- Ethereum and Solana are the top altcoins of August
- It was the best month for Ethereum and Solana since the last crypto market crash.
Just a month ago, crypto was struggling to recover, with Bitcoin trading below $40,000 as it dropped to $37,300. But it seems like the crypto market has recovered, and some tokens are just doing better than others, and this is the case with Ethereum and Solana.
Read also: Ethereum Price Prediction
Ethereum and Solana led the final August charge. At the beginning of the month, Ether was trading at above $2,500, but it went up to above $3500 this morning. This means it rose by 35%. As a result, it approaches its last all-time high of above $4,200.
On the other hand, Solana out of nowhere surprised the crypto world. SOL went from around $35 at the beginning of August to over $124 at the end of that month. In short, the SOL price surged by over 250% last month. The highly functional open source project outperformed most of the cryptos in August.
At the time of writing, Ethereum (ETH) is trading at $3,514.22. Moreover, Solana (SOL) is trading at $108.19, according to CoinGecko. The data on CoinGecko shows that Solana’s price decreased a bit this morning.
At the current pace, will Ethereum and Solana aim for new all-time highs? Or will they dump? Nothing is promised, but investors should proceed with caution.