Solana price briefly broke above $190 on January 12, rising 3% as the crypto markets rebound phase advanced further. Recent trading data shows that after double-digit losses last week, current SOL holders are growing reluctant to sell at current prices. Solana bulls sets sights on $200 rebound after volatile week Solana (SOL) briefly broke above $190 on January 12, as the broader crypto market extended its rebound phase. After enduring a steep decline last week, Solana has managed to stabilize, fueled by renewed market optimism. Solana Price Action | SOLUSDT Between January 5 and January 9, SOL price plunged 15.7%, slipping from $220 to $183 during the peak of the market sell-off. However, as selling pressure began to subside, SOL rebounded 3% over the past two days, climbing as high as $193 on January 12. This recovery suggests that market sentiment is slowly turning favorable, though the pace of Solana’s rebound pace appears limited compared to other major altcoins. Solana rivals , including Cardano (ADA), Ripple (XRP), and SUI, have posted significantly larger gains during the same period. This underperformance highlights a looming bearish catalyst limiting SOL price recovery momentum. Solana Trading Volume plunges by $3.1B as sell-fatigue sets in Solana’s underwhelming performance compared to rival altcoins has been particularly notable over the last few days. A closer look at Solana’s trading data reveals a significant drop in SOL market activity in recent weeks, underscoring dwindling investor participation. Santiment’s Trading Volume chart tracks the daily volume of spot market transactions involving SOL, offering real-time insights into shifts in market liquidity and investor interest. On January 8, Solana’s trading volume reached $5.02 billion, highlighting robust market activity. However, as the broader crypto market sell-off took hold, Solana sellers became increasingly reluctant to offload their holdings, contributing to rapidly declining volumes. Solana Trading Volume | Source: Santiment By January 11, Solana’s trading volume had plummeted to just $1.9 billion, marking a sharp $3.1 billion decline in just three days. This represents a staggering 61% drop in trading volume, even as SOL’s price fell by 15% over the same period. Such a disproportionate drop in trading volume relative to price typically signals weakening market participation and suggests that both buyers and sellers are growing cautious. When trading volume plunges faster than price, it often signals that sell-fatigue has set in, with bearish momentum losing steam. While this could pave the way for a price rebound, the lack of liquidity also limits the potential for a sustained rally. For Solana, this dynamic reflects an ongoing tug-of-war between cautious optimism among holders and broader market headwinds dampening its recovery prospects Solana Price Forecast: $250 Breakout Unlikely within Current Dynamics Solana (SOL) price forecast remains cautious, as technical indicators paint a mixed outlook for the near term. SOL is trading at $186.82, well below the $198.65 mid-line of the Keltner Channels (KC). This highlights diminishing bullish momentum, compounded by the Parabolic SAR hovering above price candles, signaling sustained bearish pressure. Solana price forecast | SOLUSDT The Relative Strength Index (RSI) currently sits at 47.55, slightly below the neutral 50-mark. This suggests a lack of strong buying or selling pressure, leaving SOL vulnerable to further downside. The $175.70 lower boundary of the KC serves as immediate support, while a break below this level could trigger a decline toward $170. Conversely, a breach above the $198.65 resistance could reignite bullish optimism, targeting the upper KC limit of $220.76. However, with trading volumes at a subdued 590,000 SOL, market participation remains lackluster, limiting the likelihood of a $250 breakout in the short term. Traders should watch for a surge in volume to confirm any directional breakout. The post Solana Price Flashes $3.1B Bottom Formation Signal: Will Buyers React? appeared first on CoinGape .
