As Bitcoin approaches new daily highs, traders remain cautious about any premature excitement ahead of the daily close. While Bitcoin’s price may potentially exceed $108,000 by the year’s end, altcoins are also showing a resurgence. The latest insights suggest promising forecasts for Solana, Shiba Coin, and PEPE Coin moving forward.
What’s Driving Solana’s Growth?
Solana has surpassed a total locked value of $8.51 billion, rebounding from a low of under $250 million following the FTX collapse. This year has seen the TVL climb to a peak exceeding $9.44 billion, indicating a significant recovery in liquidity and investor interest reminiscent of 2021.
Can Shiba Coin and PEPE Coin Keep Up?
The price of Ethereum is poised to positively influence PEPE Coin. Following a recent test at $0.00001449, PEPE Coin is now targeting resistance levels. Should it maintain closure above $0.0000189, it could aim for the range of $0.00002288 to $0.00002694.
- Solana’s total locked value indicates a strong recovery.
- SOL Coin aims to break through significant resistance levels.
- PEPE Coin may see gains if Ethereum rebounds strongly.
- Shiba Coin continues to build its ecosystem and shows promising performance.
The current market trends point towards a potential upward trajectory for these cryptocurrencies as they navigate the evolving landscape. All eyes will be on these altcoins as they strive to capitalize on Bitcoin’s momentum.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
