Following Bitcoin’s (BTC) dip from its March high of $94,439 to today’s low of $76,808, most altcoins are experiencing a downturn. The broader crypto market cap reached $2.51 amidst the massive dip earlier today, a level it hasn’t visited since November 2024.

Although Bitcoin’s dip saw XRP drop to $1.92, the altcoin recovered by quickly climbing to $2.13, although it’s still down 3.48% over the past 24 hours. While established tokens struggle to make gains today, Best Wallet Token (BEST) is enjoying increasing attention during its presale as investors are drawn by its unique utility and early presale success.

BEST is currently just $66,000 away from surpassing $11 million raised, making it one of the most hyped presales today. With its position at the forefront of Best Wallet, the fastest growing Web3 non-custodial wallet, BEST token stands a solid chance to explode on launch, making its presale phase an excellent opportunity to start accumulating the token.

XRP Faces a Decline Despite a Major XRPL Update – What’s Next?

With a market cap of $123 billion, XRP is the fourth-largest cryptocurrency, and its price is currently plagued by uncertainty as it fluctuates around the $2 critical support level.

Although the token outperformed most leading altcoins over the past week, it is still down 9.70% over the past seven days. While XRP often saw its price increase following major updates to XRPL, the 2.4.0 update on March 7th saw the altcoin’s market cap drop from $150 billion to $139 billion, as market-wide bearish sentiment overshadowed positive technological developments.

XRPL’s latest update brought DynamicNFT (XLS-46) to the network, allowing its users to mint mutable NFTs, which could attract a new audience to XRPL and boost the adoption of XRP, often a bullish signal for the token.

However, as with previous updates, the changes must receive 80% validator approval over two weeks before they’re adopted, which fuels bullish sentiment among investors regarding XRP’s short-term potential.

Technical analyst Ali Martinez has spotted a head-and-shoulders pattern in XRP’s charts, pointing to the token’s explosive potential if it manages to break above the $3 mark. With its price above its 200-day Simple Moving Average (SMA) of $1.59 and just 28.71% of traders shorting the token, XRP stands a solid chance of reversing the negative trend.

Source: Ali’s X

If XRP breaks above the $3 level, Ali Martinez believes it could soar beyond $4.8. On the other hand, the analyst expressed concern about XRP’s potential downtrend continuation if it fails to invalidate the bearish pattern. He believes XRP could revisit the $1.2 level if it doesn’t hold support above $2.

As high volatility in the market induces fear in investors, with the Fear and Greed Index currently at 15/100, more strategic investments are taking priority, so it’s no surprise that Best Wallet Token isn’t losing momentum despite the market-wide downturn.

Investors Rush to Take Advantage of the Promising Token Presale’s Generous Staking Rewards and Airdrops

Best Wallet is already the first choice of more than 250,000 monthly users as it leverages robust security, user-friendly apps, and advanced features to achieve its goal of capturing 40% of the crypto wallet market by 2026.

The wallet is now preparing to release its native token, BEST Token, which is seeing impressive early adoption thanks to the unique benefits it offers to Best Wallet’s users.

Holding the token will enhance Best Wallet’s existing and upcoming features by ensuring lower transaction fees with its Best DEX feature and higher staking rewards via its upcoming staking aggregator. Additionally, it will offer numerous bonuses across iGaming platforms Best Wallet partners with.

BEST will also unlock unique benefits for those using the wallet’s most popular feature, Upcoming Tokens, which displays vetted presales and makes them accessible directly via its apps. Holding BEST will grant investors early access to other presales, giving them an edge over the general public.

Highlighting the project’s staking APY of 145%, meme coin analyst Austin Hilton believes Best Wallet Token is the “best crypto coin project” today. Additionally, the project’s smart contract has been audited by Coinsult, which found no critical threats to investor security.

He advises his audience to start adding it to their portfolios while its price is low, as its current per-token price of $0.0243 will only increase as more funds pour into the project.

Plus, the project has an active airdrop campaign that rewards investors with airdrop points that will later be converted into BEST. To become eligible for the rewards, investors simply need to connect to and interact with the project’s X (Twitter), Telegram, Discord, and other channels.

