Dogecoin, Solana, Ethereum Drive Crypto Markets Higher as Bitcoin Stays Flat

The crypto market started a new week in Green, and Altcoins led the charges on Monday morning.

Dogecoin He was the best performer among the 10 largest digital assets per market capitalization, which is 3.4% at the time of writing.

IN The same cornerThe performance could be related to the news that a fan of billionaire Dogecoin Elon Musk establishes a new political party called the “American Party”, which will aim to provide an alternative to democrats and Republicans.

In the late night Tweet sessionThe richest man in the world confirmed that his new platform will hug bitcoin Because “Fiat is hopeless,” though he failed to mention Dogecoin.

Elon Musk and Dogecoin

Musk and crypto world have a long and complicated relationship, with a billionaire affinity for Dogecoin Repetitive theme.

Only last year he proposed and led “Government Efficiency Department,” whose name was formed by the dogco of Dogeco Doge -tiker.

Some on the market on Monday may indicate that merchants hoped that in Musk’s political party they will be a place for Dogecoin – or at the very least, that they will re -publish it.

Solana Pops After Starting ETF

Other powerful performers among the main Altcoin include Saltworks and Ethereumwhich increased by 3.1%and 1.9%, at the time of the announcement.

Wednesday has seen a fund that is traded on a stock market offering salt exposure run For the first time in the United States – with a spokesman for Rex and Osprey Funds Decipher The first day created $ 12 million in influx.

Bloomberg analyst Eric Balchunas noticed He had a “healthy start to trading” that the Fund put in the first 1% of new launches.

However, the Securities Commission and exchanges have yet to decide whether the green light of the ETFS will monitor the spot price of the salt of other Altcoin, which could potentially attract billion dollars of institutional investment.

Altcoini are significantly surpassing Bitcoin At the time of the publication, with alpha crypts relatively straight, only 0.5% increased in the last 24 hours.