See the live Solana price in USD. Buy Solana or add it to your Crypto Strategy.

Trading at US$26,098 in Hong Kong's afternoon, the crypto giant maintained its balance, although a mere whisper of potential rate hikes or any negative sentiment towards digital assets can tip this scale. Alex Konanykhin, CEO of Unicoin, aptly noted that Bitcoin's inherent volatility can be swayed by a slew of factors, especially during low liquidity periods.

While Solana's partnership with Shopify brought hope to investors, it was short-lived as $SOL faced a drop of 4.69%. On the other hand, XRP, after its partial victory over the SEC, hit a 6-week low, emphasizing the significant impact regulatory decisions have on the crypto market.

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Crypto News Week 3 and 4 (Part 3)

$DYDX $MATIC $UNI $BNB $ETH $SOL

Highlights of the week:

- Dydx rises 30% after delayed token release

- Polygon rises 16 ahead of mainnet launch

Decentralised exchange dYdX rallied 30% after it was announced that a $156 million token launch will be delayed from February to December.

The announcement, made in a blog post on Thursday, postpones a move that would have doubled the circulating supply as tokens were distributed to "investors, employees and advisors".

Elsewhere in the decentralised exchange ecosystem, Uniswap ended the week on a weak note, failing to respond to a poll showing 80 per cent support for making the protocol available on the BNB chain.

Polygon rises 16% ahead of mainnet launch

One of the best performing cryptoassets in 2022, Polygon , extends its winning streak into 2023.

Ethereum's scalable network rose 16% last week to become the tenth best-performing cryptocurrency, helped by the rise in daily transactions, trailing only BNB Chain.

Since the New Year, the token has risen 48% and some analysts believe the party has just begun. Possible bullish catalysts in the coming weeks include the launch of the zkEVM mainnet and the migration of Solana's main NFT projects DeGods and y00ts.

Crypto News Week 3 and 4 (Part 2)

$BTC $AXS $SOL $MANA $SAND

Metaverse gains momentum - Axie Infinity grows by 45 per cent

The Metaverse was back in the spotlight last week as the global elite discussed digital transformation in Davos and Apple announced a low-cost mixed reality headset.

In response, Axie Infinity, a token for a Pokémon-like game, surged 45% over the week, while Immutable X rose 19% on news that NFT game Tiny Colony will break away from Solana and instead be based on the Layer 2 blockchain.

Metaverse rivals The Sandbox and Decentraland lagged behind, but also made it into positive territory with smaller percentage gains.

Shiba up 14 per cent after launch of Shibarium

To differentiate itself from rival Dogecoin, Shiba Inu is building a layer 2 dog-themed network that will run on the Ethereum blockchain.

Shibarium, as the network is called, will allow developers to build and launch decentralised applications that offer lower fees and greater scalability.

News of the Shibarium beta sparked a 14 per cent rally for Shiba Inu last week, helping the token overtake Dogecoin in the race to become the best-performing meme token so far in 2023.

Next week:

• The correlation between bitcoin and tech stocks could be put to the test next week when the likes of Microsoft, IBM and Tesla announce earnings.
• Other factors that could influence the market include increasing rumours of an economic downturn and the US reaching the debt ceiling.

However, recent weeks have shown that crypto is strong enough to survive even the most negative headlines.

Cutting $DYDX from the strategy and adding $FTM, as something is brewing in the Fantom ecosystem.

Besides that we think it is undervalued compared to $LUNA, $AVAX, $SOL and $BNB.