Although the crypto market is as volatile as ever, BEST’s early momentum and position in the center of the rapidly expanding Best Wallet ecosystem could see its price explode on launch, making this the best time to purchase the token.

Massive investment interest has developed because the ongoing presale demonstrates Ozak AI functions as an early-stage high-potential asset. The target price for Ozak AI stands at $1 for 2025 and it remains increasingly reputable among retail and institutional investors.

For more information about Ozak AI, visit the links below:

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. TIMES NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions. No Times Now Journalists are involved in creation of this article.)

Dogecoin sentiment hits the lowest level in over a year.

In the past few months, leading memecoin Dogecoin has tanked over 70% from a local high of $0.48434 to a low of $0.14280, nearly round-tripping over 350% gains made in Q4 2024. As such, it comes as no surprise that recent data suggests that DOGE sentiment is plummeting.

However, according to one leading analyst, these current market dynamics could present a good contrarian opportunity.

A Major Dogecoin Reversal Incoming?

Dogecoin sentiment is at its lowest level in over a year. This is according to Santiment Feed data shared by leading crypto analyst Ali Martinez on Tuesday, March 11.

Specifically, Dogecoin sentiment has dropped from November 2024 highs near 3.861 on Santiment’s scale to negative 0.935 amid the memecoin’s recent correction. At the same time, social volume has plummeted from nearly 3206 to 212.

According to Martinez, however, this could be a good contrarian opportunity, highlighting that similar drops in sentiment have often foreshadowed significant price reversals.

Interestingly, Dogecoin whales appear to be positioning themselves for such a move. On Monday, March 10, investors holding between 100 million DOGE and 1 billion DOGE added 1.4 billion DOGE worth over $224 million at current prices. It comes in addition to a $1.7 billion purchase worth over $300 million made a day before.

Is $2 the Target?

Martinez has recently suggested that DOGE could be gearing up for a rally to a new all-time of $2. He asserted that this was the memecoin’s next target if it could hold support at $0.16.

This support region seems to align with the intersection of the 78.6% Fibonacci retracement level with the bottom of a multi-year ascending channel on the Dogecoin’s daily chart.

However, for DOGE to embark on this run, it would likely need more favorable market conditions. In recent weeks, risk markets have been subdued by uncertainty over President Donald Trump’s tariff policies. This uncertainty graduated to fears of a recession this week.

Cardano hints at its first green candle after five days of selling. Will this recovery result in an ADA price surge to reclaim the lost $0.92 level?

Cardano has dropped nearly 12% over the past week as the crypto market remains volatile. Currently, ADA is trading at $0.7176, showing an intraday recovery.

Notably, this recovery comes after five consecutive days of declines, signaling the potential for continued downward pressure. As Cardano stands at a crossroads, the question remains: Will the bulls regain control of the trend? Let’s find out.

Cardano Price Ready For Bounce Back?

On the daily chart, the Cardano price trend shows a sudden halt to the ongoing decline, with an intraday recovery of 7.23%. This could signal the formation of a potential tweezer bottom, as Cardano fluctuates between the 50% and 61.8% Fibonacci levels.

These Fibonacci levels are at $0.6272 and $0.7351, respectively. Currently, with a 24-hour high of $0.7335, Cardano appears poised to bounce back for a potential V-shaped recovery.

However, the technical indicators are mixed due to the prevailing downtrend. The DMI indicator shows a negative crossover, with the VI lines shifting sideways after the recent crash.

Additionally, the daily RSI has dropped below the halfway mark but is showing an uptick with the intraday recovery. As a result, momentum indicators suggest weakness in bullish momentum due to the steep correction.

Whales Load Up 180 Million ADA Tokens

As Cardano’s price declines, crypto whales are taking advantage of the dip to acquire more ADA tokens. According to analyst Ali Martinez, crypto whales have purchased 180 million ADA tokens in the past week.

