The post ONDO Dips, Solana Resurges Amid Bearish Trend appeared on BitcoinEthereumNews.com.

SPONSORED POST* The crypto market is unpredictable, and investors are scratching their heads. A few coins, like ONDO, are dipping, and giants like Solana are trying to get back on track. Amid all this, a new meme coin with some of the best P2E features in 2024 has become the center of attention. WW3 Shiba is the coin that caught a lot of attention. Let’s explore a bit more how ONDO, Solana, and WW3 Shina will do in the next few weeks. ONDO Dips Again Despite a recent price drop of 8.8% on the 7-day chart, ONDO continues to be resilient. Coinbase supports ONDO, which is part of the Ethereum ecosystem! The market capitalization of ONDO is currently $1.4 billion, and it is trading at $1.08 per ONDO (at the time of writing). This fall in price is occurring despite the continuous interest in the DeFi (Decentralized Finance) market, in which Ondo Finance is a prominent participant and enables users to earn interest on their cryptocurrency holdings through lending and stablecoin offerings.   A reduction in interest is reflected in the fact that the ONDO ranking has dropped to 54th on CoinMarketCap. The price has been falling by 24% over the last thirty days and is still falling. Will Solana Break the Bearish Trend? Solana has dipped 19% during the last 30 days. At the time of writing, it reached $134. On June 27, a sudden and massive 90% drop in the daily value of USDC stablecoin was seen, which was another blow to Solana. Many people thought that the volume might have been caused by “wash trading,” which raised questions about Solana’s credibility right away. According to CoinMarketCap, the current Solana price is about $134 (at the time of writing). Solana’s value has been reduced by just under 50% from…

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Filed under: News - @ July 5, 2024 9:20 am