Data News > SOLUSD Recent News Highlights

SOLUSD Recent News Highlights

By KlickAnalytics Data Insights  |   December 31, 2024 09:09AM ET

The cryptocurrency market continues to be a hot topic as major players like Dogecoin and Solana eye Q1 2025 highs, but Rollblock may lead with a breakout rally. In a recent post, pro-XRP lawyer Bill Morgan has predicted that XRP and HBAR will outperform Bitcoin, Solana, and Ethereum in 2025, following Ripple's native crypto's robust rally this year, especially after Donald Trump's election win.



Solana (SOL) is currently at a critical juncture, having experienced a 5% price increase over the last week but facing a small correction that has caused it to slip below its previous highs. However, SOL capped off 2024 with an impressive achievement, leading the cryptocurrency space in weekly stablecoin growth, with its stablecoin market capitalization surging back above $5 billion.



As the 2025 horizon approaches, the Solana price forecast suggests potential for significant growth, with predictions indicating a rise to $400. Despite recent market fluctuations, SOL is poised for further advancements as the year comes to a close.



On the other hand, Bitcoin (BTC) has continued to slide, despite signs of an attempted recovery that saw it reach an intraday high of $94,804 before dropping to a low of $91,788. BTC is currently trading at $92,317, down almost 1.33% in the past 24 hours.



Major crypto whales from Solana, Toncoin, and Ripple are now eyeing Lightchain AI, a rising star that combines AI with blockchain technology. Solana's price has been trading within a narrow range after dropping from the $200 threshold, with support levels rising from $175 to $186, indicating that buyers are gaining control over the rally.



The new year is approaching, and with prices expected to explode in a Q1 market rally, the best coins to invest in for key reasons are Solana (SOL), Cardano (ADA), and DTX Exchange (DTX). Slinky, a blockchain project utilizing ZK compression, has launched an airdrop to distribute 10% of its total supply to 27.7 million wallets on Solana.



As SOL bulls continue to accumulate tokens amid a slight market correction, some traders are aligning for positive movement next year, projecting bullish price projections above $250. A popular crypto analyst has suggested selling Solana if it falls below $180, raising questions about SOL's ability to capitalize on the latest Solana network stablecoin and TVL growth.



Despite its price performance showing a compression of volatility, Solana remains a strong contender for a potential recovery in 2024. DEXs registered new monthly trading volume records in December, with Solana-based protocols dominating the sector, according to DefiLlama.



Zeus Network has introduced zBTC, a tokenized form of Bitcoin, on Solana's blockchain, offering new yield opportunities for Bitcoin holders. Meanwhile, a famous crypto expert who accurately predicted Solana's price rally to $250 ATH in the 2021 crypto bull markets is now driving FOMO among big whales and retail crypto investors with bullish ROI forecasts for WallitIQ (WLTQ).



AI-powered real estate platform Janover has announced crypto payment acceptance and is exploring digital asset treasury allocation amid rising corporate adoption. Overall, the cryptocurrency market remains dynamic and full of potential for investors as we head into 2025.

For more information:
  • Seasonality Analysis
  • Volatility Analysis
  • Price Distribution Analysis
  • This article was generated by KlickAnalytics automated data insight content engine.

    Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.