Olivia Brooke

The most valued cryptocurrency by market capitalization has maintained its position above $60,000 for over ten days. With a continued increase in price value, market participants are making bold long-term and short-term predictions for the asset. The bullish sentiments are mostly backed by a handful of fundamental factors that key players expect to drive prices to new highs.

Billion dollar asset management from Pantera Capital is making plans to purchase $250 million worth of SOL from FTX estate.

The cryptocurrency market is recovering, now reflected in its overall market capitalization. As Bitcoin and other altcoins soar in price, the collective growth has been reflected in the market’s total value, which has now surpassed $2.7 trillion.

Stanford student-run fund has thrown 7% of its fund into the Bitcoin market after approving a recent proposal.

Solana is one of the leading altcoins experiencing a major upward correction. Expectations for Solana have mostly been bullish as the year kicked off positively for the asset. More recently, market data has outlined the near-term potential for SOL.

The Arbitrum network is gearing up to release billions of ARB tokens for distribution amongst investors and other network users.

While crypto adoption has continued to skyrocket on a global scale, especially with Bitcoin making a comeback, the broader crypto market is still being scrutinized by naysayers.

Last week, the cryptocurrency market dipped as liquidations soared. Around the same period, altcoins attempted to recover while Bitcoin struggled to sustain momentum above the $70,000 price.

Prominent crypto analyst Jelle has drawn the cryptocurrency market’s attention to a recent development, particularly Solana's remarkable performance.

Solana topped the ranks in the first quarter of 2024, propelled by increased activities in Decentralized Exchange (DEX) and (DeFi).