XRP has taken the spotlight as Linda P. Jones, a well-known figure in finance, recently sparked conversations within the cryptocurrency community. Her remarks about the altcoin’s potential price movement have generated significant buzz, drawing attention to the digital asset’s future prospects. In a recent podcast session, she discussed the conjecture over her opinion that XRP might attain a value of $100. She said that certain media outlets misconstrued her comments. Related Reading: $7,000 Ethereum In Sight? Expert Breaks Down The Potential Path Clarifying Misunderstandings Jones explained that she never provided a timeframe for when XRP would hit $100. She urged her audience to concentrate on the overall context of what she was delivering rather than getting sucked into dramatic headlines. Her purpose was to foster discussion about long-term potential within cryptocurrencies such as XRP and not to try to predict their short-term value. Today’s Be Wealthy & Smart podcast: Discover if I said XRP was going to $100 this year (and if I didn’t say it, what I did say).https://t.co/F9BT3vJKmk#BeWealthyandSmartPodcast #podcast #investing #investingpodcast #invest #financial #XRP #Crypto — Linda P. Jones (@LindaPJones) January 10, 2025 Historical Context And Current Value Jones talked about her investment journey in terms of how much $100 worth of XRP could buy. She could buy about 400 units at $0.25 each with the money she put in. Today, she can see that the same amount of money will only buy about 44 XRP, which are worth about $2.20 each. XRPUSD is currently trading at $2.47. Chart: TradingView The Future Of XRP With the current trading price, Jones remains optimistic about the future of XRP. She highlighted that current changes in regulation can create a better environment for cryptocurrencies. Over time, once governments and financial institutions begin to take on digital assets, it will be an upward price trajectory. According to Jones, the more people become knowledgeable and accept cryptocurrencies, assets such as XRP will become critical in the financial world. Related Reading: XRP Scores A Lower High Break On Daily – ATH Next? She also added that, usually, historical trends in the cryptocurrency space often have dramatic price increases right after periods of regulatory clarity and general market acceptance, giving the investors a chance to look beyond immediate price fluctuations and towards the long-term viability of their investment. As the year 2025 progresses and people’s ideas about digital assets change, Jones’s views will continue to shape talks about the future of altcoins. Even though it’s not clear if XRP will be able to reach such high prices, investors and fans will be closely following its progress. Featured image from Forbes, chart from TradingView
The government of El Salvador has entered into a service agreement with Rumble, a Canadian video and cloud services company. The company will provide cloud computing services to El Salvador, including data storage, databases, load balancers, and remote application integration. El Salvador to Rely on Rumble for Cloud Computing Services The government of El Salvador
The Consumer Financial Protection Bureau (CFPB) has introduced a new rule aiming to enhance protections for cryptocurrency users. This proposal seeks to hold crypto service providers accountable for reimbursing users who lose funds to fraud or theft. While some welcome this step, others criticize its lack of clarity and potential exclusion of non-custodial wallets . On January 10, the CFPB revealed plans to extend the Electronic Fund Transfer Act (EFTA) to cover cryptocurrency accounts using “emerging payment mechanisms.” This would align crypto accounts with traditional banking systems, ensuring they follow similar fraud prevention and error resolution standards. The proposal redefines "funds" to include assets beyond US dollars, such as cryptocurrencies, broadening the scope of protections. Wallet providers would be required to disclose essential consumer rights, including liability for unauthorized transactions , transaction limits, fees, and error resolution processes. Regular updates and notifications about changes to terms would also become mandatory. If adopted, the rule could offer stronger safeguards for users of stablecoins and other digital assets. Public feedback on the proposal is open until March 31, after which the CFPB will decide on the next steps. Despite its potential to address rising cyber threats—crypto hacks caused losses of around $3 billion in 2024 —the rule has faced criticism. Experts argue the language is vague and may fail to cover non-custodial wallets, raising questions for developers and users. Jai Massari, Chief Legal Officer at Lightspark, highlighted this issue, noting that the rule does not clearly apply to non-custodial wallets. She emphasized the uncertainty this creates for developers and questioned the practicality of some proposed requirements. Legal expert Drew Hinkes raised similar concerns, stating that applying the EFTA framework to crypto transactions might cause complications. He suggested a narrower focus on specific parties and assets to improve clarity. Bill Hughes of Consensys criticized the proposal as regulatory overreach, warning that this trend could persist without intervention from future US leadership. “The push to regulate crypto in the name of consumer protection won’t stop unless someone takes action,” he stated. The proposal has sparked a mix of optimism and skepticism. Its impact will largely depend on whether the CFPB can address these concerns and provide clarity before moving forward.
