The volatility in cryptocurrencies continues as Monday’s excitement led to increased trading volumes. However, Trump’s move caused a shift in altcoin volumes towards the newly introduced TRUMP Coin. This redirection has resulted in a decline in many cryptocurrencies, concentrating buyer interest on a single asset. What remains uncertain since March 2021? What will be the price of SOL Coin?
Ethereum (ETH)
While BTC’s price approaches record levels, Ethereum 
$3,165 is facing different challenges. Due to Trump’s preference for Solana 
$286, which is faster and cheaper than meme coin issuance, we have seen increased selling pressure on Ethereum. Vitalik Buterin recently indicated potential changes in the Ethereum Foundation’s governance structure. Last month, exchanges withdrew 540,000 ETH, equivalent to $1.84 billion.
However, this situation did not assist in the price appreciation of Ether. The inability to break BTC’s dominance has reflected weakness across the ETH spectrum, and a dip level that hasn’t been seen since March 2021 is currently being tested in the ETHBTC pair.
The data confirms that a general upward trend for altcoins has not yet begun, indicating the potential for tougher days ahead. Seeking deeper dips below 0.03 BTC will likely not yield favorable outcomes for altcoins.
Solana (SOL)
A new process is set to begin for U.S.-based cryptocurrency companies next week. This process could pave the way for larger rallies for cryptocurrencies like Ripple 
$3 and Solana, which may benefit from Trump’s support.
Solana’s primary advantage lies in its speed and low transaction costs, making it accessible for all investors. Additionally, there is a vast meme coin ecosystem within the network, where new investors typically engage in buying and selling meme coins during bull markets.
Scott Melker noted in a market assessment before a significant rise that if SOL Coin closes above $175, it could move towards $255. Currently, sustained closures above $255 may signal a larger peak ahead.
Previously, experts predicted peaks for SOL Coin up to $600. Under current conditions, reaching a target of $546 requires SOL Coin to surpass a $260 billion market cap, making it the third-largest cryptocurrency. Considering its journey from $8 to $278, this doesn’t sound impossible.
