Altcoin
BTC Loses $80K, ETH Falls 9%, But MOVE Jumps 8%
Crypto Market Today (March 11): Bitcoin (BTC) price swooped to a multi-month low again, losing $80K as of early Asian hours on Tuesday. Ethereum (ETH), Solana (SOL), and XRP prices also lost 5%-10% intraday. Traders and investors continue to show an extreme fear sentiment, as indicated by the ‘CMC Crypto Fear and Greed Index’ at 15. This waning action comes as recession fears rise amid macro heat post-Trump’s tariff saga and rising trade war tensions.
Crypto Market Today: BTC, ETH, XRP, SOL Lose Alarming Values
The global crypto market lost severe value, as indicated by a nearly 4% drop in the market cap, shrinking to $2.58 trillion. Besides, Coinglass data underscored massive liquidations over the past day, worth over $900 million. These bearish stats come amid macro heat causing trade war tensions, further accompanied by rising U.S. recession fears. As a result, leading cryptos erased alarming values today, sparking market concerns globally.
BTC Price Loses $80K
As of press time, BTC price witnessed a 3% decline and exchanged hands at $79,617. The flagship coin hit an intraday bottom and peak of $76,624.25 and $83,955.93, respectively. Bitcoin slumps alongside $314.95 million in liquidations recorded over the past day, per Coinglass data. However, the coin’s market dominance was up by 0.52% to 61.04%, indicating altcoins took more heat.
ETH Price Crashes 10%
ETH price lost an alarming 10% in the past 24 hours and closed in at $1,846. The coin bottomed and peaked at $1,760.94 and $2,150.71 intraday. Ethereum waned alongside $246.20 million in liquidations in the past 24 hours. Also, the coin’s market dominance was at 9.1% on Tuesday.
XRP Price Plunges 6%
XRP price erased nearly 6% value in the past 24 hours and exchanged hands at $2.05. Ripple’s coin bottomed and peaked at $1.916 and $2.251 in the past 24 hours. XRP wanes in sync with $36.88 million in liquidations recorded over the past day, per Coinglass data.
SOL price Slips 6%
Simultaneously, SOL price plummeted 6% in the past 24 hours and closed in at $120. The coin hit a 24-hour low and high of $113.19 and $131.24, respectively. Solana declines alongside $47.93 million in liquidations over the past day.
Meme Crypto Market Today
Also, Dogecoin (DOGE) price cracked 10% and reached $0.1567 today. Even Shiba Inu (SHIB) price lost nearly 5% and traded at $0.00001161.
PEPE & TRUMP prices lost 4-7% intraday, mirroring the broader market trend at $0.000005788 and $10.34, respectively.
Top Gainers In Crypto Market Today
However, some tokens defied the broader market volatility today and hovered into the green zone.
Movement (MOVE)
Price: $0.4897
24-Hour Gains: +8%
MANTRA (OM)
Price: $6.37
24-Hour Gains: +5%
Mantle (MNT)
Price: $0.6797
24-Hour Gains: +2%
Top Losers In Crypto Market Today
Artificial Superintelligence Alliance (FET)
Price: $0.4491
24-Hour Loss: -17%
LidoDAO (LDO)
Price: $0.8621
24-Hour Loss: -16%
Uniswap (UNI)
Price: $5.75
24-Hour Gains: -14%
Overall, the broader market continues reflecting volatility as traders and investors panic amid fears of macro developments and U.S. recession. Despite pro-crypto advancements across the broader market, prices are yet to see a bullish trajectory.
Notably, after the creation of a BTC reserve and crypto stockpile, Donald Trump recently signed an executive order to reverse crypto banking restrictions. Nevertheless, traders and investors are left scratching their heads as prices conversely slump.
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.
Amid growing uncertainty, a top analyst has named three scenarios that could cause Cardano (ADA) to outperform Solana (SOL). The projection from the analyst AM_Panic comes as the broader cryptocurrency sector witnesses a massive downturn spearheaded by Bitcoin (BTC).
3 Scenarios Favoring Cardano Over Solana
The analyst began by acknowledging Cardano’s accelerated growth, including plans to enhance its scalability. He noted on X that a potential ADA price surge largely depends on Cardano’s capacity to implement its scalability plans.
Should the network achieve this feat, it may attract more Decentralized Applications (dApps), which will benefit the blockchain and help it outrank Solana.
In the second scenario, the analyst expects that any setback or regulatory challenge to the Solana network will negatively impact its price. If it records a 20% price dip, this would affect its market cap, which is currently at $50.11 billion. A 20% fall can raise the market cap to $50.11 billion, making it easier for Cardano to meet continued growth.
The last scenario is tied to favorable market conditions. Once there are either bullish crypto trends or more regulatory clarity, especially with Donald Trump as President, Cardano may benefit more. The market analyst believes the Layer-1 blockchain is even better if positioned as a stable, research-driven alternative.
The Solana Memecoin Woes
In recent weeks, Solana has faced several woes, ranging from a slowdown in token growth within its network to its price drawdown.
Solana Powerhouse Pump.Fun, known as the source of the ecosystem boom over the past few months, has recorded a slowdown in adoption. From abuse by creators to a shift from risk-on assets amid the global stock market meltdown, Solana’s price has experienced more drawbacks.
Most critics also warn that Solana is sacrificing decentralization for speed, fueling boycott concerns in the long term.
Price Outlook for Cardano and Solana
The ADA price is $0.7302 after recording a 24-hour price gain of 6.52%. SOL trades at $127.62, corresponding to a 7.31% increase within the last 24 hours.