Market analyst Peter Brandt has lauded XRP’s massive 10% surge, heaping praise on the digital asset. With the recent surge, XRP has outperformed other tokens in the short term, seeing a 10% surge over the last day. Its market capitalization has also gone up to around $146 billion. The milestone has also seen the asset reclaim its place as the third-largest asset in the crypto market, displacing Tether’s USDT. XRP is not following the broader market bearish trend, with Bitcoin seeing a 4% decline in the past week. Peter Brandt calls XRP the ‘leader of the pack’ According to Peter Brandt’s post on X, he described the digital asset as the “leader of the pack,” sending the XRP community and wider crypto industry into a frenzy. The analyst has always been known to be an XRP skeptic, calling the asset a scam in 2020. He joins a growing list of high-profile analysts who now support the project after initially being against the token in the past. Leader of the pack $XRP pic.twitter.com/mld7fp0vbM — Peter Brandt (@PeterLBrandt) January 11, 2025 Peter Brandt also cautioned the XRP community back in August 2024, warning them of a bearish pattern. He went ahead to note that the token would diminish in value against the leading digital asset Bitcoin. Despite his praise for the token, he has told his followers that he does not own the asset and is not planning to invest in it in the future. “I have not been a fan of Ripple. I pointed out the obvious on the chart but I do not own nor plan to own a single XRP,” Peter Brandt said. However, his follow-up post has caused quite a stir in the market, with community members questioning his assessments. While some think it is a genuine reassessment of what the asset stands for, others are still thinking he could go back on his decision not to invest in the asset in the future. The implications of his assessment also mirror the general market sentiment. Crypto experts and analysts have been known to tilt market sentiments with their views. These views, in turn, affect several aspects of an asset, often reflected in trading volume. In the meantime, traders all around the world are preparing for a shift in the United States’ regulatory framework toward digital assets. Better days ahead for Ripple While XRP continues to make exploits, Ripple has focused on technological advancements and developing business partnerships. The company has been embroiled in a legal tussle with the United States Securities and Exchange Commission (SEC) over the last few years, with the lawsuit still pending in court. Meanwhile, market observers are of the opinion that the incoming Trump administration, which translates into a new SEC Chair, could drop the case. With XRP already gaining popularity, other traders and investors may also be convinced about the project once its legal troubles end. Most top tokens have endured negative trading days, unlike XRP. Bitcoin has seen its fair share of the bears, Ethereum has only managed to add 1% to its value, while BNB registered a 0.3% drop. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid market volatility, Floki, Bonk, and Lightchain AI gain traction as traders spot opportunities for potential gains. The cryptocurrency market thrives on volatility, and savvy investors use strategic trading to maximize their returns. Among the emerging names, Floki, Bonk , and Lightchain AI are gaining momentum as traders identify these coins as opportunities for significant gains. Here’s how these tokens stand out and how you can capitalize on their potential. Floki leveraging meme coin power with real-world applications Floki Inu, take from the meme coin trend, has grown its charm with useful plans. Floki’s world has the FlokiFi Locker, which lets you keep tokens and NFTs safe, and Valhalla a game where you can earn while playing (P2E) that uses Floki tokens for things in the game. Ways to trade Floki depend on when to buy and events that the group pushes. Its cost is changed a lot by popular a͏ds, so people who trade can gain by watching what’s said online and new changes in the system. For quick gains, swing trade on news can be very good. Long-term buyers may look at the coin’s rise in use and growth of its place to keep during ups and downs in the market. You might also like: Here’s how high Solana and Lightchain AI could go when BTC hits $150,000 Bonk first Solana-based Dog-themed token Bonk Inu (BONK) made waves as Sola na ‘s first meme coin, capturing attention with its community-oriented token distribution. Bonk’s unique selling point lies in its Solana-based efficiency, offering faster and cheaper transactions compared to its Ethereum-based competitors. Traders can adopt a scalping strategy with Bonk, taking advantage of its high daily trading volumes and volatility. Keeping track of Solana’s ecosystem growth and developments around Bonk’s utility will provide insights into when to buy and sell. Bonk’s integration into Solana projects and applications could further fuel its price action, making it a strong candidate for high-risk, high-reward portfolios. Lightchain AI next generation blockchain movement Lightchain AI stands out by combining