Bitcoin’s price surged past $115,000 following a recovery in the US stock markets. If Bitcoin 
$78,084 can maintain support at $115,500, there could be rapid rises in altcoin prices. Meanwhile, the cryptocurrency market is eagerly anticipating Trump’s announcement regarding his meeting with Russia. But what about the latest developments with Solana 
$86 (SOL)?
Solana (SOL) and Its Contender
Despite networks like Avalanche and Aptos emerging as rivals to Ethereum 
$2,335, Ethereum has advanced to a different level entirely. Among these competitors, Solana stands firm and is still perceived as powerful. However, a network reportedly outperforming Solana has emerged. BASE network, driven by its strategic alignment with Coinbase, is beginning to eclipse Solana in several metrics.
BASE, initiated by Coinbase—the largest US exchange by trading volume—receives significant support through various listings and incentives. This maneuver directly benefits Coinbase’s revenue since growth within the network boosts the exchange. Consequently, BASE is drawing considerable attraction and engagement.
Kyle shared the graph above with the following commentary:
“Is SOL in decline or just beginning?
Because Base is not playing games:
- It surpassed Solana in daily token launches.
- Memes, markets, and culture—all thriving on Coinbase’s L2.
This isn’t just hype—it’s a real-time memecoin invasion.”
As evidenced by Pump Token performance, meme coin excitement seems to have shifted away from Solana. BASE is swiftly listing these meme coins on Coinbase, driving liquidity and fueling appetite for new token issues on the network. While BASE doesn’t have its token yet, its growth supports the tokens within its ecosystem. In contrast, Solana’s weakening diminishes the strength of SOL Coin, making this transition unfavorable for Solana.
Risk Appetite in Altcoins
The BTC price rebound to $115,000 enhances risk appetite, prompting altcoins to recover from lows. As of writing, the US State Department signals ongoing risks alongside the potential for announcements, indicating macroeconomic factors are nurturing the downturn. Should Trump declare severe measures against Russia today, the situation might change significantly.
Kyle observes that cryptocurrencies are merely waiting for “a spark,” according to the weekly RSI heat map.
If adverse developments related to Russia are not observed, the short-term decline could quickly reverse due to the significantly reduced RSI average, leaving ample room for growth.
