While the top ten cryptocurrencies seem stuck trading sideways, the meme coin world continues to make double digits moves.
The market remains mainly bearish today, according to CoinMarketCap.
The new leadership under Trump still needs to decide the securities attributes of assets such as SOL and XRP. This is key because it's making it difficult for exchanges to place crypto coins.
The cryptocurrency market is a whirlwind of action. Once the golden child of altcoins, Solana is now battling a pullback after an explosive rally.
Bitcoin (BTC) declined marginally to fall from $99,000 to its current level of $98,100. The flagship cryptocurrency is down over 2% in the past 24 hours as it struggles to build momentum.
Mahe, Seychelles, 5th February 2025, Chainwire
Ongoing bullish activities in SOL trading could influence a price rally.
Solana has rebounded to $204.56 with a 4.25% daily gain despite reduced trading volume, as the market recovers from a recent correction triggered by geopolitical events, with technical analysis suggesting potential for further upside movement pending breakthrough of key resistance levels.
Enron, a newly launched project claiming to inherit the old corporation's energy business, launched a highly volatile ENRON token, where 92% of the supply is held by insiders
Solana's price has struggled to break the $270 resistance for the past three months, pushing the cryptocurrency into a vulnerable position.
There is still a headwind in the broader digital currency ecosystem, reflected in the key metrics of protocols like Solana (SOL). At the time of writing, Solana's price was changing hands for $205.3, up marginally by 0.44% in the past 24 hours.
Solana price remains above the $200 mark despite recent market corrections. The cryptocurrency briefly dropped to $173 before recovering, reflecting heightened market activity.
SUI, the native token of the Layer-1 blockchain, has taken a major hit, dropping more than 30% in a month. Such a massive drop has raised concerns among traders, with crypto analyst Jason Pizzino warning that the token might be following a historical pattern that led to a deep crash in the past.
Data revealed that 75% of top SUI traders on Binance are going long.
Solana started a fresh decline from the $220 zone. SOL price is consolidating and might face resistance near the $215 and $220 levels.
The rapid rise of CALICOIN highlights the potential for innovative tech to drive market interest, but also underscores volatility in crypto markets. The post Cyborg-made Solana meme token CALICOIN soars to $30 million market cap in two hours appeared first on Crypto Briefing.
Cryptocurrency analyst and trader Jason Pizzino is warning that one Solana (SOL) competitor is at risk of a severe correction. In a new video, Pizzino tells his 345,000 YouTube subscribers that Sui (SUI) may be repeating a historic pattern that could lead to a collapse.
Solana (SOL) has shown promising signs of recovery after a recent dip below the $200 mark. Over the past 24 hours, the altcoin surged by 5.02%, pushing its price back to around $206 after briefly touching a low of $179.
The index has been updating highs since September.
SUI price has been up roughly 4% in the last 24 hours but has remained down 30% over the past month. Despite slight recovery, its technical indicators still point to an overall bearish setup, with both the Ichimoku Cloud and EMA lines suggesting strong resistance ahead.
As of Jan. 31, Sol Strategies and its subsidiaries held an aggregate of 189,968 SOL, valued at nearly $41 million.
Solana appears to be in the early stages of a recovery, and the network's steady adoption could support longer-term price growth.
Solana experienced extreme volatility on Sunday and Monday as the market reacted to fears of a U.S. trade war. The uncertainty sent the entire crypto space into a sharp sell-off, with SOL dropping over 25% from its Saturday highs.
Donald Trump's Solana meme coin fell to the lowest price seen since just hours after launch. It's now the biggest loser in the top 100 coins.
The cryptocurrency market has entered a high-volatility phase, with SUI, XRP, and Bitcoin all experiencing significant price swings. SUI is teetering on a key support zone, raising concerns of a potential 40% crash.
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After a sharp fall, Sui (SUI) has recovered significantly and is poised for massive upside momentum due to its bullish price action on the four-hour timeframe. Data shows that after witnessing a price drop of over 38%, the altcoin has soared more than 55%, reclaiming all the losses.
