Popular analysts predict significant price increases for Solana and Sui.
Despite significant corrections in the altcoin market, Solana $181 (SOL) and Sui (SUI) are displaying strong recovery signals. The current market scenario resembles the bullish trends seen in 2017 and 2021, suggesting a potential resurgence for these cryptocurrencies.
ContentsPreparing for a Rally in AltcoinsSolana and Sui’s Market Movements Preparing for a Rally in Altcoins
Excluding Bitcoin $0.000061 and Ethereum, the TOTAL 3 market capitalization metric indicates robust momentum in the market. Crypto analyst Daan Crypto Trades highlighted that analyzing TOTAL 3 in relation to Bitcoin’s price could provide valuable insights into altcoin market momentum against Bitcoin.
The analyst noted that in both 2017 and 2021, altcoins initiated impressive rallies approximately a month after Bitcoin broke its then-all-time high of $20,000.
Additionally, Binance’s dominance in altcoin trading volume has reached 78%, potentially signaling a strong bull market by 2025. Recently listed coins such as AIXBT, CGPT, and COOKIE AI on Binance have shown significant gains of 50% or more.
“The consistent increase in altcoin trading volume on Binance reinforces confidence in a potential altcoin bull market by 2025. As individual investor interest rises, the altcoin market could gain strong momentum in the coming months.” – Daan Crypto Trades
Solana and Sui’s Market Movements
According to recent data from Artemis, Solana (SOL) and Sui (SUI) have witnessed strong inflows in the last 24 hours, while Ethereum (ETH) $3,126 experienced significant outflows. This reflects a change in investor sentiment and capital movements.
Market data shows Solana’s price has fallen by 4% below $180, while Sui’s price has decreased by 9% to $4.40. However, popular analyst Crypto Patel anticipates that SOL could rise to $500 and SUI could exceed $10.
Investors can closely monitor the market movements of Solana and Sui to evaluate the potential of these cryptocurrencies. The trading volume on Binance and new coin listings provide supportive factors for an impending altcoin rally.
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