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Andrew Tate Predicts Solana Downturn To Boost “Real” Projects To ATH
Controversial internet personality and cryptocurrency enthusiast Andrew Tate has made waves with his recent statements on Solana (SOL) and the broader crypto market. On his social media platform X (formerly Twitter), Tate commented on Solana’s recent price decline, suggesting that it could eliminate weaker projects.
Andrew Tate On Solana Downturn
At the time of writing, the SOL price slipped by 3.34% to $$137.17 on Tuesday, June 18. Whilst, the crypto boasted a market valuation of $63.71 billion. Moreover, in the last seven days, Solana has lost over 11% in value, plunging from $160 to the current lows.
Andrew Tate believes that the Solana dip allows weaker projects to fall away and stronger. “Amazing downturn in Solana to let a bunch of projects die and the real ones bounce back to new ATH,” Tate wrote. Hence, he hinted at a selective survival within the ecosystem.
The implication is that the downturn will ultimately be beneficial. Furthermore, Tate noted that the downturn will streamline the market by removing underperforming or fraudulent projects. In addition, Tate expects projects with real potential to thrive, hitting an all-time high (ATH).
Among the “real” projects Tate alludes to is the DADDY meme coin, which he has consistently endorsed. Moreover, in a dramatic and bold move, Tate announced that he will publicly purchase and burn $1 million worth of DADDY tokens on an X live stream.
The burn will be initiated if the meme coin reaches a market capitalization of $300 million within the next 10 days. This announcement is seen as a strategic effort to boost investor confidence and drive up the token’s value.
Also Read: Top Performing Meme coins in This Crypto Market Crash
Is DADDY A ‘Real’ Crypto Project?
The DADDY coin is inspired by Tate’s online persona and branding. The crypto is one of many Solana meme coins that have gained popularity in the volatile market. Tate’s endorsement and his high-stakes promise have generated significant buzz within the crypto community.
However, whether Tate’s DADDY coin project is “real” is still uncertain. The meme coin project is accused of being subject to heavy insider trading with Tate as the main suspect. Last week, Bubblemaps, an on-chain data tracking platform, revealed that insiders hold a whopping 40% of the total DADDY token supply.
They suspected Tate to hold a major share as well. Subsequently, Tate burned a staggering $110 million worth of DADDY coin. This burn propelled the price higher albeit momentarily. Moreover, responding to the allegations, Tate affirmed that he would never sell his DADDY reserve but will “buy and burn” forever.
Also Read: Investors Are Rushing To Buy This Meme Coin Prior To the Mike Tyson vs. Jake Paul Fight: Here’s Why
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Shiba Inu price secured a hotspot on crypto traders’ and investors’ radars this Thursday by showcasing the potential for massive gains ahead. Primarily against the backdrop of a whopping 60,000% surge in the SHIB burn rate and bullish price pattern formations, the meme coin is signaling an imminent rally. Notably, SHIB price is currently trading at the $0.000014 level, whilst numerous renowned market analysts have predicted that a bull run is right over the horizon.
Shiba Inu Price Eyes 2x Gains? Analyst Predicts Amid Massive Burn Surge
A recent X post by crypto market trader and analyst ‘World Of Charts’ revealed that Shiba Inu price is eyeing 2x gains ahead. This bullish prediction is attributed to the meme coin showcasing the potential for a price rally with recent formations. As per the analyst, the coin’s price is currently trading in a descending channel range. A sustained breakout above the upper trendline in this formation cements the chances of a bull run.
For context, a descending channel pattern is a bearish formation characterized by two parallel trendlines sloping downward. Nevertheless, the analyst believes that 2x gains are possible, given that a sustained breakout above the upper trendline holds. This bullish projection promptly echoed a huge market buzz, with the latest burn statistics further bolstering investor sentiments.
Burn Rate Shoots Up 60,000% As Over 1B Coins Destroyed
According to Shibburn’s data on March 27, the SHIB burn rate surged by a whopping 57,291.91% intraday. Over 1 billion coins were permanently removed from the asset’s circulating supply in the past 24 hours.
As an upshot, bullish market sentiments surrounding the meme coin‘s price gained additional weight. Crypto market traders and investors anticipate bolstered SHIB price trajectories due to the constant hits to the supply, mirroring the law of supply and demand.
Shiba Inu Price Overview
Overall, the latest market stats have ushered in a remarkable bullish sentiment about the meme crypto’s future price aspects.
However, Shiba Inu coin’s price is currently down 1% from yesterday and trading at $0.00001446. Its intraday low and high were $0.00001408 and $0.00001561, respectively. Notably, the meme token is up nearly 13% over the week. The broader bullish action, coupled with recent burn metrics and price chart formations, further indicates that a rally is possible in the long term.
Meanwhile, another renowned market trader, Javon Marks, took the stage amid these bullish developments to project a bullish outlook for price. Javon conveyed that the token’s price is starting to return with signs of strength. A potential rally to the $0.000081 price target also awaits, per the analyst.
- Shiba Inu Price Eyes 2x Gains As SHIB Burn Rate Shoots 60,000%
- Dogecoin Price Eyes 10x Breakout After Elon Musk Ghibli Anime
- Analyst Reveals How Much Bitcoin Is Needed for Retirement in the US
- Ethereum Price Eyes $10,000 Breakout Amid Supply Squeeze Worry
- Crypto Price Today: BTC, ETH, SOL, XRP, SHIB, DOGE, LINK, PEPE, ADA
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Dogecoin price has been showing major strength recently with more than 14% gains on the weekly chart and eyeing a potential breakout above $0.21, after which it can kickstart rally to $2 for another 10x gains. Furthermore, Elon Musk has once again teased DOGE, sharing a Ghibli Anime character of his from a famour scene from “The Lion King”.
