Solana leads the crypto market right above $2.5 trillion along with Bitcoin due to the modest gains back on Friday as it closed out a strong week. Other assets also had some stronger price movements as well as we can see more today in our latest altcoin news.
It is not really a Christmas miracle but today’s modest price increase is a part of a week-long trend that should bring some holiday cheer for all crypto holders. Solana leads the crypto market cap above $2.5 trillion as it increased by 10% for the first time since December according to the data from Coingecko. Bitcoin increased by 8% in the same timeframe and it nestled above the $51,000 price point. While Ethereum sat at $4100, its competitor Solana hit a 10% weekly return.
Outside of the top-5, the price rises were higher. Terra’s Luna is worth over 50% more than it was this time a week ago as it entered the $100 price level for the first time in the coin’s history. Avalanche and Polygon also posted gains of 20% for the week though they are slightly down on the day. Crypto.com Coin was also up by 12% and 24% for the week while the platform announced it splashed some big money to buy a Super Bowl ad with the exchange going head to head with FTX to bring even more sports fans into the crypto space.
As recently reported, Solana’s first multiplayer game has more than 2 million total registered users and a week ago, the first-person shooter Mini Royale: Nations became the first live multiplayer game and run on Solana after the launch of the first in-game NFT items so now the developer Faraway marked a new milestone and doubled the number of players over the past month. Mini Royale: Nations surpassed more than 2 million total registered players including more than 600,000 monthly active users which are more than double the previous MAU high mark that Faraway co-founder Alex Paley explained. The game had been live for a few months already as a free-to-play online multiplayer game without blockchain integration but Faraway also launched a series of 10,000 in-game items sold at Solana’s NFT at the start of December and then activated them within the game on December 16th.
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