Layer-1 blockchain Solar (CRYPTO: SXP) saw an increase of 152% in the past seven days, outpacing leading cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH).
| Cryptocurrency | Gains (+/-) | Price (Recorded 12 a.m. EST) |
|---|---|---|
| Solar | +152% | $0.66 |
| Stellar | +16.60% | $0.10 |
| Hedera Network | +15.56% | $0.070 |
| Ripple | +12.69% | $0.051 |
| Zilliqa | +11.70% | $0.030 |
What Happened: At the time of writing, SXP was trading at $0.66.
| Cryptocurrency | Gains (+/-) | Price (Recorded 12 a.m. EST) |
|---|---|---|
| Bitcoin | -0.54% | $27,752 |
| Ethereum | +0.69% | $1,778 |
One possible contributing factor to the rise in SXP price could be attributed to Binance's announcement of support towards the Swipe Mainnet Swap and rebranding plan to Solar.
The second on the list is Stellar (CRYPTO: XLM) which saw 16.60% gains, following the Brazilian central bank's launch of its central bank digital currency (CBDC) test on Stellar's blockchain network. Another reason for the uptick could be Pendulum's release of the Spacewalk bridge, which connects the Polkadot infrastructure to Stellar's blockchain.
See More: Top Indian Apps That Give Bitcoin, NFT Rewards
Hedera Network (CRYPTO: HBAR) was third on the list, rallying 15.56% in the last 24 hours after collaborating with the U.S. State Department to foster transparency.
The fourth on the list is Ripple (CRYPTO: XRP) up 12.69% on the news that the asset’s price surge is in part due to investor confidence that the token’s creators will win a legal battle against the Securities and Exchange Commission (SEC). The last on the list is Zilliqa (CRYPTO: ZIL) up 11.70% in the last 24 hours.
Read More: Bitcoin, Ethereum, Dogecoin Slide As Investors Await Jobs Data: Apex Crypto May Go Below $25k 'One Last Time' If This Happens, Says Analyst
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