Dogecoin Price Eyes A 10x Breakout Ahead
In the last 24 hours, the Dogecoin price has surged another 4%, moving to $0.205 with its market cap just touching $30 billion. Additionally, the daily trading volumes have surged more than 32%, crossing $2 billion showing a strong bullish sentiment aong traders.
Additionally, the Coinglass data shows that the DOGE futures open interest is also up 4%, moving above $2 billion, while the 24-hour liquidations have soared to $13.82 million. Popular crypto analyst CryptoELITES has cited the formation of a cup-and-handle chart pattern, wherein the DOGE price is on the move to complete the cup pattern. As a result, he expects the meme coin to register 10x gains from here onwards.
Some traders also expect the DOGE price rally to continue to $8 as the meme coin breaks past the three-month trendline.
DOGE SuperTrend Indicator
Crypto analyst Ali Martinez has highlighted a potential bullish phase for Dogecoin (DOGE) based on the SuperTrend indicator. According to Martinez, the popular meme coin could enter a significant upward trend if it manages to break through the critical resistance level of $0.21.
The SuperTrend indicator usually helps to identify trend reversals and potential breakout points. Thus, surpassing this key threshold of $0.21 Dogecoin price could signal renewed investor momentum for the meme coin.
Elon Musk Teases the DOGE Ghibli Anime
In a parody of the famous scene from Disney’s “The Lion King,” Elon Musk once again teases Dogecoin with the much popular Ghibli Anime character. Instead of a lion cub, the character is holding up a Shiba Inu dog – the mascot of the Dogecoin cryptocurrency.
Theme of the day pic.twitter.com/2ioG0StAxL
— Elon Musk (@elonmusk) March 26, 2025
The animated image is reminiscent of Studio Ghibli. The Ghibli Animes are seeing massive popularity recently, and Elon Musk jumping into the trend with DOGE, could provide further catalysts for the meme coin. Furthermore, the Dogecoin price prediction charts show a probable consolidation above $0.20 for the month of April.
- Shiba Inu Price Eyes 2x Gains As SHIB Burn Rate Shoots 60,000%
- Dogecoin Price Eyes 10x Breakout After Elon Musk Ghibli Anime
- Analyst Reveals How Much Bitcoin Is Needed for Retirement in the US
- Ethereum Price Eyes $10,000 Breakout Amid Supply Squeeze Worry
- Crypto Price Today: BTC, ETH, SOL, XRP, SHIB, DOGE, LINK, PEPE, ADA
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Cryptocurrencies are swimming in a sea of red following a wave of market corrections across top assets. A glance at the charts reveals that crypto price today exhibits dour sentiments with BTC, ETH, SOL, and XRP in bleed mode.
Crypto Price Today: Top Coins Suffers Are In The Red
According to CoinMarketCap data, flagship cryptocurrency Bitcoin (BTC) has dipped by nearly 2% today to trade at $87,000, quelling enthusiasm for a run toward $90K. Bitcoin’s decline is pulling other assets underwater with the largest altcoin Ethereum down by 3.1% at just above $2,000.
The fourth-largest cryptocurrency by market capitalization has shed nearly 4% as it exchanges hands at $2.36. The asset has failed to rally following the dismissal of the Ripple SEC Case, wallowing at 38.27% from its all-time high of $3.84.
Furthermore, Solana (SOL) has lost 5% of its value as it trades at $137. The sixth-largest token has erased previous gains despite rising institutional interest from Polymarket enabling SOL deposits and BlackRock’s BUIDL fund launching on the network.
On the other hand, Cardano (ADA) is bleeding at $0.7, after shedding nearly 5% of its market capitalization in the correction. Predictions for ADA to $10 seem far off for the ninth-largest cryptocurrency with daily trading volumes of under $1 billion confirming widespread optimism.
Chainlink (LINK) trades at $15.19 with a respectable 1.68% decline for the asset. Daily trading volumes of over 12% are signaling a potential upswing for LINK price in the near future.
Memecoins Are Recording Impressive Gains
While the rest of the market is bleeding memecoins are bucking the trend to notch upswing. Shiba Inu (SHIB) has surged by nearly 4% as it seeks to eliminate a zero from its present price.
Dogecoin (DOGE) continues its upward trend, climbing by 2% to trade at $0.1945 on the heels of a Dogecoin Reserve. DOGE’s daily trading volume is matching the enthusiasm of price predictions touting the memecoin to embark on a strong rally.
The biggest gainer of the lot is PEPE with its near 7% spike over the last day. The memecoin has a daily trading volume of $1 billion, a 96% jump over the last day as it eyes an increase in its market value.
Despite the rallies, Ark Invest’s Cathie Wood says memecoins will lose value in the coming days. However, the memecoin rally was unable to stop the global market capitalization for crypto price today from sliding by 2% to settle at $2.84 trillion.
The post Crypto Price Today: BTC, ETH, SOL, XRP, SHIB, DOGE, LINK, PEPE, ADA appeared first on CoinGape.
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