The recent increase in Bitcoin (BTC) prices has significantly impacted Solana (SOL) and other altcoins. This article explores the effects on SOL, AVAX, and CHZ prices.
Bitcoin's Effect on Solana
Today, BlackRock announced the expansion of its issued tokenized fund BUILD onto the Solana network. With the BTC price increase, the SOL Coin price has risen above $216. After months of struggle, SOL bulls have surpassed the $210 ceiling and are now targeting $256.
AVAX Commentary
Due to high annual inflation and increased interest in other altcoins, AVAX has been lagging in its recent surge. While many cryptocurrencies are reaching their annual peaks, AVAX remains at lower levels. The support at $31.38 has been regained, and bulls may now aim for $42.8.
Chiliz (CHZ) Status
Another altcoin struggling to gain the desired profits and staying below its annual peak is CHZ Coin. While altcoins like DOGE, SOL, and PEPE are differentiating positively, the overall interest in altcoins is lacking as investors focus on BTC’s rise. If you believe CHZ Coin can deliver good returns this bull season, it might be at a buying point alongside AVAX.
The surge in Bitcoin prices has had a significant impact on the altcoin market, with Solana and other cryptocurrencies showing notable changes as a result.
