The post Crypto Whales Buy Shiba Inu (SHIB), Solana (SOL), and RCOF, As Bitcoin Price Bleeds appeared on BitcoinEthereumNews.com.

The US Department of Labor dropped quite the bombshell on the crypto-verse on Friday, as the updated non-farm jobs for May caused a massive sell-off on most crypto projects. The influential Bitcoin was included in the decline phase, and crypto whales are off to other projects for their profits this summer. Solana’s (SOL) price is trading at losses on the weekly timeframe despite a spike in DeFi activity on the blockchain. On the other hand, Shiba Inu (SHIB) is attracting whales, as bulls are targeting $0.00014 this year.  Meanwhile, RCO Finance (RCOF) is looking to eclipse the top DeFi coins with its new protocol, and the presale is all investors can think of. Read on to learn more! Solana Has Defi Activity Raising Investors’ Hopes The SOL token hit rock bottom for the year when Ethereum’s ETFs were approved, but the meme coins on the Solana ecosystem have kept the SOL price afloat. Significant pumps have been recorded on Solana’s network, but the price has stayed the same. Now, that could mean that the platform is preparing for a rally. The reduced SOL price at $159, combined with the huge spike in development, is looking attractive to investors. All that could increase buying pressure, driving Solana into the green very soon.  The best part is the Solana price predictions reflect that $200 is feasible this week. AmbCrypto even reports some other predictions that hint at the $1,000 price mark, but those will take the entire market condition to improve. Shiba Inu Whales Are Looking to a New ATH Soon The recent sell-off pressure could prove to be a catalyst for price movements on previously underperforming tokens like Shiba Inu. The meme coin’s bulls have been actively stacking SHIB tokens even before the sell-off, and if all goes well, the returns…

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Filed under: News - @ June 11, 2024 4:20 pm