artificial intelligence with blockchain to address real-world challenges. Its Proof of Intelligence (PoI) consensus mechanism and Artificial Intelligence Virtual Machine (AIVM) make it a groundbreaking project for AI-specific decentralized applications. During its presale, Lightchain AI raised over $8 million, priced at $0.004875 per token, drawing significant interest from institutional and retail investors alike. Trading strategies for Lightchain AI revolve around early adoption. Buying during presale stages can yield exponential returns, especially as the platform nears its mainnet launch. Long-term investors should consider its tokenomics, which incentivize staking and ecosystem growth, ensuring sustainable value creation. To learn more about Lightchain AI, visit their website , whitepaper , X , or Telegram . Read more: Why crypto investors are buying Lightchain AI over Super Trump Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
New Bitcoin-friendly US President Donald Trump, whose presidential inauguration ceremony on January 20 is eagerly awaited by cryptocurrency followers, has a large amount of assets in his known cryptocurrency wallets. Trump also owns a significant amount of memecoins, according to data provided by Arkham Intelligence. However, it is not known whether the new President owns Bitcoin or how much BTC he has. Existing cryptocurrency wallet addresses on the Ethereum network are closely monitored by the community. Related News: Following Amazon and Microsoft, This Time Meta (Facebook) Has Been Proposed to Add Bitcoin to Its Reserves Here are the cryptocurrencies owned by Donald Trump, according to onchain data: TROG – $8.61 million TRUMP – $1.66 million ETH – $1.61 million WETH – $1.55 million GUA – $538,000 TRUMPIUS – $176,000 TUA – $128,000 RIO – $74,000 USACOIN – $49,000 INJ – $35,000 However, it should not be forgotten that the assets other than ETH among the cryptocurrencies in question were sent to Trump by the developers of these altcoins, and were not purchased by Trump. A significant portion of the ETH comes from sales of Trump's NFT collection, which he launched a while ago. *This is not investment advice. Continue Reading: What’s in Donald Trump’s Last Cryptocurrency Wallet Before He Takes Over? “Memecoin Paradise”
Mango Markets will close after a settlement with the SEC. The platform faced significant crises and legal challenges. Continue Reading: Mango Markets Announces Closure Following SEC Settlement The post Mango Markets Announces Closure Following SEC Settlement appeared first on COINTURK NEWS .
New York Attorney General Letitia James has filed a lawsuit to recover over $2 million in cryptocurrency stolen from victims who fell prey to a deceptive remote job scams. The scheme, which promised flexible, high-paying positions, instead duped individuals into buying crypto that was ultimately stolen. Fake Remote Jobs Target Vulnerable Workers In a January 9 statement , James revealed how scammers lured victims through text messages, offering opportunities to work as product reviewers. Victims were instructed to create cryptocurrency accounts, deposit funds, and review items listed on fraudulent websites designed to mimic legitimate brands. To make the process seem credible, scams victims were told their deposited crypto would remain untouched and only serve to “legitimize” the data they were providing. They were assured their funds, along with a commission, would be returned after the task was completed. However, the funds were stolen, and the promised payouts never materialized. “Deceiving New Yorkers who are simply trying to earn an honest living to support their families is cruel and unacceptable,” James stated. With assistance from the U.S. Secret Service, the stolen cryptocurrency has been frozen, offering a glimmer of hope for the victims . James also urged caution against unsolicited text messages claiming to offer job opportunities, emphasizing the importance of verifying such claims. Work-From-Home Scams This case echoes a broader warning issued by the Federal Bureau of Investigation (FBI) in June 2024 about the rise of work-from-home job scams. The FBI noted that scammers often reach out to potential victims through unsolicited calls or messages, offering seemingly simple tasks such as rating services or optimizing online platforms. In a pattern similar to the New York scam, victims were told to make cryptocurrency payments to unlock additional tasks or access their earnings. These payments, however, went straight to the scammers, leaving victims financially devastated. The FBI cautioned, “If you are directed to make cryptocurrency payments to your employer as part of a job, it’s likely a scam.” The New York AG’s case sheds light on the evolving tactics of crypto scammers and highlights the importance of public vigilance. The post New York AG Sues to Recover $2M in Crypto Stolen Through Remote Job Scams appeared first on TheCoinrise.com .
In a significant move within the decentralized finance sector, Mango Markets, a prominent decentralized exchange on the Solana blockchain, is entering a phase of operational cessation. Following a recent settlement