This has raised the holdings of whales with 1 million to 10 million ADA tokens in their portfolios to 6 billion. With whales continuing their strategy of buying the dip, the chances of a bullish comeback for Cardano are increasing.

Cardano Price Targets Amid Recovery Chances

With the intraday recovery and support from crypto whales, the likelihood of a bullish turnaround is growing for Cardano. Based on Fibonacci levels, a breakout above the 67.8% level at $0.7351 could present the next buying opportunity.

The next price target is the 78.6% Fibonacci level at $0.9216. On the other hand, Cardano’s key support is found at $0.65, with the 50% Fibonacci level at $0.6272, which provides further support.

The XRP price prediction indicates strong resistance at $2.50 as whales unload large holdings, increasing selling pressure and limiting upward momentum. Meanwhile, investors are turning to Rollblock (RBLK), drawn by its revenue-sharing model and high-growth potential.

With over 50,000 early adopters already on board, Rollblock’s blockchain-powered gaming platform is surging in popularity. As XRP struggles, RBLK continues to gain traction. The presale has raised nearly $11 million, and day-one buyers are already up 600%.

Rollblock: The Best Presale of 2025 Is Selling Out Fast

Rollblock is dominating the 2025 presale market, setting new records as one of the fastest-growing blockchain projects this year. Unlike speculative tokens, Rollblock has real adoption, strong revenue generation, and a growing user base. With primary exchange listings on the horizon, prices are set to climb even higher. Big-money investors and Web3 influencers are taking notice, positioning Rollblock as the top GameFi opportunity in the crypto market.

The platform delivers a blockchain-based, play-to-earn ecosystem with over 7,000 digital and live casino games and a sports betting platform. Rollblock is bringing security, fairness, and instant payouts to the $500 billion online gaming industry. Every wager and transaction is recorded on Ethereum’s immutable blockchain, ensuring complete transparency.

However, Rollblock isn’t just about gaming—it’s a high-reward investment opportunity. The project has secured a prestigious gaming license from Gaming Anjouan and passed Solidproof’s rigorous verification, reinforcing its credibility. With support for Apple Pay, Google Pay, Visa, and Mastercard, fiat on-ramping is seamless, opening the doors for mass adoption.

To drive long-term value, Rollblock employs a revolutionary revenue-sharing mechanism that will see the platform spend a portion of its earnings to buy back RBLK tokens from the open market every week. 60% of repurchased RBLK tokens are permanently burned, while 40% are redistributed to stakers.

With Stage 10 tokens selling at just $0.061, Rollblock’s momentum shows no signs of slowing down.

XRP Price Prediction: The Altcoin Falls to $2.18 as RippleX Rolls Out Major XRPL Upgrade

XRP trades at $2.18, with a 7.20% intraday decline, and its market value is $126 billion. The 24-hour trading volume, meanwhile, dropped 38.9% to $4.04 billion. That decline indicated investor sentiment may lose heat as traders lock in profits or wait for better price direction before acting. However, a major XRP Ledger (XRPL) update might shift momentum.

Source: TradingView

RippleX has introduced rippled version 2.4.0, a major upgrade to improve security, compliance, and efficiency. The update includes critical amendments, but as with previous versions, these changes must receive at least 80% validator approval over two consecutive weeks before activation, ensuring XRPL remains decentralized.

One of the standout features is DynamicNFT (XLS-46), which allows mutable NFTs and enables metadata modifications even after issuance. This advancement expands XRPL’s NFT capabilities, making it more flexible for digital assets. Meanwhile, PermissionedDomains (XLS-80) enhances compliance by restricting domain access within the XRPL ecosystem, aligning it with regulatory standards.

However, XRP’s price action is showing mixed signals. According to crypto analyst Ali Martinez, XRP is forming a head-and-shoulders pattern, which, if confirmed, could push the price down to $1.20.

Meanwhile, Martinez also notes that if XRP avoids closing below the neckline and instead breaks above the right shoulder, it could invalidate the bearish setup. In that case, a bullish breakout toward $5 could be on the horizon.

With a key upgrade rolling out and technical indicators flashing uncertainty, all eyes are on XRP’s next move in the coming weeks.

