Altcoins Remain Stable Amidst Silvergate/SVB Sagas Causing a Mild Plunge

Recent events in the cryptocurrency space have seen top coins in the market lose some valuation amid the spread of FUD in the markets. However, despite this mild plunge, altcoins seem to be gaining rather than losing, with ADA, SOL, and MATIC all recording gains within a 24-hour period, according to CoinMarketCap charts.

Caradano chart movements

ADA, whose price at the time of writing was hovering around the $0.3100 mark after hitting a $0.321 high within the previous 24 hour period, had seen a price gain of close to 1% as of the time of writing. Nonetheless, the cryptocurrency is still down more than 6% since last week, as its 24-hour trading volume for ADA also registered a decrease of over 15%.

Solana price movements

SOL’s situation is also much better right now, as the cryptocurrency is grabbing attention with a price gain of almost 3% within the same period as of the time of writing. Within the same time frame, the cryptocurrency was also able to achieve a high of $18.85. SOL is currently changing hands for $17.44 per share.

Polygon MATIC price behaviour

MATIC is also doing well for today. The alternative coin’s price has increased 2.99% over the past 24 hours to $1.02 at the time of writing. MATIC has performed well over the past day, but over the past week, it has fallen more than 9%. The asset trading volume has also seen a 7% increase, taking it to $929,184,797. The market cap has also seen a 3% increase within the same period.