Binance-Listed Altcoin Team Launches Months-Awaited Product: Price Reacted

Solar (SXP), the altcoin listed on the cryptocurrency exchange Binance, announced the launch of the Solar Card, causing a sudden increase in its price.

The altcoin, which suddenly gained approximately 10% value after the announcement, is trading at $ 0.3970 at the time of writing. However, the SXP price is still 93.74% lower than its all-time high of 5.86.

Chart showing the rise in SXP price with one-minute candles.

The altcoin, which had a market value of $800 million when its price broke the record, has a market value of $233 million at the time of writing.

In the announcement made by the Solar team, the following was said about the new development:

“In line with our commitment to deliver a seamless experience, we have decided to launch a ‘soft launch’ phase from today ahead of the official launch of Solar Card. This means, above all, ensuring the highest level of reliability and functionality of our product. “During this soft launch, we will make final adjustments and conduct extensive testing to guarantee a seamless user experience.”

The application is currently only available to Android users.

*This is not investment advice.

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