SOL and BNB showed positive signs hinting at the correction completion. Further confirmation is needed as the prices now reached key resistance levels.
Solana experienced an 11% price drop below $170 before recovering to $186, creating a technical framework centered around the $182 support level and $192 resistance, with market participants watching for a potential break above $210 to signal stronger recovery potential.
The crypto market remains mainly green today, according to CoinStats.
Banking giant JPMorgan has predicted that Solana and XRP ETFs could attract $14 billion in new investments in their first year if the Securities and Exchange Commission (SEC) gave the green light.
According to CoinMarketCap, Solana currently ranks sixth among the top largest crypto assets by market capitalization.
Solana and XRP ETFs are on track to receive approval in the United States. JPMorgan says these ETFs can attract billions of fresh money.
JPMorgan analysts predict XRP and Solana ETFs could attract up to $8 billion and $6 billion respectively in their first year, based on patterns seen with Bitcoin and Ethereum ETFs.
The cryptocurrency sector rose by 2.29% to $3.36 trillion as markets recovered, driven by a resurgent Bitcoin (BTC) crossed the $97,000 mark, up over 2% in the past 24 hours. BTC briefly dropped below $90,000 earlier in the week, spooking markets and leading to a considerable decline among cryptocurrencies.
JPMorgan's bullish Solana and XRP ETF projections sparked Futures activity and institutional interest post-report.
A Franklin Templeton report states that 70% of AI agents use Solana as their blockchain of choice due to its scalability and low transaction costs.
Solana (SOL) has experienced significant volatility recently, with a large crypto whale dumping over $21 million worth of tokens. Despite this, the altcoin appears to be holding steady and could see a strong recovery if it maintains key support levels.
JPMorgan expects significant inflows for XRP and Solana ETFs in 2025, predicting a combined $14 billion within six to 12 months if approved.
Solana (SOL) finds itself at a crucial juncture following a volatile day of trading. The price plunged over 11%, briefly dipping below the $170 mark before staging an impressive recovery.
Analysts from JPMorgan are very bullish on altcoin ETFs in 2025, claiming that XRP and Solana ETFs could attract $14 billion in inflows.
Expected Solana and XRP ETFs could attract sizable investment, JP Morgan analysts said, but it's unlikely they'll match the Bitcoin boom.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
JPMorgan has dropped a positive hint at the adoption of Solana ETF and XRP ETF, while considering the success that the current US Crypto ETFs have achieved within a year. As a result, SOL and XRP tokens have picked up upside momentum, showing signs of an upcoming rally.
Solana, Dogecoin, and Worldcoin rebound sharply, but technical analysis suggests risks of dead cat bounces and potential further declines.