Why Avalanche, Polkadot, and Solana Are Seeing Wild Trading Action This Week
Avalanche (CRYPTO: AVAX), Polkadot (CRYPTO: DOT), and Solana (CRYPTO: SOL) are up 33.03% and 12.56% and down 22.75%, respectively, in the past seven days, as of 2:47 p.m. EDT on Friday. They are now trading at a respective $64.60, $33.45, and $140.51 apiece.
Developers behind Avalanche announced on Sept. 16 that it raised $230 million via a token sale to private investors. The Avalanche Foundation plans to use the proceeds to accelerate its transformation in the decentralized finance (DeFi) space. The smart contract platform enables scalability, low transaction fees, and interchain communications.
As for Polkadot, the Internet of Blockchain network is gaining significant traction. Due to its ability to issue parachains, crypto developers would no longer need to build their own blockchains and can simply use Polkadot's existing infrastructure. On Sept. 17, data company Crown Sterling launched its own encrypted, quantum-resistant block explorer on Polkadot.
Source Fool.com