Why Investors Will Choose Rollblock Over XRP in 2025

While XRP struggles with price resistance and whale sell-offs, Rollblock thrives with real adoption, strong revenue generation, and high staking rewards. Unlike XRP, Rollblock offers weekly casino profit-sharing, a deflationary token model, and 30% APY staking rewards.

With exchange listings ahead and a booming iGaming sector, Rollblock presents more significant upside potential in 2025.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website: https://presale.rollblock.io/

Socials: https://linktr.ee/rollblockcasino

The crypto market today has been in a tussle with the bears, as recession fears a nd liquidity pressures have sent shockwaves across crypto assets. The turbulence is such that the Fear & Greed Index has dropped to an “Extreme Fear” score of 15, for the first time since the FTX crash. 

Coming to numbers, the crypto industry’s market cap has slid by 4.37% over the past 24 hours to $2.59 trillion. The looming fear around recession in the U.S. has led to liquidations amounting to over $900 million. Curious about the price trends of Bitcoin, and altcoins? Read this news until the very end!

Bitcoin Shows Resilience Yet Again!

Bitcoin managed a sharp bounce from its 24-hour low of $76,624.25, climbing to $80,155.34 by the time of writing. This comes despite the $317.95 M worth of liquidations in the past 24-hours, as posted by Coin Glass. Bitcoin’s market cap currently stands at $1.59 trillion, with trading volume soaring by over 52% to $58.75 billion.

To decode Bitcoin’s next big move, read our Bitcoin (BTC) Price Prediction 2025, 2026-2030 NOW!

Altcoins Drop Big?

Ethereum too took the brunt, dropping 8.36% to $1,893.45. XRP also tumbled, posting a 4.31% decline. Solana price shed 3.53%, floating around $123.35.

Top Gainers & Losers

On the brighter side, MOVE token leads today’s gainers with a 6.49% uptick, followed by STORY IP and OM, which rose by 3.85% and 3.74%, respectively. Among the losers, FET plunged 15.59%, while LDO and UNI fell 13.51% and 11.55%, respectively.

Check our XRP Price Prediction 2025, 2026-2030, to learn how far XRP price can go after Ripple vs SEC lawsuit.

Subscribe to us, to stay ahead of the market curve!

FAQs

Cardano (ADA), currently priced at $0.7485, has long been a contender in the cryptocurrency space. As the crypto market gears up for what is expected to be a new bullish trend, many are asking: “Will Cardano’s price reach $2 in 2025?” and “Could it hit $10 by 2030?” This detailed Cardano price prediction will delve into the potential for ADA’s growth, from its price performance in 2025 to its long-term outlook through 2030 and beyond.

Cardano Price Overview

• Current Price: $0.7485
• Market Cap: $26.37 billion
• Circulating Supply: 35.22 billion ADA tokens
• All-Time High: $3.10 (September 2021)
• All-Time Low: $0.01735 (October 2017)

With a solid market cap and a rich history, Cardano is considered a strong player in the crypto space. But how will it perform over the next few years? Let’s break down the projections for ADA’s price through 2025, 2026–2030.

ADA Price Prediction for 2025

2025 is expected to be a pivotal year for ADA, with the cryptocurrency market showing signs of bullish trends. Thanks to political shifts, particularly the pro-crypto stance of U.S. President Donald Trump, the broader market may experience substantial growth. For Cardano, this could mean a potential price surge, possibly breaking through its previous all-time high.

Potential Price Range for 2025:

• Low: $1.81
• Average: $2.10
• High: $2.62

With increased adoption of Cardano’s blockchain and growing market sentiment, a price of $2.62 could be within reach by the end of 2025. However, should market conditions turn bearish, ADA may close the year with a price closer to $1.81.

Cardano Price Predictions for 2026 – 2030

As we look further into the future, Cardano’s price is forecasted to experience a steady rise. The adoption of the Cardano blockchain for various use cases, along with its ongoing updates and partnerships, will play a key role in its price performance.

