Crypto whales are focussing on XRP, Dogecoin (DOGE) and Solana (SOL) as the crypto market’s bullish run continues. All three tokens have seen massive gains in the last week fueled by the ongoing bull run and crypto whales’ interest in them is likely to cause further surges.
While Solana’s network activity is on the rise as seen in a $41.2 billion DEX volume it registered last week which pulled up SOL’s market cap to $112 billion. This marked a 44% rise in market capitalization for Solana from the 2021 levels.
The technical indicators of SOL point towards a cup-and-handle pattern formation in the monthly price chart with a 54% chance of average breakout profit and a 95% success rate. All these indicators are making analysts predict that SOL will rally to its all-time high at $260 and probably head to the $400 mark.
Dogecoin on the other hand is riding a social media popularity wave after Elon Musk’s getting named as one of the leaders of the Department of Government Efficiency (D.O.G.E). The meme coin is under a bullish trend which made it push through the $0.32 resistance level.
Most analysts are painting a positive outlook for Dogecoin, forecasting a rally to $1 if it holds its position above the $0.42 mark which would further trigger investors’ interest in the meme coin
Meanwhile, Ripple’s XRP is maintaining its position above $1.09 as it faces a bullish momentum. The RSI of XRP is running above 85 indicating a buying momentum even though it is in overbought territory. The altcoin is likely to go past the $1.50 resistance level and continue rallying towards the $2 mark. The growth in the XRP trading volume also means that both institutional and retail investors are getting interested in the coin.
Hence crypto whales have strategically placed themselves for major XRP, DOGE and SOL gain by investing in them as the crypto market’s bullish run continues. Amidst this another altcoin JetBolt (JBOLT) has also caught the interest of crypto whales because of its unique features like AI-powered insight tools and zero-gas technology which seeks to change the blockchain market. The token was launched in August this year with 66 million JBOLT getting sold.
At the time of writing, DOGE was trading at $0.377, down 4.97% in the last 24 hours while its trading volume declined 22.28% to be at $9.26 billion and the market cap was at $55.40 billion. In the meantime, SOL was down 2.99% to trade at $234 with a market cap of $111.41 billion while its trading volume rose 7.91% to $6.85 billion. Meanwhile, XRP was down 2.15% in the last 24 hours to trade at $1.09 with a 12.14% surge in its trading volume which stood at $6.56 billion while the market cap declined to $62.11 billion.