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Cryptocurrencies Price Prediction: Solana, LUNC & Crypto – European Wrap 1 December

Cryptocurrencies Price Prediction: Solana, LUNC & Crypto – European Wrap 1 December
FXStreet TeamFXStreet TeamFXStreet

Solana likely to extend gains as DeFi airdrop season could boost user base

Solana ecosystem is set to experience a surge in activity from decentralized finance (DeFi) projects that offer users airdrops in the following months, according to a report from crypto market intelligence company Messari. A higher user base – together with the gradual increase in weekly active addresses on the layer 1 blockchain – benefits Solana (SOL) token’s valuation, which has risen nearly 4% over the last day and a whopping 59.20% in the last month. 

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LUNC ranks among trending tokens alongside Dollar pegged stablecoin USTC, eyes recovery

Terra Luna Classic (LUNC) and Terra Classic USD (USTC) both tokens are trending among traders after noting a massive surge in their price. Santiment analysts believe these tokens are gaining popularity after their collapse, likely to see a revival. 

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Vibrant crypto market

The crypto market has added 1.5% in the last 24 hours, bringing the capitalisation back to the 1.44 trillion level, which has been acting as resistance for the last three weeks. The upward movement has intensified since the beginning of December.

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