As cryptocurrencies eye a fresh bounce amid bullish sentiment for Bitcoin, some of the top altcoins currently on traders’ watchlists include Solana, XRP and Jupiter. The meme coins market is also heating up and Solciety (SLTCY) is emerging as the hottest PolitiFi token.
Here’s a brief price outlook at SOL, XRP, JUP and SLCTY
SOL: Is $200 next as Solana resurge continues?
Solana briefly surpassed BNB to rank as fourth largest cryptocurrency by market cap before the latter reclaimed the spot.
However, SOL looks poised to explode amid Solana ETFs expectations and as bullish sentiment swings heavily in favor of the top coins. Santiment analysts say Bitcoin, Ethereum, and Solana may see gains over the weekend, with the Layer-1 coins then boosting the rest of the market.
SOL is up 5% in the past 24 hours and 10% this past week to lead all the top 10 cryptocurrencies by market cap. Solana’s price has touched highs of $187 and could target $200 this weekend.
If Bitcoin rips amid Donald Trump’s keynote address at the Bitcoin 2024 conference, then a cascade into altcoins could spark a surge for SOL.
The all-time high for Solana is around $260, which was reached in November 2021.
XRP bulls eye surge above $0.60
XRP is currently the seventh-largest cryptocurrency by market cap. Although the Ripple token has had a wretched performance since falling from its all-time high of $3.40 in 2018, it remains one of the coins with the largest community.
Regulatory and legal woes contributed to the dismal returns for XRP. However, there’s renewed bullish sentiment around the cryptocurrency amid talk of ETFs after recent applications for Solana spot ETFs.
The potential impact of a political change in the US is also a factor, with Ripple one of the crypto companies to donate to campaign committees to support crypto-friendly candidates in the upcoming elections.
Currently, XRP price hovers around $0.60 and bulls may want to extend gains above this level. In the past year, the area above $0.71 has proved tough and the $1.00 threshold is a key target. In the 2021 bull market, XRP rose to $1.96.
JUP price gains amid Jupiter growth
Jupiter is a Solana-based decentralized exchange (DEX) aggregator. The platform has seen significant growth in recent months as the SOL ecosystem expanded and DeFi rebounded. DeFiLlama data shows Jupiter total value locked (TVL) has 34% in the past month to over $563 million.
As SOL price looks to extend upside momentum, Jupiter’s token could mirror gains to trade higher. There are a few notable likely catalysts for JUP. As well as the introduction of Jupiter Spot, there’s the 30% supply reduction vote set for this coming week.
JUP price is up 14% in the past 24 hours to currently trade at $1.16, while CoinGecko puts Jupiter price at an all-time peak of $2.00 reached on January 31, 2024.
SLCTY: Solciety takes shape on Solana
The meme coins market is on the rise again after a lull in June, and several Solana-based meme coins are roaring.
Also in ascendancy are political meme coins, or PolitiFi tokens. Doland Tremp (TREMP) and MAGA (TRUMP) are trending amid Donald Trump’s Bitcoin 2024 conference momentum. Kamala Horris (KAMA) has also surged as US VP Kamala Harris begins campaigns after Joe Biden dropped out.
These are some of the meme coins to watch amid the PolitiFi mania.
However, the biggest breakout looks set to be Solciety (SLCTY), the new “political party for degens’ ‘ on Solana. This meme coin, unlike other coins, aims at the broader political meme space. It takes a neutral approach to bring together a global community of PolitiFi enthusiasts, driving interest and traction via the Meme Campaigner tool.
The feature allows the community to generate meme coins inspired by characters such as Donald Pump and Kim Wrong Un. Sharing these on social media has the potential to see them go viral, with creators incentivized via a share of the SLTCY presale tokens.
SLCTY is currently available at $0.002289 in stage 5 of its presale. The project has raised over $1 million.
Learn more about Solciety here.
