Altcoin
Can Price Hit $150 Ahead?
A Solana whale rattled the crypto sector on Tuesday, heavily accumulating SOL amid a broader market dip. On-chain whale data signaled that a whopping 195,000 coins were sacked from crypto exchange giants as SOL price slammed around $120. As an upshot, bullish market sentiments orbiting the sixth-largest coin by market cap surfaced among traders and investors, with a potential $150 target next.
Solana Whale’s Trade Move Stirs Market Optimism
According to Lookonchain data on March 11, a Solana whale withdrew 195,000 coins from crypto exchange behemoths recently. Per the whale data, $23.2 million worth of coins were bought from top CEXs Bybit, OKX, and Gateio in the past 24 hours.
This massive accumulation by a large-scale trader amid an ongoing market slump reflected strong confidence in the asset’s potential ahead. As a result, broader market sentiments reflect optimism about the asset’s long-term price prospects.
Solana Whale’s ‘Buy-The-Dip’ Plan
Notably, the broader crypto market currently faces immense pressure due to macro fears. Soon after Donald Trump’s new tariff saga, the chances of a recession in the U.S. rose to 40%. In turn, risk assets encountered a panic-stricken investor sentiment globally.
Bitcoin price lost $80K, even touching a $76K multi-month low this Tuesday. Altcoins, including SOL, mirrored the broader slumping trajectory. However, the Solana whale’s decision to capitalize on the dip indicated a ‘buy-the-dip’ strategy, setting off optimistic waves among investors as it signals a recovery lies ahead.
Rising Staking Fuels More Optimism
Simultaneously, an X post by Onchain Lens on March 11 revealed that ‘Cumberland DRW’ staked 48,182 SOL, worth $5.72 million, recently. Coupled with the massive SOL whale accumulation, this data garners additional optimism, underscoring reduced token supply on exchanges.
Overall, the whale data and staking saga reflected rising market interest in the asset’s potential, paving a bullish road for price.
Can SOL Price Recover To Hit $150?
As of press time, SOL price cracked slightly over 3% and exchanged hands at $123. The coin bottomed and peaked at $113.19 and $131.24 in the past 24 hours. Crypto market watchers anticipate a rising action ahead amid increased buying for the asset.
Simultaneously, renowned market trader ‘Coinvo’ took to X, stating Solana is going to explode ahead. The trader cites a historical pattern, signaling that a bull run awaits as the coin mirrors its 2021 trend.
On the other hand, Bitcoin OG ‘Lucky’ took to X, revealing that a tiny market movement could fuel SOL to above $150. The coin currently sees a strong demand zone between the $110-$127 range, per the analyst. Altogether, when coupled with the massive Solana whale accumulations, the odds of these bullish projections gained significant weight.
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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