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XRP displayed a sharp rise that shook the entire cryptocurrency sector, managing to peak at $0.91. This rise primarily resulted from an interim decision in the lawsuit against Ripple.
XRP Boom Ends, SOL Might Begin
Currently, XRP is the fourth-largest cryptocurrency, and the total value of the cryptocurrency sector has increased by 6.5%. The price of XRP, which has calmed down somewhat in the last 24 hours, currently records a 67% increase. The next altcoin attack after XRP could potentially be Solana (SOL).
Luke Martin, one of the industry’s most famous altcoin analysts, announced this with a critical tweet. Solana, which hit rock bottom when FTX empire collapsed, might be preparing for a new rally. Since its market introduction, SOL, which has seen and caused many 100x moments, could now shock the agenda with a similar claim.
Luke Martin drew attention to the fact that SOL has reached the $30 level, unseen since the collapse of the FTX/SBF empire. Martin stated that many people view SOL as “Sam Coin,” implying that this comeback actually proves the opposite.
SOL Price Rises
Luke Martin’s tweet suggests that SOL is currently diverging and might demonstrate that it’s a different cryptocurrency. After the major collapse, SOL definitely began showing positive moves, and the $30 boundary is one of them. SOL, having dropped to the $5 level and then risen to $30, proved its continued existence in the ecosystem.
Renowned analyst Rookie also decreed that there was no resistance above $25 for SOL, indicating an expectation of significant growth. Following the XRP storm, even a brief altcoin season is anticipated. This implies other altcoins will gradually start to move. SOL could quickly change the situation to its advantage by adding social media impact to this momentum.
The fact that some investors specifically started showing interest in SOL following the SBF collapse, as mentioned in related tweets, is indicative. After SBF, SOL might make a comeback with new updates and cause a stir in the market, just like old times, with a rally that will make it the talk of the town.
