Solana Leads Crypto Resurgence as Oracles Rally, Meme Coins Revive, and Traders Call Market Bottom
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Solana has seen strong gains, up 64% in the past month compared to 25% for Bitcoin and 8.4% for Ethereum. However, a large amount of SOL supply is still locked in FTX.
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Oracle networks like Chainlink, Band Protocol, and Tellor have significantly outperformed the overall market in recent weeks as interest grows in tokenizing real-world assets.
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Meme coins saw a resurgence in late October, with ELON and PEPE surging over 20% on Oct 23rd, well above Bitcoin's 10% gain that day.
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The Computing Index, comprising decentralized data protocols, has outperformed thanks to the oracle network rally.
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After a brutal crypto winter, many traders now believe the worst is over and upward momentum is returning across crypto assets.