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Top Cryptos to Consider Before the Bull Run`s Final Stretch - Is Solana Leading the Charge?

With the cryptocurrency market on the verge of a significant upswing, investors are on the lookout for digital assets with high growth potential. Solana is in the spotlight for its rapid advancements and potential to surpass other cryptocurrencies. Picking the right digital currencies before the market reaches its peak could result in substantial returns. NOW Wallet reports rising transaction volumes for cryptocurrencies like SOL, ADA, XRP, and TRX. Solana Aims for a $265 Resistance as Bullish Momentum Builds Solana is displaying bullish momentum, with its relative strength index above 60 and a positive MACD level. Although it experienced an 8% dip last week, the cryptocurrency has gained nearly 50% over the past six months. Its current price fluctuates between $182 and $234, nearing the $265 resistance. Should the upward trajectory persist, Solana might target the next resistance at $318, representing a potential 30% increase from its current value. Transaction volumes have been rising, as noted by NOW Wallet, an all-in-one app designed for securely managing cryptocurrencies like Solana, without any custody or hidden fees. >>> Streamline and Expand Your Crypto Holdings Easily with NOW Wallet Cardano Under Bearish Influence Amid Recent Price Drop Cardano (ADA) is currently under bearish pressure, with its price ranging from $0.71 to $0.95, having fallen nearly 19% in the last week and about 29% over the month. The short-term average price is below the long-term average, indicating downward momentum. Although the strength index shows neutral activity, negative indicators point to a bearish trend. If the price falls below the $0.61 support, it could target the next support at $0.37. Alternatively, if buyers emerge, the price might aim for resistance levels at $1.09 and $1.32. Importantly, transaction volumes have been on the rise, according to NOW Wallet, a secure app for managing cryptocurrencies. >>> Streamline and Expand Your Crypto Holdings Easily with NOW Wallet XRP Eyes $3.50 Resistance as Bullish Momentum Grows XRP`s price is fluctuating between $2.29 and $3.04. Despite a 14% decline over the last week, it has seen an 8% increase over the month and a significant 338% surge over six months. Momentum indicators suggest a neutral market with a slight bullish inclination. If the price surpasses the $3.50 resistance level, it could climb to $4.25, marking a potential increase of over 40% from its current position. Notably, XRP transaction volumes have seen a rise, as reported by NOW Wallet, an app for securely storing, swapping, staking, and managing cryptocurrencies without custody. XRP can be held on NOW Wallet without registration and with no hidden fees. TRON Under Bearish Pressure but Targeting Key Resistance Levels TRON (TRX) is experiencing bearish pressure, with its price between $0.21 and $0.25, having dropped by 9% over the past week. The Relative Strength Index is at a neutral 51. If the price remains above the $0.20 support level, it could aim for the $0.27 resistance. Breaking past $0.27 might propel it towards $0.31, representing a potential 35% increase from the current price. The 10-day Simple Moving Average is $0.22, lower than the 100-day average of $0.24, indicating short-term weakness. Despite recent drops, transaction volumes have notably increased, as reported by NOW Wallet, an app for securely managing cryptocurrencies like TRON without custody or hidden fees. Conclusion In summary, Solana (SOL), Cardano (ADA), XRP, and TRON (TRX) offer distinct opportunities for investors and traders. Solana is notable for its fast transaction speeds and low costs. Cardano prioritizes sustainability and innovation. XRP is focused on revolutionizing cross-border payments. TRON targets decentralized applications and content distribution. For those considering investments in these cryptocurrencies, the NOW Wallet app is an excellent choice. It ensures privacy and security without requiring registration or holding user funds. NOW Wallet simplifies crypto management with straightforward fiat-to-crypto operations and supports the storage and quick exchange of thousands of tokens across major blockchains. Its built-in cross-chain swapping features make transactions easy and efficient. Finbold

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Sol Strategies Bolsters Solana Holdings to Near 190,000 SOL Worth More Than $40M

Solana-focused Canadian investment company Sol Strategies purchased 40,300 SOL between Jan. 19 and Jan. 31, for approximately $9.9 million at an average price of $246.53 per token. The Toronto-based company, which runs three mainnet Solana validators, said that it now holds 189,968 SOL worth roughly $40.89 million purchased at an average price of C$256.21 per SOL, or around US$178.39 per token, according to a press release . Last month the firm, which has submitted an application to list on the Nasdaq, sold $2.5 million of convertible debentures to add an additional 6,564.57 SOL at an average price of $265.65 per token. Solana price, at the time of writing, was trading at $215 after losing more than 8.5% of its value over the past week amid a wider cryptocurrency market downturn. Sol Strategies, formerly known as Cypherpunk Holdings, is led by former Valkyrie Investments co-founder Leah Wald. It has acquired validators not only on Solana but also on Sui (SUI), Monad (MONAD), and ARCH (ARCH). Validators process transactions to help secure Proof-of-Stake blockchains by staking certain amounts of these networks’ cryptocurrencies. According to its website, Sol Strategies also holds 3.168 BTC worth $315,800 at the time of writing as it shifted its investment strategy from accumulating BTC to SOL.Read more: ‘It’s So Early’: How Solana Is Competing With Ethereum for Institutional Interest Finbold