The cryptocurrency market has started to pull back after a strong run. The leading cryptocurrency Bitcoin fell below 36 thousand dollars with a sharp decline. Leading altcoin Ethereum is also trying to hold on above $2,000. Although Solana and THORChain decline in this environment, they attract attention with their resistance. Crypto analyst Ran Neuner says RUNE and Solana are the top altcoins in the current bull market.
Analyst: RUNE is the ultimate bull market token!
As you follow on Kriptokoin.com, the market has found morale with the increases in recent weeks. However, at press time, the market is witnessing sharp selling. Despite this, Ran Neuner notes that RUNE has seen a significant rise since the bull run began. The analyst notes that Rune, the native token of the decentralized liquidity protocol THORChain, is a token that has performed well in the bullish market. Therefore, he calls it the “ultimate bull market token.”
According to Ran Neuner, the token is currently one of the strongest altcoins on the market. The analyst goes on to say that RUNE’s trading volume has increased significantly following the crypto market revival. Additionally, Neuner notes that the increase in trading volume came as users began using RUNE to exchange cryptocurrencies. Neuner notes that despite bullish trends, RUNE generally performs poorly in bear markets. According to the analyst, when the token price falls, returns also fall. That’s why many people tend to leave the ecosystem.
According to the analyst, this altcoin has more potential!
Additionally, the analyst says that Solana is one of the most explosive tokens. Therefore, he states that the altcoin project could add more gains to its price. The analyst points to Solana’s upside potential. According to Neuner, Solana has been one of the most explosive price movements since crypto prices began to rise. It states that the price of the token increased from $15 to $55 and briefly peaked at $60.
The analyst suggests that the token will be a good buy if Solana maintains its current momentum. Additionally, the analyst says he does not expect a sharp price drop in Solana, a concern he noted for RUNE.
SOL and RUNE price performances
Coming back to CoinMarketCap, data shows that the token’s upward move is slowing down. At the time of this writing, RUNE has lost 2.47% of its value in the last 24 hours. Thus, the altcoin price dropped to $4.74. Meanwhile, transaction volume increased by 8% during the same period. By the way, it should be noted that RUNE is still sitting on more than 40% profit on its weekly chart. In addition, the token gained 300% in value on an annual basis.
Like RUNE, Solana has also trended downwards over the past 24 hours, according to CoinMarketCap data. The altcoin lost 2% of its price. However, it is still up 22.5% on the weekly price chart. Trading volumes remain in the green zone, up 11% in the last 24 hours. Additionally, SOL is up 288% year-on-year, similar to RUNE.
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