• Three cryptocurrencies, Serum (SRM), Solana (SOL) and the FTX Token (FTT) have been at the forefront of the crypto rally.
• These coins were linked to the FTX crypto exchange and suffered when the company filed for bankruptcy, but have been able to stage a huge reversal.
• In the last week, these three coins have had tremendous gains, with SRM and FTT recording triple-digit gains and Solana up over 100%.
The crypto market has been experiencing a tremendous rally over the past week, and three cryptocurrencies have been at the forefront of the surge. Serum (SRM), Solana (SOL) and the FTX Token (FTT) have all seen tremendous gains, despite their link to the now-bankrupt FTX crypto exchange.
Serum has had a particularly impressive run, with its price already up by over 179% in the last 7 days, pushing its price up above $0.65 at one point, a return to its pre-FTX collapse levels. It is also one of the top trending coins on Coinmarketcap. Following in the footsteps of Serum is the FTT Token, FTX’s own token. FTT had dropped below $1 following the bankruptcy filing, severely impacting its standing in the crypto market. However, in the last week, it has emerged as one of the best performers. Its price is up over 170% to be trading above $2.5.
Solana, the blockchain platform that FTX launched its derivatives trading on, has also seen its own impressive gains. In the last week, SOL has been up by over 100%, with its price now trading above $50. This marks a return to its pre-FTX crash levels, and is a testament to the resilience of the coin.
It is clear that these three coins have been at the forefront of the crypto rally, and it will be interesting to see how they perform in the coming weeks. With bitcoin reaching levels not seen since before the FTX crash, it could be that these coins are in for even more gains. Only time will tell.