In a surprising move, investment funds based on other altcoins failed to follow in the footsteps of crypto giants, with Solana, XRP, Cardano, and Litecoin witnessing inflows during the week. The latest weekly report on digital asset investment funds by CoinShares depicts a trend of weaker investment sentiment among institutional investors.

Standard Chartered Bank has predicted that Solana's (SOL) price may soar by five times by the end of 2025 if Donald Trump wins the upcoming US presidential election. This outlook comes as Solana's user base grows, with the network seeing more than 100 million monthly active addresses for the first time.

Sui (SUI) price has recently experienced a notable rise in market value, standing out even as the broader cryptocurrency market struggles. Over the past week, SUI has defied the downturn, continuing its upward momentum after being one of the top-performing large-cap cryptocurrencies in September.

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Standard Chartered's latest research reveals that Solana (SOL) could see substantial valuation growth if former President Donald Trump wins the election against Vice President Kamala Harris. According to the report, a Trump administration would be more favorable for Solana's rise compared to Ethereum (ETH).

Standard Chartered's Global Head of Digital Assets Research Geoff Kendrick predicts a potential increase in the value of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), irrespective of who wins the U.S. election. What Happened: Kendrick's projections include a potential quadrupling of Ether and a tripling of Bitcoin's value under a Trump administration.

The bank's analysts remained bullish on bitcoin and crypto in general no matter who wins the presidency in November.

The altcoin space has remained calm in the recent past, with most projects signaling imminent bullish breakout after consolidating in the past seven months. The crypto cash rotation will be favoring the altcoins in the near term after Bitcoin's (BTC) price dominated the past year.

Crypto Market Highlights: The cryptocurrency market capitalization stands at $2.17 trillion, down 0.79% in the last 24 hours, while intraday trading volumes rose by 32.09% to $78.72 billion. Investor sentiment is still neutral, with the Fear & Greed Index at 41. In the larger market, Chinese stocks listed in the United States have fallen dramatically.

Solana's native coin ($SOL) has outpaced the two market leaders by flying colours this last year, despite the fact that its fortune is often closely pegged to the price movements of Bitcoin ($BTC) and Ethereum ($ETH).

FalconX, a crypto prime brokerage, has been holding onto 1.35 million Solana (SOL) tokens, worth $190 million, for years without even realizing it. The tokens have been sitting with them since 2021.

USDC, a major stablecoin, is now available on the Sui Mainnet, enhancing liquidity and value transfer within the DeFi ecosystem as Sui's TVL surpasses $1 billion.

Sui Network gains momentum; $4 price target appears achievable amid rising adoption.

According to a recent analysis from Standard Chartered, Solana (SOL) is projected to significantly outperform Ethereum (ETH) and Bitcoin (BTC) by 2025—if Donald Trump wins the U.S. presidential election. Geoffrey Kendrick, Global Head of Digital Assets Research at the bank, predicts a fivefold increase in Solana's price under a Trump presidency.

Developer activity surged by 10.7% for Layer 1 blockchain Solana in October.

Sui received a major boost after stablecoin issuer Circle announced support for native USDC on the layer-1 blockchain platform's mainnet. Circle announced native USDC (USDC) was live on Sui (SUI) on Oct. 8.

FalconX, a prime cryptocurrency broker, failed to track 1.35 million Solana (SOL) tokens, worth around $190 million, since 2021.

The growth has not lasted long, as most of the coins are again in the red zone, according to CoinMarketCap.

TL;DR Jupiter Exchange has launched its Mobile App, designed to facilitate access to Solana (SOL) for both new and experienced cryptocurrency users. The app allows users to easily purchase Solana using various payment methods, such as Apple Pay, credit cards, and PayPal, eliminating barriers for users.

The bank also predicted that Bitcoin will hit $200,000 by the end of 2025, regardless of who wins the U.S. Presidential election.

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Standard Chartered's Geoff Kendrick forecasts Solana's price could increase fivefold by the end of 2025, if Trump wins U.S. presidential race.

Solana (SOL) co-founder Anatoly Yakovenko believes meme tokens have a role to play in advancing the product-market fit of crypto projects. Yakovenko says on the social media platform X that memecoins offer something unique to the crypto industry.