Solana (SOL) price is up 10% on Tuesday, February 4, as it attempts to hold above $200. Its market cap has recovered back above $100 billion.
Sol Strategies has strengthened its validator operations and SOL holdings, acquiring an additional 40,300 SOL worth $9.93 million. Expansion of SOL Holdings and Validator Operations Remain Key for Sol Strategies Sol Strategies Inc., a publicly traded Canadian firm focused on the Solana blockchain, has announced significant validator growth and expanded SOL holdings. Between Jan.
The Canadian investment company, led by former Valkyrie Investments co-founder Leah Wald, has also acquired validators on other blockchains and holds some BTC.
$PAIN meme coin project achieves unprecedented success by raising 187,774 SOL in a two-day presale, amid growing interest in Solana-based meme tokens.
The competition in the blockchain sector is heating up as Coldware (COLD) emerges as a strong alternative to Solana (SOL). With Solana (SOL) experiencing significant market turbulence, large investors, also known as whales, are diversifying their holdings, and many are shifting their focus to Coldware (COLD).
A major SOL transfer in recent hours has caught the attention of the crypto community. The transaction, which occurred between two unknown wallets, saw 1,190,645 SOL moved at a go, sparking speculation.
Solana price has pared back some of the losses made on Monday when Bitcoin and most altcoins crashed. This rebound may continue, with some analysts predicting a surge to $500.
Solana has made a moderate recovery over the past day after a dip below $200
SOL is consolidating near $216.90, testing key Fibonacci resistance. A breakout signals bullish momentum, while rejection could trigger a decline toward critical support around $173.42, defining short-term trend.
There is a potential Solana ETF on the horizon. Another altcoin, DTX Exchange, will be the best token to invest in today for maximum gains this year.
Solana reveals strong support under $200 resulting in a sudden bounce back and a potential rise to $250 on horizon. Amid the possibility of a new bull run, should you consider buying SOL?
Solana (SOL) is under significant bearish pressure as the cryptocurrency faces consistent selling, pushing its price from $200 to $187.99. Despite attempts at short-term recoveries, SOL is experiencing a challenging period, with key technical indicators suggesting that further declines could be on the horizon.
Canadian publicly traded company Sol Strategies announced the purchase of an additional 40,300 SOL tokens. This latest purchase, valued at approximately CAD 14.3 million ($9.9 million), comes at an average price of CAD 355.77 ($246.53) per SOL.
Solana demonstrated market resilience with a quick recovery from sub-$195 levels to $214, while VanEck's ETF filing and upcoming regulatory developments signal growing institutional interest in the platform.
Wrapped Bitcoin by BitGo can now move from Ethereum to Sui via Sui Bridge, expanding BTCfi for the Sui ecosystem. The price of Sui (SUI) surged to $3.37 on Tuesday, Feb. 4, gaining 8.
Solana (SOL) has faced a challenging phase recently, with its price dipping below the $200 mark, despite growing optimism surrounding a potential ETF approval. The odds for a Solana ETF approval in 2025 have soared to 85%, according to Polymarket, signaling increasing institutional interest and positive market sentiment.
The crypto market rebounded after Donald Trump agreed to delay tariffs on Canada and Mexico following a conversation with both presidents. As a result, Bitcoin (BTC) rebounded to reclaim the $100,000 level, with the flagship cryptocurrency trading at $100,360, up nearly 7% over the past 24 hours.
Hit by President Donald Trump's announced tariffs on major trading partners, China, Canada, and Mexico, the overall crypto market felt the impact, leading to a sell-off and increased selling pressure on altcoins.
As most of the crypto market remains in red, Solana (SOL) has started to recover from the market's sharp correction. The cryptocurrency's price has surged 7.5% in the last 24 hours, recovering from its three-week low and leading some analysts to suggest the bleeding might be over.
Following President Donald Trump's recent tariff announcement, global markets are in turmoil, with U.S. stock futures dropping significantly.