2026 Price Prediction

In 2026, ADA’s price could see a significant increase, with a potential low of $2.76 and a high of $3.30. The continued market growth and development of Cardano’s ecosystem will likely push the price towards these levels.

• Low: $2.76
• Average: $3.03
• High: $3.30

2027 Price Forecast

By 2027, the price of ADA could rise further, reaching between $4.56 and $5.03. The growth of decentralized applications (dApps) on the Cardano blockchain and continued support from the pro-crypto political climate could support this increase.

• Low: $4.56
• Average: $4.79
• High: $5.03

2028 Price Projection

Looking to 2028, ADA’s price is expected to hover between $5.29 and $5.73. With Cardano’s increasing integration into mainstream financial systems and more utility for its blockchain, the cryptocurrency could continue to rise steadily.

• Low: $5.29
• Average: $5.51
• High: $5.73

2029 Price Outlook

In 2029, Cardano could approach the $7 mark, with an average price of about $7.23. The integration of Cardano into global finance, partnerships with financial institutions, and the global adoption of cryptocurrencies could further drive ADA’s price upwards.

• Low: $6.68
• Average: $7.23
• High: $7.79

2030 Price Forecast

Finally, in 2030, the potential for ADA to reach new heights is significant, with a possible high of $10.32. The adoption of Cardano as a global platform for various industries and its advancements in technology could lead to its position as one of the top cryptocurrencies by market capitalization.

• Low: $9.12
• Average: $9.72
• High: $10.32

Will Cardano Reach $10 by 2030?

While it’s impossible to predict with certainty, the outlook for Cardano over the next decade appears positive. The price prediction for 2030 suggests that Cardano could indeed reach the $10 mark, especially as the broader crypto ecosystem continues to mature and as Cardano’s use cases grow. Factors like the global shift towards decentralized finance (DeFi), Cardano’s growing partnerships, and innovations in blockchain technology could provide the necessary momentum for ADA to achieve such a milestone.

Conclusion: Is Cardano a Good Investment?

If you’re considering buying Cardano this year, 2025 could be an opportune time as the altcoin market is expected to hit new highs. While ADA’s price may experience some volatility along the way, its long-term growth prospects seem promising, especially as the adoption of Cardano’s blockchain technology continues to grow.

Based on the current market trends, the political landscape, and Cardano’s ongoing developments, ADA could very well reach its $2 target by the end of 2025, with its ultimate potential soaring to $10 by 2030. However, as always with cryptocurrencies, it’s essential to consider the risks, as the market can be unpredictable.

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The cryptocurrency market is currently facing a downturn, and XRP (XRP) is not immune to the impact. After reaching an all-time high of $3.40 in mid-January, XRP has experienced a significant drop, now trading around $2.20. This drop, which represents a 35% decline over the past two months, has raised concerns among investors about the future of the token. As the crypto market experiences broader market-wide losses, the big question remains: can XRP bounce back to $3, or will it crash to $1.50?

Market Factors Affecting XRP’s Price

Several key factors have contributed to the current downtrend in XRP’s price. Bitcoin has seen a drop of 4%, and other altcoins, such as Ethereum (ETH), Solana (SOL), and XRP, have also experienced significant losses. The overall market is down by 7%, and the recent market dip is largely attributed to geopolitical factors, such as rising tensions in the U.S.-China trade war, Donald Trump’s executive order preventing taxpayer funds from purchasing altcoins, and a massive $616 million in liquidations, primarily from long positions.

Shrinking Profits and Weak Market Sentiment

XRP has also faced internal challenges, as its price continues to decline. On-chain data reveals that the amount of XRP held in profit has decreased by 6.39 billion tokens in just one week, marking its lowest level of the year. This drop in profitability has resulted in a higher number of XRP holders at a loss, leading to increased selling pressure. This sentiment could drive the price even lower in the short term, as traders may continue to offload their positions.

