The cryptocurrency market is making waves with price predictions capturing widespread attention. Analysts foresee Solana potentially reaching a high of $160, reflecting a burgeoning interest in DeFi and NFTs. However, its network reliability is under scrutiny due to recent outages.
However, concerns linger about its network stability following multiple outages in 2024, posing questions about its long-term reliability. Despite these issues, broader market trends like possible Federal Reserve rate cuts could still favor Solana’s price.Recently, Ripple saw a price drop from $0.61 to $0.57, triggered by a large transaction from Ripple co-founder Chris Larsen, worth about $30 million—the first of this size since 2013.
This surge in funding is partially fueled by its operational testnet, which has demonstrated superior performance compared to other networks such as Kaspa and even Solana.
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Source: CryptoAmb - 🏆 22. / 68 Read more »