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AVAX Price Rally To Surpass Solana Price Surge: Santiment
Avalanche (AVAX) and Solana (SOL) prices have each seen over 7% rallies today, reflecting growing investor confidence in these cryptocurrencies. While a broader market recovery has boosted this uptrend, specific catalysts have played significant roles in their respective gains.
A notable Solana price surge, linked to new ETF developments, contrasts with a more subdued yet promising AVAX rise, which experts say could outpace Solana’s in the near future.
Solana Vs AVAX: Market Confidence To Dominate ETF Hype
Solana’s recent price rally has been largely driven by the announcement from VanEck, the first U.S. firm to file for a Solana ETF with the SEC. This move has ignited optimism among traders and analysts alike.
In addition, Bloomberg analyst James Seyffart’s prediction that the Solana ETF might be approved by 2025 further bolstered enthusiasm, leading to a significant influx of investor interest and price gains. Notably, the excitement around Solana’s ETF prospects underscores how powerful market sentiment and speculation can be in driving price action.
On the other hand, Avalanche (AVAX) has been capturing investor interest for reasons that extend beyond immediate ETF speculation. Recently, market expert Quinten identified AVAX among a list of cryptocurrencies likely to receive ETF approval by 2025.
Alongside Solana and Chainlink, AVAX was highlighted for its strong potential, fueling positive sentiment among investors who anticipate long-term gains from possible ETF endorsements. However, Santiment, a prominent on-chain analytics firm, provides a contrasting perspective on the two cryptocurrencies’ rallies.
Meanwhile, Santiment suggests that Solana’s current surge is fueled by a Fear of Missing Out (FOMO) among traders, which might not sustain long-term growth. In contrast, Avalanche’s quieter rally, which has not yet caught the broader market’s attention, may have more room to grow steadily.
This distinction could be crucial for investors considering which asset to back as the market evolves.
Also Read: Kraken Co-Founder Donates $1M In ETH To Donald Trump
What’s Next?
The developments around Solana ETF have demonstrated the profound impact that institutional interest and regulatory milestones can have on cryptocurrency prices. VanEck’s filing alone caused a noticeable spike in Solana’s price, showcasing the market’s sensitivity to regulatory progress and investor sentiment.
On the other hand, AVAX’s modest but steady price increase suggests a different dynamic. Its progress, somewhat overlooked by the mainstream cryptocurrency community, could indicate a more sustainable growth pattern. As noted by Santiment, the lack of immediate hype around AVAX might work to its advantage, allowing for a more organic rally that could persist longer than Solana’s FOMO-driven surge.
In addition, Santiment warned over market fluctuations, influenced by ongoing legal battles, like Coinbase lawsuit against the SEC and FDIC regarding document restrictions. These broader market conditions and legal uncertainties could affect both Solana and AVAX, making the need for careful monitoring of these factors crucial for potential investors.
Meanwhile, AVAX price was up 8.13% during writing and exchanged hands at $27.96, after touching a 24-hour high of $28.29. On the other hand, Solana price jumped 7.12% to $145.35, while its trading volume skyrocketed 122% to $3.15 billion. The crypto has crossed the $150 mark in the last 24 hours.
Furthermore, CoinGlass data showed that Avalanche Futures Open Interest rose nearly 5% from yesterday, while Solana’s Open Interest jumped about 7% to $2 billion.
Also Read: 21Shares Files Form 8A For Spot Ethereum ETF After VanEck
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.
Several big stories and developments have occurred in the crypto space this week, including innovations in the Pi Network ecosystem, Grayscale updating its list of investible altcoins, and Donald Trump’s crypto play.
In case you missed these developments, among others, the following is a roundup of what happened in crypto this week.
Pi Network Introduces PiDaoSwap
Pi Network took a key step in decentralized finance (DeFi) this week, revealing the development of PiDaoSwap. This community-driven decentralized exchange (DEX) is designed to counter price manipulation.
PiDaoSwap aims to stabilize Pi Coin’s value and enhance trust within its ecosystem by ensuring fair trading mechanisms.
“Once completed, the Pi price will be reflected at its true value and will no longer be manipulated by current external exchanges,” Pi Network VietNames claimed.
Another positive development in the Pi Network ecosystem this week is the integration with Telegram’s crypto wallet. This move could provide access to up to one billion users and expand the controversial project’s mainstream adoption.
While this move reflects Pi Network’s growing influence, questions around decentralization and exchange listings continue to loom large. Specifically, the Pi Network remains under scrutiny due to concerns about its centralization, particularly its SuperNodes.
