Expected Solana and XRP ETFs could attract sizable investment, JP Morgan analysts said, but it's unlikely they'll match the Bitcoin boom.
A widely followed cryptocurrency trader is warning that several large-cap memecoins are printing bearish price patterns. The trader pseudonymously known as Altcoin Sherpa tells his 239,100 followers on the social media platform X that memecoins like Pepe (PEPE), Bonk (BONK) and dogwifhat (WIF) are printing lower highs and lower lows on their price charts.
PENGU price has surged more than 9% in the last 24 hours, reclaiming the $2 billion market cap threshold. This rally solidifies its position as the second-largest meme coin on Solana, trailing BONK closely in a fierce competition for the top spot.
Issuers like VanEck, 21Shares, Bitwise, WisdomTree and Canary Capital are all seeking to launch new altcoin ETFs later this year.
Crypto analyst Kevin (@Kev_Capital_TA) has outlined a bullish case for the Dogecoin price while identifying a final price target of $1.30, but under specific market conditions. In his technical analysis shared on X (formerly Twitter), Kevin emphasized the importance of a critical support level and a bullish pattern currently shaping Dogecoin's price trajectory.
Cryptocurrency markets are seeing gains across the board despite ongoing ETF outflows, indicating underlying strength in the market. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,344.48 +4.7% Ethereum (CRYPTO: ETH) $3,201.80 +6.2% Solana (CRYPTO: SOL) $186.30 +5.2% XRP (CRYPTO: XRP) $2.65 +7.9% Dogecoin (CRYPTO: DOGE) $0.3527 +8.6% Shiba Inu (CRYPTO: SHIB) $0.00002138 +5.5% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 34.7% and daily active addresses up by 4.5%.
The supply of USDC grows through partnerships with traditional financial operators. Solana also plays a role for USDC adoption for the new wave of users drawn in by meme tokens.
JPMorgan Chase expects that potential Solana (SOL) and XRP exchange-traded funds (ETFs) could see multi-billion dollar inflows. VanEck's head of digital asset research Matthew Sigel reports on the social media platform X that JPMorgan says SOL and XRP ETFs could attract up to $16 billion in total.
A deeper pattern is unfolding. If it repeats, DOGE could be on the verge of a breakout.
The PNUT surge highlights the significant impact of major exchange listings on meme coins, driving investor interest and market volatility. The post Solana meme coin PNUT jumps 30% as Coinbase trading kicks off appeared first on Crypto Briefing.
Meme coins have faced intense volatility in the last two weeks. Data from CoinMarketCap shows that the total meme coin market capitalization has fallen below $100 billion, with most of these coins registering double-digit percentage losses in just one week.
As January comes to a close, Solana (SOL) and emerging DeFi projects like Remittix (RTX) continue to dominate headlines. The recent performance of these altcoins has sparked curiosity among investors, leaving many to speculate on their potential value in the near future.
Dogecoin, XRP, and Bitcoin have not only rebounded from Monday's plunge but are actually flying higher on Tuesday.
The cryptocurrency market has experienced heightened volatility, with several prominent coins such as Stellar (XLM), Solana (SOL), and Ethereum (ETH) showing signs of weakness. These assets have recently faced critical support levels breaking down, raising concerns about their future performance.
Bubblemaps will debut its own cryptocurrency on the Solana blockchain called BMT, which will serve as the backbone of the firm's new investigation platform.
The launch of spot Solana (SOL) and XRP exchange-traded products could eclipse the performance of established exchange-traded funds (ETFs) offering exposure to bitcoin and ether in their first few months of trading, according to a recent JPMorgan report.
The token will be used to support a new community-driven crypto investigations platform called the Intel Desk.
Crypto analyst Javon Marks has provided a bullish outlook for Dogecoin, stating that the foremost meme coin has entered another bull phase. The analyst also predicted how high the foremost meme coin could rally in this bull phase.
The OBV has been on a steady decline since November, despite the buyers' resolute defense of the $180 support zone.
As the crypto market sees a recovery, the Solana (SOL) shows strong momentum with bullish signals pointing to potential growth. Analysts suggest SOL could aim for $220 as interest builds.
As the broader cryptocurrency market registers an altcoin rally, Dogecoin (DOGE) has taken a staggering lead. The meme coin has soared past other notable assets like XRP, Solana (SOL) and Cardano (ADA), which have all recorded impressive price upticks in the last 24 hours.
AmberMining redefines cryptocurrency mining by providing a platform that simplifies the entire process. With its one-click mining feature, AmberMining allows users to effortlessly earn consistent daily profits without requiring technical expertise or hefty upfront investments.
As Bitcoin (BTC) bounces from the local bottom below $90,000, the cryptocurrency segment is recovering. Top-tier meme coins are recovering faster than their competitors, while some dog-themed cryptos are posting double-digit gains today.
Bulls are back in the game after a few days of the market dropping, according to CoinMarketCap.
Approval of Solana and XRP ETFs could significantly boost crypto market legitimacy and attract substantial institutional investment. The post JPMorgan predicts Solana, XRP ETFs could draw up to $14 billion in first 12 months if approved appeared first on Crypto Briefing.
