Strong Rallies Observed by Solana, XRP, and Terra in Past 24-hours

Despite the constant upsets that the overall cryptocurrency industry was facing since the beginning of December 2021, things seem to be recovering for the sector as of now. This is because, in the running week, the majority of the cryptocurrencies have started growing in price and valuations.

After almost three weeks of a bearish trend, it may come as good news for the entire bullish crypto-community. It is because of their efforts and intensive buying that has finally resulted in creating strong rallies for major cryptocurrencies.

Among the rest of the cryptocurrencies, three major cryptocurrencies such as Solana (SOL), XRP (XRP), and Terra (LUNA) seem to be observing strong rallies.

The CoinMarketCap performance report for Solana shows that its price has observed a 5.33% rally in the past 24-hours. After experiencing the rally, the price of Solana has reached $179.95 per SOL. Even in the past 24-hours, Solana’s trading volume has surged by 19.79% and it is currently at $2,093,775,776.

In the past 24-hours, the lowest price SOL has observed is $168.68 and the highest price SOL has observed is $182.42. As of now, SOL has a valuation that is worth over $55.74 billion, making it the 4th largest cryptocurrency.

The CoinMarketCap performance report for XRP shows that its price has observed a 6.34% rally in the past 24-hours. After experiencing the rally, the price of XRP has reached $0.8894 per XRP. Even in the past 24-hours, XRP’s trading volume has surged by 3.73% and it is currently at $38,789,823,729.

In the past 24-hours, the lowest price XRP has observed is $0.8286 and the highest price XRP has observed is $0.9057. As of now, XRP has a valuation that is worth over $42.18 billion, making it the 6th largest cryptocurrency.

The CoinMarketCap performance report for Terra shows that its price has observed a 12.13% rally in the past 24-hours. After experiencing the rally, the price of Terra has reached $83.92 per LUNA. Even in the past 24-hours, Terra’s trading volume has surged by 6.93% and it is currently at $3,412,743,888.

In the past 24-hours, the lowest price Terra has observed is $72.29 and the highest price Terra has observed is $84.64. As of now, Terra has a valuation that is worth over $31.03 billion, making it the 9th largest cryptocurrency.

At the moment, all three cryptocurrencies are experiencing a rally and it is expected that they may continue experiencing it for the upcoming days. This is because the bulls are making aggressive purchases for all three cryptocurrencies, which is clear from the rise in the trading volume.

In the upcoming days, the price of all three cryptocurrencies may increase by 20%, which may trigger another major rally for all three cryptocurrencies.