Critics argue that a heavily centralized network undermines the core principles of blockchain technology. Adding to the debate, analysts have pointed out that Pi Network’s absence from major exchanges like Binance and Coinbase stems from concerns over its operational transparency.
Another hot headline this week in crypto was Trump Media’s announcement of a partnership with Crypto.com. The collaboration lays the groundwork for launching new ETFs (exchange-traded funds) based on Cronos, Bitcoin, and other assets.
The report inspired a nearly 20% surge in the Cronos (CRO) token, the powering token for the Crypto.com ecosystem. This collaboration added to the list of notable shifts as Trump’s media venture embraces cryptocurrency.
However, blockchain investigator ZachXBT raised concerns about Crypto.com’s token manipulation practices, souring sentiment for this partnership. Citing its re-issuance, the blockchain sleuth suggested the exchange may engage in opaque financial maneuvers.
Despite these concerns, Crypto.com emerged unscathed as the US SEC (Securities and Exchange Commission) concluded its investigation without filing any charges.
“The SEC’s investigation into Crypto.com has been closed with no action being taken against Crypto.com. I continue to be proud of how this industry and its community have weathered storm after storm… The fact that we not only persevered but became stronger is a testament to our vision and the community supporting it,” wrote Kris Marszalek, CEO of Crypto.com.
The announcement led to a notable jump in CRO’s price, reaffirming investor confidence in the exchange despite previous regulatory scrutiny.
BeInCrypto data shows CRO was trading for $0.11 as of this writing, up by over 4% in the last 24 hours.
GameStop’s Bitcoin Announcement
GameStop, the once-legendary meme stock, also made headlines this week in crypto. It announced an update to its investment policy, revealing that it had added Bitcoin as a Treasury Reserve Asset. In the immediate aftermath of this announcement, the company’s stock prices jumped 12% before profit booking set in.
While this could have been a bullish catalyst, Bitcoin’s price remained largely unmoved. Analysts suggest the announcement lacked crucial details to trigger excitement and provoke a significant market reaction.
“The announcement lacked key details —most importantly, how much Bitcoin they’re actually buying. While they’re sitting on about $4.8 billion in cash, we’ve seen no indication of what portion, if any, will be allocated to BTC,” Mati Greenspan, Founder and CEO of Quantum Economics, told BeInCrypto.
Further, the price impact for BTC was muted, given that Bitcoin payments are becoming more common among retailers.
Grayscale Updates Investment List
Adding to the list of what happened this week in crypto, Grayscale updated its list of investable altcoins for Q2 2025. The institutional crypto asset manager added three new tokens, Maple Finance (SYRUP), Geodnet (GEOD), and Story Protocol (IP), to its top 20 crypto investments.
“…We believe the revised Top 20 list may offer more compelling risk-adjusted returns for the coming quarter,” the firm explained.
This move reflects the company’s ongoing strategy to diversify its holdings and identify emerging digital assets with strong growth potential. At the same time, it truncated three altcoins from the same list- Akash Network (AKT), Arweave (AR), and Jupiter (JUP).
Binance Embraces Studio Ghibli Meme Coins Frenzy
Elsewhere, a new meme coin craze emerged this week in crypto, drawing inspiration from the beloved Studio Ghibli brand. Binance Alpha responded to the trend by listing two Ghibli-themed tokens, Ghiblification and GhibliCZ.
These tokens have gained rapid traction as part of a broader wave of AI and pop culture-driven crypto speculation. The Ghibli meme coin phenomenon follows a pattern in previous meme-inspired tokens, where hype and social media engagement drive price action more than actual utility.
While some traders see opportunities for quick gains, others caution against speculative bubbles that could lead to rapid market corrections. Nevertheless, Binance’s involvement reflects how major exchanges capitalize on trending narratives to attract trading volume.
This strategy, which continues to shape the DeFi space, has also drawn criticism as users challenge the listing standards of centralized exchanges (CEXs).
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A new technical analysis on TradingView suggests that Shiba Inu’s recent price movements may be echoing a familiar structure from earlier last year, raising the possibility of history repeating itself. The analyst examined Shiba Inu’s chart from November 2024 to the present and pointed out a sequence of patterns that also appeared between March and November 2024, patterns that preceded a significant rally.
The analysis outlines a clear path that could lead to a notable price surge towards $0.00003 if these price patterns continue to play out.
Pattern Analysis Suggests Shiba Inu May Be Ready For A Big Upside Move
The entire analysis is grounded on the idea that crypto markets are cyclical and exhibit recurring behaviors, crowd psychology, and recognizable chart patterns. Notably, this analysis uses four distinct pattern stages that played out on the Shiba Inu daily candlestick timeframe chart.