Decreasing Demand and Lower Investor Interest

One of the key reasons for XRP’s lackluster performance is the noticeable slowdown in new investor demand. According to Santiment, only 4,516 new wallet addresses were created on a recent Sunday to trade XRP. This is the lowest daily count recorded for the year, signaling a drop in fresh investments. A decrease in demand typically leads to slower trading activity, which weakens support for the token. If this trend continues, it will be difficult for XRP to recover and sustain upward momentum in the short term.

Moreover, broader market sentiment is not helping. Morgan Stanley analyst Michael Wilson has forecasted a 5% drop in the S&P 500 in the first half of the year, which could drag XRP and other altcoins lower. As market liquidity tightens, investors may retreat from riskier assets like altcoins, adding to XRP’s downward pressure.

Technical Analysis: Can XRP Break the Bearish Trend?

On the technical side, XRP has been facing significant resistance since its all-time high. The token has been trading below a descending trendline, indicating a bearish pattern characterized by lower highs. As long as XRP fails to break above this descending trendline, it remains vulnerable to further downside pressure.

Currently, XRP is hovering around $2.17, with resistance at $2.93. Should the price fail to break through this resistance, it could continue its downward trajectory. In such a case, the next key support level to watch would be $1.47. If selling pressure intensifies, XRP may test this support level, which could trigger further declines toward $1.50 or lower.

Can XRP Bounce Back?

For XRP to turn around its price decline, it would need a substantial shift in sentiment and strong buying pressure. If XRP can break above the descending trendline, the next major resistance is at $2.93. A breakout above this level could signal a recovery and provide hope for a potential rebound back to $3. However, with demand at a yearly low and bearish sentiment still dominating, XRP faces a difficult battle in the near term.

Unless investor interest picks up and market conditions improve, XRP could remain under pressure, facing the risk of further declines in the coming weeks.

Conclusion: The Outlook for XRP

XRP’s future price action largely depends on external market factors and internal demand for the token. If the broader market downturn continues, and XRP fails to break through key resistance levels, the price could drop further, potentially testing levels as low as $1.50. However, if investor interest picks up and the market sentiment shifts, there is still the potential for a rebound back to $3 or higher.

In conclusion, the short-term outlook for XRP is challenging, with the risk of further losses. However, XRP’s long-term recovery will depend on a variety of factors, including new demand, broader market conditions, and the ability of the cryptocurrency to regain its bullish momentum.

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After experiencing extreme bullish and bearish action since the start of 2025, Solana ($SOL) has now fallen approximately -57% from its January high of almost $296.

Although President Donald Trump had previously mentioned that Solana and a few other altcoins would be included in what was then referred to as the “US Crypto Strategic Reserve,” David Sacks (the US crypto czar) has since clarified that the government will not purchase these assets. Instead, it will simply hold the assets that it acquires through criminal and civil forfeiture proceedings, as part of the country’s Digital Asset Stockpile. 

Meanwhile, the US government’s Bitcoin holdings will be managed separately within an officially confirmed Strategic Bitcoin Reserve.

Crypto analysts are still debating the future of the industry following the White House’s first-ever crypto summit event, which took place last Friday. President Trump and key industry executives engaged in extensive discussions about creating new regulations to cover digital assets, and it soon became clear that this process will take longer than many commentators previously expected.

The uncertainty surrounding these updates has caused a swift weekend sell-off, leaving investors wondering if now is a good opportunity to buy SOL before a possible rebound in April.

Solana Price Prediction – Should You Buy SOL on the Dip?

The price of SOL dropped below $127 on March 9, and continued trading around that level through Monday morning. This represents a -29% drop since March 3, and a -57% fall in comparison to January’s peak SOL price (and the asset’s all-time high) of $295.

Several factors have caused this slump. For example, Solana experienced outflows of approximately $485 million in February as some investors shifted to more stable assets amid global uncertainty. Controversy around Solana-based meme coins has also been a significant contributing factor, ranging from harmful content broadcasts on the Pump.fun launchpad to the high-profile collapse of the Libra token – which had even been promoted by Argentinian president Javier Milei.

