Solana and Bitcoin Maintain Support Amidst 1.7% Market Decline

Bitcoin, XRP, and Solana maintained support levels amid a 1.7% decline in the global crypto market, with a total market cap of $3.5 trillion.

Bitcoin ETFs experienced four consecutive inflow days led by BlackRock, accumulating $3.2 billion worth of BTC. CEO Larry Fink indicated that BTC could reach $700,000 if allocation increases from 2% to 5%.

Market optimism surrounds potential Solana ETF approvals in 2025, with a 97% probability. Solana has gained 34% since January 15, currently priced around $240 after peaking at $295.83.

XRP rose nearly 62% from $2.3545 on January 1 to $3.4 on January 16, stabilizing now around $3.0886.

The crypto market surged following Trump's election victory. Bitcoin surpassed $109,000, driven by Trump's pro-crypto stance and initiatives like pardoning Ross Ulbricht, which is seen positively for privacy technology.

The launch of the $TRUMP meme coin has attracted investor interest, skyrocketing over 12,000% shortly after its release.

Meme coins are expected to perform well in the upcoming year, with projects like Solaxy ($SOLX) gaining traction. It aims to address transaction issues in Solana's Layer-1 chains.

Solaxy operates as a multi-chain solution on both Solana and Ethereum, enhancing transaction efficiency while raising over $13 million in presale.

Future price forecasts suggest Solana could reach $6,636 by 2030, positioning Solaxy for substantial growth potential. Developers have shown long-term commitment by reserving 30% of token supply for development and 10% for listing.

Investors are advised to conduct thorough research before considering investments in crypto assets due to market volatility.