Grammy-winning rapper Cardi B appears to have launched a meme coin. And insiders look to have already made $250,000 from it in just 12 hours.

Perplexity is an artificial intelligence (AI) model gaining the spotlight by its real-time web scanning to access up-to-date data. The AI recently appeared in a list of notable and feared competitors by OpenAI, ChatGPT's developer, as Finbold reported.

Solana reached a new milestone, but the token's investors have concerns.

Circle has introduced native USDC on the Sui blockchain, enabling seamless access to USDC liquidity without bridging. This development supports Sui's expanding ecosystem of over 85 applications.

In a remarkable rise that has captured the attention of the cryptocurrency community, HIPPO has rapidly emerged as the leading meme coin on the SUI blockchain. As of October 8, 2024, HIPPO has seen an astonishing 164% increase in price, reaching $0.01609, with a market capitalization now exceeding $160 million.

Solana has established itself as the undisputed leader in the launch of new tokens within the crypto ecosystem. With over 87% of new tokens created on its platform, Solana significantly outpaces its competitors.

During this cycle, Memecoins, especially Solana-based ones, became the leading narrative of the crypto market. These tokens have eclipsed investors' attention and overshadowed the performance of many large-cap altcoins.

Solana price is on the cusp of a breakout from a bull flag setup, although the Bitcoin price has been interfering. Nevertheless, top analysts have concluded that SOL price will have one of the best bull markets this cycle, pulling the entire meme coin industry up after multiple bullish patterns emerged on its price chart.

Bitcoin (BTC) found support at around $62,000, helping it stabilize and prevent a further decline. The world's largest cryptocurrency has shed almost 2% over the past 24 hours after facing considerable volatility over the previous week, which saw highs of over $65,000 and a low of $59,800.

Sui, often dubbed the Solana-killer, continued rising on Oct. 8 amid a record surge in its futures market. Sui (SUI) jumped to an intraday high of $2.

Solana's strong market interest could push it past key resistance, setting off a rally.

Solana's decentralized exchange (DEX) volume experienced a dramatic surge in Q2, largely driven by the memecoin frenzy.

SUI has recently become one of the most hyped chains with a huge potential of going 10x from the current levels. The trading activity surged aggressively which elevated the SUI price above $2. This move also pushed SUI above Near Protocol but remained only for a while.

Is a new ATH for SUI price near or far? Here is all you need to know about SUI bullish momentum

Despite a minor pullback in Bitcoin under the $63k level, resulting in a deceleration in altcoins, SUI and APT continue to rise. With SUI surpassing the $2 mark and Aptos nearing the $10 psychological milestone, the upside potential in these two crypto is massive.

Solana trimmed gains and declined below the $146 support. SOL price is consolidating and might aim for a fresh increase unless there is a break below $140.

Cryptocurrency Prices Today, October 8: The broader market on Tuesday witnessed a bag of mixed price actions, sparking investor speculations globally. Bitcoin (BTC) price slipped to the $62K level over the past day, whereas Ethereum (ETH), Solana (SOL), and XRP mimicked a waning price trajectory.

SUI has gained massive attention from the crypto enthusiast following an impressive 13% of price surge over the past 24 hours. However, traders have started betting more on short positions.

Though the market is currently not as favorable as some traders would like, Ethereum is displaying some strength as it approaches the $2,500 mark. Despite the fact that Ethereum has been rising lately, there are questions about whether there is enough momentum to keep the trend going given the lack of noticeable trading volume.

Sui continues to see a surge in interest, which has proliferated in a double-up for investors over the past month.

Solana (SOL) continued its growth trajectory in Q3 2024, with a surge in investment activity despite a dip in on-chain usage.

Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome.

As we move into the final quarter of 2024, all eyes will be on Solana to see if it can maintain its commanding lead in new token launches.

The SUI price surged 12.7% during the U.S. market trading sessions, currently trading at $2.07. The bullish trajectory can be attributed to TVL's surge above the $1 Billion mark, and Bybit's Launchpool supports SUI as its first native token.