BTC dominance continues to grind higher at 60%, while smaller altcoins appear to be bottoming out after a brutal 20% drop last week. The market is seeing a modest rebound, but some altcoins continue to struggle. Within a week, Ethereum (ETH), Solana (SOL) and Ripple (XRP) have bled by 6.0%, 5.14% and 7.65% respectively.
While major alts continue to struggle, meme madness looks alive again in the altcoin trenches. Panshibi (SHIBI), a new crypto project, seems to have led the charge with growing traction and community support. In this article, we will take a look at two major catalysts in the latest Ripple news that could rally XRP to $10, while also investigating whether the Solana price trajectory is set for further declines in February.
Ripple (XRP): Can XRP Breach the $10 Threshold?
Ripple (XRP), which is recognized as one of the biggest payment networks in the market, might reach new heights and trade above $10 – But that depends on two factors. One of the two factors from the latest Ripple news that could trigger a breakout for XRP is mainstream adoption.
Ripple is making significant progress toward penetrating regulated financial markets and a major breakthrough has arrived – accredited investors in the U.S. will soon be able to invest in XRP through depository receipts (DRs). In another XRP news, Ripple has expanded to Portugal through a new partnership with Unicâmbio, enabling instant cross-border payments between Portugal and Brazil. The continuous expansion of Ripple’s global footprint across the US, South America and Europe would trigger increased market demand and consequently set up XRP for a breakout.
Another piece of XRP news analysts consider would play a crucial role in XRP’s rally is, unsurprisingly, the approval of the long-debated XRP ETFs. Market participants have long speculated about an XRP ETF and with the new pro-crypto administration in the U.S., industry experts believe the odds are in Ripple’s favor. This approval is enough to pump XRP to a new all-time high above the $10 level.
Solana (SOL): Is More Downside Ahead?
Recently, Solana has been a mixed bag for investors. SOL might have potentially secured a win in regulatory filings; however, the Solana price action has struggled to find upward momentum.
On Tuesday, Several Solana-based exchange-traded product filings were acknowledged by the SEC. While this development is a step in the right direction, it has barely affected Solana price trajectory. Solana price sits at $195.49, reflecting a 4.19% daily drop.
Market analysts believe that if selling pressure persists, Solana price could see further declines throughout February. Will Solana recover, or will it remain trapped in this bearish phase? While its future trajectory is uncertain, one thing is clear: a new meme coin, Panshibi (SHIBI), is on track to boom in 2025.
Panshibi (SHIBI): The Meme Coin Set for a 45,000% Breakout?
Panshibi is a meme coin that combines community engagement and real-world utility. Inspired by Asian culture, Panshibi’s mascot is a Panda, which symbolizes unity, resilience and power. The project aims to give the crypto community power to fight against financial inefficiencies and market exploitation.
SHIBI kicked off its ICO a few weeks ago, which was designed to reward early investors at every level of its 15 stages. After the 60-day ICO, unsold tokens from the presale would be burned, creating scarcity and potentially rallying the token by 45,000%.
Later this year, Panshibi plans to roll out NFTs, further expanding its ecosystem. With a current price of just $0.004 per token, SHIBI is an unmissable opportunity for those seeking the biggest moonshot of 2025.
Telegram: https://t.me/panshibi
Twitter: https://x.com/panshibi_
Website: https://panshibi.com
