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How These Solana Social Metrics Can Affect SOL Price

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Solana’s social metrics reveal a troubling trend after the altcoin failed to sustain its 40% price increase. On November 5, SOL traded at $161.93, and 17 days later, it reached a new all-time high.

However, despite this rally sparking renewed enthusiasm among holders, the lack of continued momentum points to weakening bullish sentiment. With this decline, the question remains: what’s next for SOL’s price?

Solana Sentiment Turns Bearish

The impact of Solana’s falling bullish sentiment is evident in its market cap position. Two days ago, SOL was the fourth most valuable cryptocurrency in terms of market cap. However, it has since lost that spot to Ripple (XRP), a token that has been outperforming other assets in the top 100.

Following the development, Solana’s social metrics, including the weighted sentiment, declined. The Weighted Sentiment gauges the broader market’s perception of a cryptocurrency. 

When it is positive, it implies that most remarks about the altcoin are bullish. On the other hand, if it is negative, it means that most comments regarding the cryptocurrency are bearish. According to Santiment, Solana’s weighted sentiment has plummeted to negative territory, suggesting that most market participants are not bullish on SOL’s short-term price action.

Solana Weighted Sentiment
Solana Weighted Sentiment. Source: Santiment

If this trend continues within the next few days, demand for the cryptocurrency might continue to wane. Social dominance is another indicator that suggests that SOL’s price could face a further downturn.

Social dominance measures the level of discussion around a cryptocurrency compared to other assets in the market. When the metric rises, it means the conversations about the asset in question have increased, which is usually bullish.

However, in SOL’s case, the metric has declined from 8.42% on November 17 to 3.60% today. Considering the decline in this reading, Solana’s price could find it challenging to rally back to its all-time high in the short term.

Solana social dominance
Solana Social Dominance. Source: Santiment

SOL Price Prediction: Not Yet Time to Bounce

From a technical point of view, the 50-period Exponential Moving Average (EMA) on the 4-hour chart has crossed above the 20 EMA. For context, the EMA is a technical indicator that identifies bullish and bearish trends.

When the shorter EMA crosses above the longer one, the trend is bullish. But if it is the other way around, the trend is bearish. This crossover, termed a death cross, signifies a bearish trend.  

Furthermore, SOL’s price trading below both key indicators supports this bearish outlook. This positioning suggests that the recent bounce may be a fakeout. If confirmed, Solana’s value could potentially decline further to $213.15.

Solana price analysis
Solana 4-Hour Analysis. Source: TradingView

On the other hand, if the Solana social metrics turn bullish, this trend might change. In that scenario, SOL might bounce with a likely target of $264.64.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Slides Slowly—Is a Bigger Drop Coming?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Terra’s Crypto Claims Portal Opens Soon: Key Dates and Info

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Terraform Labs announced on March 28 the open date for its Crypto Loss Claims Portal.

Once this happens, creditors can submit claims for losses incurred following the collapse of the Terra USD token.

When Will Terra’s Crypto Claims Portal Open? Key Details To Note

According to the announcement, the Crypto Loss Claims Portal will officially open on Monday, March 31, 2025. To file a claim, creditors must first register on the online portal. The submission deadline is set for April 30, 2025, at 11:59 p.m. Eastern Time.

Proof of ownership is a requirement, which varies depending on where individual creditors kept their holdings. Those who held assets on the Terra ecosystem or other supported networks must sign a transaction with their wallet directly through the portal. Noteworthy, this process does not involve any fees.

Terra urged creditors with holdings on other platforms or exchanges to provide a read-only API key, which is the most reliable verification form. Alternatively, it allows manual evidence such as transaction logs, account statements, or screenshots.

However, claims based solely on manual evidence could see prolonged review and may also be disallowed.

Once proof of ownership is established, creditors must complete the Crypto Loss Claim Form on the portal. They must ensure full disclosure of all details related to purchases, holdings, and any associated transactions—including sales, swaps, or staking.

Late claims beyond the April 30 submission deadline will not be considered. Failure to meet the deadline will result in the forfeiture of any potential recovery.

“For assistance, contact Kroll Restructuring Administration at [email protected],” Terra stated.

In a follow-up medium post, Terra said the portal’s additional details regarding the claims process would be available upon its launch. Among them include the Crypto Loss Claim Procedures and the list of eligible cryptocurrencies.

Precedents for Investor Protection and Corporate Accountability

Establishing the Crypto Loss Claims Portal follows a series of legal and financial developments surrounding Terraform Labs. Nearly six months ago, the company settled with the US SEC (Securities and Exchange Commission) for $4.47 billion over allegations of securities fraud.

The settlement addressed accusations that Terraform Labs misled investors about the stability of its digital assets, particularly TerraUSD. A portion of the settlement funds goes toward compensating affected investors and bolstering regulatory oversight within the cryptocurrency sector.

In the run-up to the SEC settlement, Terraform Labs filed for bankruptcy, initiating a structured wind-down of its operations. Currently under implementation, the claims process is a key component of these proceedings, serving as a means for creditors to seek restitution for their financial losses.

As these developments unfold, Terraform Labs co-founder Do Kwon was extradited to the United States in December 2024. He faces multiple fraud charges related to the collapse of TerraUSD and Luna. Kwon’s arrest took place in Montenegro in March 2023 while attempting to travel with falsified documents.

The Terraform Labs case continues to shape the regulatory playing field for digital assets. Like the broader legal actions against the company, the resolution of these claims will likely set significant precedents for investor protection, corporate accountability, and the growing framework of crypto regulations.

Terra (LUNA) Price Performance
Terra (LUNA) Price Performance. Source: CoinGecko

Despite this news, Terra Luna’s price is down by almost 8% in the last 24 hours, trading for $0.1987 as of this writing. In the same tone, Terra Luna Classic price is down by almost 6% in the last 24 hours. As of this writing, LUNC was trading for $0.00006253 on CoinGecko.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Dogecoin (DOGE) Faces Market Correction—Will Buyers Step Back In?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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