TL;DR Solana and XRP ETFs are projected to attract billions in new investments if approved. The U.S. Securities and Exchange Commission (SEC) will make preliminary decisions on Solana ETF applications before the end of January. JPMorgan predicts Solana and XRP ETFs could outperform Ether ETFs in their first six months of trading.
In the crypto space, AI coins were among some of the best performers last year. They took advantage of the incredible hype around generative AI technologies to attract the attention of digital asset investors.
TL;DR Solana's stablecoin supply hits $5.89 billion, the highest level recorded in the past two years. Circle's issuance of 1 billion $USDC tokens in 2025 has significantly fueled the growth of Solana's DeFi ecosystem. Key protocols like Kamino Finance and Drift dominate deposits, cementing Solana's appeal for crypto traders and investors.
The blockchain of Solana continues to drive the crypto ecosystem with fast transactions and low costs.
Dogecoin (DOGE), the meme-inspired cryptocurrency has long been a favorite in the cryptocurrency space, known for its explosive price movements during bull cycles.
Bubblemaps will launch its Solana token this month with an investigation platform coming soon.
Banking giant JPMorgan forecasts significant investments in Solana (CRYPTO: SOL) and XRP (CRYPTO: XRP) exchange-traded funds (ETFs) if they receive approval. The report, shared on Jan. 13, suggests these ETFs could outperform Ethereum (CRYPTO: ETH) ETFs in their initial six months.
Although Solana (SOL) has faced short-term bearish sentiment, struggling to establish its price above the $200 resistance, a trading expert suggests the cryptocurrency's long-term technical setup points to the possibility of reaching $300 or even $400 in the coming months.
Solana has introduced Roam, a decentralized WiFi network designed to transform global connectivity.
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) are gaining momentum, trading significantly up on Tuesday morning. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Dogecoin (CRYPTO: DOGE) $0.3475 $51.3 billion +9.7% -10.1% Shiba Inu (CRYPTO: SHIB) $0.00002133 $12.6 billion +6% -10.1% Pepe (CRYPTO: PEPE) $0.00001721 $7.2 billion +6.6% -15.4% Trader Notes: Crypto trader Kevin highlighted that Dogecoin's price action remains strong as long as it holds above $0.26 within its bullish falling channel.
TL;DR The crypto market rebounds significantly, with Bitcoin surging back to $96,000 after a dramatic dip below $90,000. Ethereum and Dogecoin also see impressive gains, with Ethereum climbing to $3,184.61 and Dogecoin rallying over 8.75% to $0.346. The overall crypto market cap rises by 5.40% to $3.32 trillion, fueled by cooling U.S.
Solana (SOL) plummeted to a two-month low on Monday, mirroring a broader cryptocurrency market downturn led by Bitcoin's decline. While SOL has since recovered slightly, gaining 2%, the impact remains significant, with over $21 million in long liquidations recorded in the past 24 hours.
Dogecoin price has shown a strong recovery in the last 24 hours, surging 10% after recent market losses. This rebound follows a challenging week for the cryptocurrency, marking a significant turnaround amid renewed bullish sentiment.
Matthew Sigel described the potential XRP and SOL ETFs as game changers, echoing growing sentiment about the transformative impact of such products.
An FTX/Alameda staking address completed a monthly redemption and transfer of 182,421 SOL valued at $32.35M in two transactions a little over 10 hours ago.
The Solana ETF applications are nearing the deadline for a preliminary decision by the end of January, days after President-elect Donald Trump's inauguration on Jan. 20.
Bitcoin (BTC) briefly plummeted below $90,000 on Monday, ringing alarm bells among investors as markets panicked. However, it quickly rebounded from this level to reach $92,500 and then climbed to its current level of $95,400.
The altcoin space displayed notable recoveries today as Bitcoin soared past $95K, currently trading at $95,399. While most tokens printed significant movements, Dogecoin and Monero grabbed investor attention with their current performances. Let's find out more. Bitcoin above $95K Bitcoin has regained $95K after plunging beneath $90K on Monday.
Solana (SOL) is deze ochtend weer aan het klimmen, ondanks een sterke toename in bearish druk. De koers is in een week tijd met 20% gedaald, maar is vandaag weer 3,4% omhoog geschoten naar $186,70.
As the crypto market buzzes with growing institutional interest ($DOGE's price has more than doubled since the elections, for instance), the potential launch of Solana ETFs in 2025 may open doors for massive growth for several altcoins. Solana has emerged as a fierce rival of Ethereum thanks to its low transaction fees and high scalability.
JPMorgan projects $3-8 billion first-year inflows each for potential Solana and XRP ETFs, based on adoption patterns seen with existing Bitcoin and Ethereum ETFs.
Dogecoin is testing critical $0.30 support amid strong holder accumulation and bullish trader sentiment, with $54 million in exchange outflows and 81.44% of Binance traders holding long positions as the market awaits its next major move.
81.44% of top traders on Binance holding long positions, while 18.56% are holding short positions.