Notably, several analysts are optimistic that the coin will see better days. Market analyst Crypto Jobs, in SOL price analysis, shows how the coin fluctuated between $153 and $138, suggesting a season of indecision in the crypto market.
While analysts have predicted that the coin’s price may hit $200 soon and even reach higher levels, there are at least three reasons why it may not attain this level in March. Similarly, Cardano’s price faces selling pressure in a descending triangle and recently tested support at $0.76.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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.
Financial commentator Patrick Bet-David says the XRP price can rise to $1,000 per token if manages to snag a portion of SWIFT’s transaction volume. Only 5% of SWIFT’s volume will see token prices soaring to $100 with Bet-David highlighting potential stumbling blocks.
XRP Price To Clinch $1,000 In The Near Future
According to Bet-David, XRP has a chance to reach the $1,000 mark after a lengthy period in the doldrums. To achieve the milestone, the financial commentator disclosed that XRP will have to match SWIFT’s transaction volume but even a slice will send prices rallying.
SWIFT, a global payments processing platform, processes $5 trillion daily or $1.24 quadrillion annually. Bet-David argues that the XRP price can reach $100 if the XRP Ledger can handle between 5%-10% of SWIFT’s daily volume. Per the analyst, the ledger will have to process $125 million annually to reach 10% of SWIFT’s transaction volume.
In order to reach $1,000 per token, the XRP Ledger has to fully match the entirety of SWIFT’s transaction volume. At the moment, the XRP Ledger only handles a fraction of the volume but rising institutional adoption sees it inch forward.
Stablecoins on the ledger like RLUSD are tipped to lead the charge to grab a portion of SWIFT’s daily transaction volumes. There is growing enthusiasm that XRP can be the cornerstone of US financial policy as it turns toward stablecoin adoption. For Bet-David, a jolt will come in the form of an SEC case dismissal, setting it up for borader institutional investment.
“Analysts estimate that a $10 trillion market cap could push XRP’s price to $100 per token, with full replacement potentially driving it to $1,000,” said Bet-David.
XRP Recovers After A Steep Price Crash
XRP price is trading at $2.20 climbing by an impressive 6% over a 24-hour period. The recovery follows a week marred by declining values and rising whale activity in the ecosystem.
Despiute the small rally over the day, XRP has lost over 10% in the last seven days, sparking fears that XRP has topped in this cycle. Despite the decline, the network has a streak of positives going on for it as a silver lining for investors.
XRP active addresses surged to 1.15 million in the middle of a steep market correction, signaling a market frenzy. In upbeat XRP news, Franklin Templeton has filed for an XRP ETF, accentuating a wave of positivity for the beleagured network.
In conservative fashion, market expert Dark Defender says XRP can hit $280 by 2027 if the 2017 bull run repeats itself.
Aliyu Pokima
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 (DOGE) price continues to show strong bullish momentum, with analysts pointing to a potential meme coin rally. After breaking above a key resistance trendline, DOGE remains positioned for further gains. The breakout target of $0.6533 suggests a possible 318% increase, drawing attention from market participants. Technical indicators, wave structures, and trading volume trends support the possibility of an extended upward move.
Dogecoin Price Breaks Key Resistance
Dogecoin price has surged 129% since breaking through a critical resistance trendline, signaling a shift in market dynamics. The formation of higher lows indicates a potential continuation of the uptrend, with price action suggesting an early expansion phase.
Technical analysis points to a well-defined breakout structure that aligns with historical price movements. Elliott Wave Theory on the chart suggests that DOGE price may be in the middle of a bullish impulse wave. The volume spikes confirm increased market participation, reinforcing the likelihood of sustained upward movement.
Moreover, the market structure indicates that the top meme coin price is following a bullish wave pattern, forming a series of higher highs and higher lows. A curved trendline on the chart suggests that the DOGE has transitioned from a prolonged correction phase into a breakout phase.
Fibonacci extension levels and historical resistance points indicate that DOGE could reach the projected breakout target of $0.6533. If this pattern holds, the top meme coin price may see further increases as momentum builds.
Ali Martinez Identifies a Buy Signal
Supporting the bullish outlook, analyst Ali Martinez has pointed out a potential rebound in Dogecoin price using the TD Sequential indicator. The indicator has flashed a buy signal on the daily chart, which traders often use to identify trend reversals. This development comes after a period of bearish candles, suggesting that DOGE may be entering a recovery phase.
Martinez’s analysis highlights a green buy setup on the latest price candle, indicating that bullish momentum could return. If DOGE sustains buying pressure, the price may move toward higher resistance levels.
Key Levels to Monitor
Dogecoin price remains in a strong position following the breakout, with support levels holding above key zones. The formation of higher lows suggests that buyers are maintaining control, reinforcing the possibility of further gains.
Resistance levels remain critical for confirming the next phase of the rally. The primary breakout target of $0.6533 remains in focus, with Fibonacci extension levels providing additional reference points. If DOGE maintains its current trajectory, the price could continue to climb, supporting the broader bullish outlook.
Another analyst recently provided a more optimistic approach, predicting the meme coin price could reach $90 by the end of 2025. Crypto analyst DOGECAPITAL highlighted that this parabolic rally would occur in phase 3 of DOGE’s bull run, mirroring past market cycles.
At press time, the Dogecoin price is trading at $0.1669, reflecting a 6% increase in the last 24 hours. The meme coin’s market cap has surged to $24.77 billion, while its 24-hour trading volume jumped by 13% to $2.49 billion, indicating strong buying interest.
Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
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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