Bullish sentiment around Solana’s inclusion in the US crypto reserve proved short-lived, as the resulting 24% gain on March 2 was almost immediately followed by a -20% dip on March 3, which erased the previous day’s gains. David Sacks’ statement that altcoins included in the US Digital Asset Stockpile will only be acquired through criminal and civil proceedings (and not government purchases) has caused sentiment to turn even more bearish, leading to a -7% dip on March 9.

Nonetheless, some analysts consider SOL to be a high-potential coin if more bullish US crypto policy updates come into play.

Popular analyst That Martini Guy (676,000 followers) has even forecasted a potential rebound to $300 by April. However, the Grok AI responded to a skeptical user who commented on this post, stating that the $300 Solana price prediction seems overly optimistic – and highlighting Changelly’s prediction of $191.52 for September as potentially more realistic.

The volatility in crypto markets has been extremely high since the final days of February, with Bitcoin still fighting to stay above $80,000. This makes SOL price predictions even more tricky – and Solana’s track record of network outages remains a huge pain point for many users and investors, adding to the SOL price’s long-term instability.

Solana’s outages have historically occurred during peak network usage. If Solana’s team can address these technical issues, it could increase SOL’s long-term growth prospects. In the meantime, many investors are backing Solaxy, a Layer 2 solution designed to tackle Solana’s biggest pain points and enable more reliable profit expectations for investors.

Solaxy Gaining Momentum as Solana’s First-Ever Layer 2 Solution Raises $25M

As traders continue to assess Solana’s future, one emerging project that has caught their attention is Solaxy ($SOLX) – the first-ever Layer 2 solution for Solana’s ongoing scalability issues. 

While the notoriously slow Ethereum blockchain has been able to rely on successful rollup protocols like Arbitrum and Optimism to improve its performance, Solana has so far lacked a comparable Layer 2 network. Solaxy aims to fill this gap by moving transaction processing off Solana’s mainnet, and then batching these transactions for final confirmation. Web3 projects using Solaxy will then benefit from vastly reduced network congestion, which will in turn prevent failed transactions from occurring.

If Solaxy can match the success that Layer 2 solutions have achieved on Ethereum, it would quickly become a game-changer for Solana’s ecosystem.

Although SOLX is still progressing through its presale, it’s already raised over $25 million. Last week, the project attracted a whale purchase of nearly $242,000. This shows that smart money is already moving to Solaxy, anticipating strong demand for new technology that solves Solana’s congestion problem.

SOLX will be used for all transactions on Solaxy, and also gives holders special voting rights. By holding SOLX, you can also stake your tokens to earn passive income. Early buyers can stake SOLX for an annual yield of up to 159% pa.

The SOLX token is currently available for $0.001658 during the current presale phase, but time is running out as this price is set to quickly increase when the next presale round begins. 

Visit Solaxy Presale

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Ethereum (ETH) has been having a rough time since last month. Over the past week, it has dropped 16%, hitting $1,861 today from an intraday high of $2,138. This is its lowest since December 2023. The question everyone is asking is, will ETH ever recover from this?

According to Glassnode, only 50% of Ethereum holders are still making a profit, compared to 82% at the start of the year.  

Some investors are losing their funds, while some are choosing to sell at a loss, which is causing the price to fall.

Looking at the monthly chart on TradingView, the price is not doing great. It has been trading below the Ichimoku Cloud since January 25, a sign that the market is still bearish. 

Meanwhile, $1.8 billion worth of ETH left exchanges in the biggest outflow since December 2022 last week, according to Lookonchain.

Usually, when investors move ETH to private wallets instead of exchanges, it means they’re holding for the long term. This could signal a potential price rebound soon.

Will Eth Crash to $1300?

If Ethereum’s price continues to fall, it could hit $1,300, which is another support level on the monthly time frame.

But if demand picks up, ETH could climb back to $4,045, which is a 120% surge from its current price level. However, this is uncertain as the market is still controlled by the bears. 

As of now, the most likely scenario for ETH is to test the support at $1700; if it fails, there would be catastrophic liquidations, and the market will need a hard time to recover.

Also Read: Bitcoin Falls Below $80k As Trump’s Reserve Plan Spark Volatility: Here is Why