The approach of Bitcoin’s halving event is creating a great optimism in the market, and a potential bull run is expected in 2024. At the same time, significant price increases are seen in altcoins Solana and Shiba Inu.
Solana’s Price Analysis
Solana ranks fifth among cryptocurrencies in terms of market value and has experienced a significant price increase recently. Especially, its rise to $141 and a 7.25% increase pushing the market volume to $5 billion attract investors’ attention.
This rise in Solana’s price increases its potential to reach the $200 target. However, the relative strength index (RSI) values close to oversold conditions and the price below significant moving averages lead investors to be cautious.
Shiba Inu’s Current Situation
Shiba Inu maintains its popularity among meme tokens and has risen to eleventh place in terms of market value with its recent surge. Despite a small drop in trading volume in the last 24 hours, investors continue to show interest in this token.
Useful Information
Solana needs current trends and market conditions to improve to reach the $200 target.
The market value and trading volume of Shiba Inu show that investors’ interest in this token continues.
The Bitcoin halving event is expected to start a new period of growth for both Bitcoin and the overall crypto market.
Overall, the crypto market continues to grow with altcoins like Solana and Shiba Inu. The Bitcoin halving event is considered a promising development for the entire market, leading to increased optimism among investors.
0 Comment