These are the top 3 altcoins of the day

Bitcoin initially continued its sideways trend at the beginning of the second quarter. But despite the silence in the key crypto currency Bitcoin (BTC), some altcoins can make profits at the start of the week. Also present: Cardano, Solar and Frax.

1. Solar (SXP): Daily winner in the crypto ranking

With a whopping 16 percent in 24 hours, SXP – the coin of the solar blockchain – catapulted itself into the top 100 cryptocurrencies by market capitalization. Tied to crypto payment service provider Swipe, the project benefits from a rebrand, mainnet launch and Binance listing. These developments should have given SXP a decent boost. In just a few days, the coin climbed from $0.25 to almost $0.8. However, the all-time high of $5.42 is still a long way off.

2. Frax Share (FXS): Silver for DeFi protocol

The DeFi bulwark from Frax Finance starts the week not quite as brilliantly and yet pleasantly green. A few days ago there was a teaser for the V3 version of the protocol from Frax founder Sam Kazemian. Since the project is also involved in the ETH staking business, it can also benefit from the upcoming Shapella upgrade to Ethereum. In a weekly comparison, FXS increased by almost 16 percent. In the last 24 hours it’s five percent. So Frax continues its bullish course since January.

3. Cardano (ADA): Sidechain project ensures price gains

Meanwhile, Cardano has reported daily gains of 3.8 percent from the top 10 cryptocurrencies. The ADA price is now struggling with the important $0.40 mark. The Cardano sidechain project Milkomeda should make a significant contribution to the recent price jump. The team announced that they were planning a bridge to Ethereum. As a result, Cardano users will soon be able to use Ethereum applications smoothly, which is a huge boost for the interoperability of the two blockchains. The latest news about successful tests of the Hydra scaling solution is also having a positive effect on the altcoin price.