Are Solana (SOL) and Ripple (XRP) Headed for a Cool-Off ? Where Money Could Be Flowing Next
The post Are Solana (SOL) and Ripple (XRP) Headed for a Cool-Off ? Where Money Could Be Flowing Next appeared on BitcoinEthereumNews.com.
November was a busy month for the altcoin market, with Solana and XRP leading the way. Solana saw record-breaking on-chain activity, generating $383 million in revenue from 4.32 million meme coin projects launched on pumpfun. XRP surged 400%, fueled by Ripple’s partial legal win against the SEC and Trump’s election victory. Following this run, Solana and XRP have slowed in momentum, with investors rotating capital into other promising tokens. Among the new favorites is Rexas Finance (RXS), an emerging real-world asset tokenization project. Currently in presale, RXS has already raised over $23 million, reflecting growing investor confidence in its growth potential. Solana Hits New All-Time High Amid Rising Pumpfun Activity According to Dune Analytics, Solana’s blockchain has been buzzing with activity, thanks to over 4.32 million memecoin projects launched on the pump fun platform. These projects have brought in around 1.61 million SOL in revenue, roughly $383 million. In November, Solana rose to a new all-time high of $264. However, since then, SOL has dropped to trade around $239 at the time of writing, which is 9% down from its ATH. In addition, SOL is down 3.4% in the last 7 days, amid cooling momentum. Ripple (XRP) Rockets 400% in 30 Days XRP experienced an impressive 400% price surge in November, solidifying its position as the third-largest cryptocurrency by market capitalization. The token reached a local high of $2.84 before settling at $2.35 at the time of writing. This strong performance has been driven by several key developments, among them partial legal victory against the SEC and Trump’s election victory. While XRP may continue higher in the coming weeks, key indicators hint at a short dip. Rexas Finance (RXS) to Reshape The RWA Market While Solana and XRP lose momentum, investors are now rotating into Rexas Finance, betting on it…
Filed under: News - @ December 10, 2024 9:22 pm