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Vladimir from Morocco
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Vladimir from Morocco
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Tether Sues Swan, Gov’t Blacklists Sophgo, and Pool Transaction Censorship Price movement in bitcoin (BTC) and most major cryptocurrencies, like dogecoin (DOGE) and BNB Chain’s BNB, stayed low as the TRUMP token changed opinions about $XRP and $ETH . Traders viewed the decision to launch the Trump memecoin on Solana as negative for Ethereum. An “official” memecoin associated with Trump was launched early Saturday in Asia from his verified X and Truth Social accounts. Prices surged from a few cents to $14 in under six hours amid widespread uncertainty about whether the token was endorsed by Trump, as reported. Some fund managers think this move is positive for memecoins: “The new President just gave everyone the go-ahead to create a memecoin - $SOL is getting the hint, get ready,” Placeholder VC partner Chris Burniske posted on X. In other news, XRP fell as much as 5% to reduce gains from a 40% increase over the last week. Interest in XRP has skyrocketed since early November when Republican Trump won the U.S. presidential elections and vowed to make the country a hub for local crypto firms—boosting sentiment for tokens linked to U.S. businesses (XRP is closely tied to New York-based Ripple Labs). XRP surpassed the $3 threshold for the first time since 2018 on Friday before Trump’s inauguration on Jan. 20. This speculative move followed unconfirmed claims that Trump would be open to an “America-first strategic reserve that would focus on digital coins developed in the U.S., like Solana, USD Coin, and Ripple.” Discussions of any strategic reserve have so far only mentioned plans for bitcoin holdings. Ripple CEO Brad Garlinghouse had at least one meeting with the President-elect in early January, increasing speculation that Ripple might have a direct way to influence the new administration, leading to heightened interest in XRP. #TRUMPCoinMarketCap
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Can $SOL surpass $260 during the Trump era? Fueled by rising enthusiasm around the SOL ecosystem, Solana (SOL) supporters are very hopeful. Solana has led decentralized exchange (DEX) trading, hitting $41.6 billion and making up 33.59% of November’s overall market volume. Robinhood has reinstated Solana in its cryptocurrency list, sparking renewed investor interest. In addition, rumors about a possible approval of a Solana spot ETF before the end of 2025 might broaden SOL’s reach to new investors, possibly increasing SOL’s price.Trading at $235.04 as of the latest update, experts believe that if Solana can maintain its momentum and continue getting support from investors during Trump’s term, SOL could break through the $244 resistance level and possibly rise towards $260—its highest mark reached in November 2021. #TRUMPOnBinanceFutures
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According to Cryptotimes, the launch of Donald Trump’s meme coin $TRUMP on $SOL has taken the crypto world by storm and has become the hottest topic on multiple social media platforms. In just two hours after the launch, the token rose by more than 4,200%, reaching a staggering market capitalization of $7.7 billion. The sudden launch, coupled with its huge growth, has sparked debate, confusion, and FOMO on social media. #TRUMPOnBinanceFutures
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Investing in $SOL , like any cryptocurrency, involves potential benefits and significant risks. Here are some arguments often made in favor of investing in Solana, along with counterarguments and important considerations: * Fast and Scalable: Solana boasts high transaction throughput and low latency, making it suitable for applications requiring fast and cheap transactions. This is attractive for developers and users. * Growing Ecosystem: Solana has a rapidly expanding ecosystem of decentralized applications (dApps) across DeFi, NFTs, and gaming. This suggests growing adoption and potential for innovation. * Lower Transaction Fees: Compared to Ethereum, Solana offers significantly lower transaction fees, making it more accessible for everyday users. * Active Community: Solana has a vibrant and engaged community, which can contribute to the project's growth and development. * Innovation: Solana is continuously developing and improving its technology, potentially addressing existing limitations and introducing new features. #Solana
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Possible Future Scenarios for $SOL : * Continued Growth: If Solana can address its stability concerns and continue to attract developers and users, it could become a leading blockchain platform and see significant price appreciation. * Niche Player: Solana could carve out a niche for itself in specific areas like gaming or high-frequency trading, even if it doesn't become a dominant player in the broader blockchain space. * Stagnation or Decline: If Solana fails to address its challenges or if competing blockchains gain significant traction, it could see its growth stagnate or even decline. #solana
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