The TradingView analyst began by highlighting the completion of a falling wedge pattern in SHIB’s price chart, which is a classic bullish reversal setup. The analyst noted that this same structure played out from March 2024 to September 2024, acting as a precursor to a breakout in the weeks that followed.
As of now, Shiba Inu seems to have moved past that initial wedge stage, making way for the second stage, which has been identified as a cup-and-handle pattern. This pattern, which was observed and confirmed recently, also mirrors the meme coin’s formation back in August 2024, when a brief consolidation phase eventually gave way to an upward move.
The analyst believes that the chart has now entered what they describe as “Stage 3,” a phase where a W-shaped formation may emerge. Historically, this pattern aligned with a powerful uptrend in September 2024 when SHIB experienced a multi-week rally.
Breakout Could Be Coming Next
Although pattern repetition isn’t guaranteed, the analyst’s comparison of current and past formations presents an interesting narrative that bullish traders will be interested in. If the final stage plays out as the analyst expects, Shiba Inu could soon form an inverted head-and-shoulders pattern, which is one of the strongest bullish reversal signals in technical analysis. This pattern was last spotted as stage 4 just before a rally that brought the Shiba Inu price above $0.00003 in December 2024.
Based on this four-stage progression, the trader is projecting a 91% rally from here, which could lift SHIB to $0.0000335. At the time of writing, SHIB is trading at $0.00001340, meaning the token is still in the early phase of this anticipated pattern sequence.
However, Shiba Inu’s short-term performance has recently shown weakness. Over the past 24 hours, the token has slipped by 7.3%, losing ground after a brief push above the 100-day moving average it had only recently reclaimed a week ago. This dip now sees Shiba Inu retesting that same moving average, which could either act as a springboard for the next upward move or become broken.
Featured image from iStock, chart from Tradingview.com
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A TRUMP crypto whale extended its overall losses to over $15 million as the PolitiFi token crashed roughly 10% this Friday. On-chain metrics indicated that the whale recently sold 743,947 tokens, worth almost $8 million, amid an ongoing price slump. This trade maneuver is what slammed the whale’s total losses to over $15 million with the token.
TRUMP Crypto Whale Dumps Heavily Amid Sluggish Price Action
According to an X post by Lookonchain on March 28, a TRUMP crypto whale sold $7.92 million worth of coins in the past 24 hours. This trade maneuver presented the trader with a severe $3.3 million loss. Meanwhile, it’s noteworthy that the selloff occurred at an average price of $10.66.
Further, data suggested that this whale only profited on his first trade with the PolitiFi token. All other trades made subsequently brought losses to a total of $15.7 million.
TRUMP Coin: A Fall From Grace
The U.S. President-themed token gained significant traction across the market promptly after its inception. The PolitiFi token saw its price rise from $8 level to $74 within a week of its launch, securing a prominent spot on crypto traders’ radars.
However, the buzz was short-lived as the TRUMP crypto’s price crashed to a $10 level to date. As of press time, TRUMP price cracked 9% intraday and exchanged hands at $10.35. The PolitiFi token slammed nearly 20% over the past month.
Overall, the broader waning action appears to have prompted the whale’s selloff. Meanwhile, market watchers reflect a cautious approach as the dumps signal a loss of confidence in the asset’s future potential.
Can TRUMP Price Recover?
It’s worth mentioning that a recovery to previous highs remains highly questionable, given the current market scenario. Nevertheless, a renowned market analyst has recently conveyed a highly bullish outlook for the coin’s future price action.
Analyst Crypto Gems on X revealed that the crypto’s price chart shows a double bottom pattern, whilst the potential for a bullish reversal also persists. The next price target for TRUMP crypto remains at $13, per the analyst. A sustained break above this level could fuel a rally to $18 or even $25.
Nevertheless, a trading session above $50 and near previous highs remains out of the question as the token even slipped from one of the top cryptos by market cap to 45th.
Additionally, a recent TRUMP price prediction by CoinGape revealed that the 3-month bias indicator remains 61% in favor of bears. This stat added to market concerns surrounding the coin’s future price prospects.
Nevertheless, as Donald Trump continues to usher pro-crypto movers in the U.S., market watchers anticipate some relief in price movements ahead. Notably, TRUMP price previously rallied 10% in just a day, CoinGape reported last week. However, the token failed to sustain this bullish movement, only adding to investor concerns.
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.
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