate of failed transactions up to 72%.
The Fed’s comments returned risk appetite to global markets, immediately bringing buyers back to cryptocurrencies. In 24 hours, total market capitalisation rose 7.7% to $2.55 trillion. Bitcoin is showing roughly the same amplitude of growth, but Ethereum and Solana are adding around 10%.
