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The post Solana Adoption at ATH, Will Price Follow or Keep Dropping? appeared first on Coinpedia Fintech News Despite ongoing market uncertainty, Solana (SOL), the world’s fifth-largest cryptocurrency by market cap, is gaining significant attention from the crypto community. Recently, a prominent crypto expert posted on X (formerly Twitter) that the total number of Solana addresses has reached a new all-time high of 2.07 billion. Solana’s Record Adoption A high number of addresses doesn’t necessarily mean high daily transactions or engagement. This substantial rise in Solana addresses shows how the community is adopting Solana-based dApps, NFTs, and DeFi projects. However, many addresses could be created by bots or airdrop farming rather than real users. The total number of #Solana $SOL addresses has hit a new all-time high of 2.07 billion! pic.twitter.com/1WSu8eKstk — Ali (@ali_charts) March 6, 2025 Current Price Momentum Despite rapid adoption, the price of SOL remains in a downtrend due to market uncertainty. The asset is currently trading near $141 and has experienced a 5% price drop in the past 24 hours. During the same period, its trading volume jumped by 15%, indicating heightened participation from traders and investors compared to the previous day. However, the inclusion of SOL in the Crypto Strategic Reserve might be a key reason behind the growing attention from traders and investors. Additionally, Solana’s superior blockchain technology is another factor driving its rapid adoption. Solana (SOL) Price Action and Upcoming Levels According to expert technical analysis, SOL is still in a downtrend and struggling to recover due to current market conditions. It is currently trading below the 200 Exponential Moving Average (EMA) on the daily timeframe. Despite the downturn, the asset is near a crucial support level of $130 and appears to be consolidating within a tight range. Source: Trading View Based on recent price action and historical patterns, if SOL begins to rally and closes a daily candle above the $150 level, it could surge by 22% to reach $185 in the coming days. In addition to all this, investors and long-term holders are actively accumulating the token, as reported by the on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of over $42 million worth of SOL tokens in the past 24 hours. Source: Coinglass This substantial outflow suggests potential accumulation, which could create buying pressure and fuel a further upside rally.

Charles Hoskinson, an active crypto leader who is passionate about the blockchain industry, has recently been spotted as ignored from the March 7 summit. The event held at the White House has only invited a few of the Crypto Personalities while leaving out the co-founder of Cardano. The report from Unchained says that not only the confounder Hoskinson but also the whole Cardano team remains uninvited from the guest list of the crypto summit. This decision provoked many questions and uncertainty, picking around the crypto industry. Why Was Hoskinson And Cardona’s Team Left Out of the Crypto Summit? According to information from the White House, the reason for not inviting Charles Hoskinson, the co-founder of Cardano, and the entire Cardano team was that their views were not considered important enough to influence government policies related to cryptocurrency. Hence, from the list of 25 participants, the name of the co-founder seemed to be ignored. This situation made the enthusiast notice the kind of the White House’s attitude toward the crypto industry. Trump’s Past Remarks vs. The Summit Snub: A Contradiction Trump’s past comment about Cardano’s native token, ADA, has made the situation more complicated as he stated that ADA is an important part of the future crypto reserve. This public statement indicates that Cardano might hold some importance in the crypto policy conversation. Although this may directly contradict Hoskinson’s exclusion from the White House Crypto Summit. Some view this event as a minor oversight, while others argue that it can indicate major political divides or changes in priorities within the U.S. government in accordance with Cryptocurrency. The White House Crypto Summit: What’s at Stake for Cardano and Crypto Policy The white House Crypto Summit is initiated to play an important role in shaping the future of crypto policy in the U.S. This summit will aim to bring leaders, policymakers, and experts together to address important issues like consumer protection, financial stability, and innovation in the Cryptocurrency However the exclusion of Hoskinson may give rise to concern whether the summit will have a wide range of perspectives and voices which are required for making effective decisions and policies. Hoskinson understands Blockchain technology and decentralized systems deeply, and his advice and views could have provided valuable insights for policymakers. His absence narrows the policy framework. What Does This Exclusion Mean for Cardano’s Future? Cardano will remain a powerful player in the crypto space regardless of Hoskinson’s exclusion from the White House Crypto Summit. This project stresses peer-reviewed research, security, and scalability, which continues to attract developers and users alike. The project will continue successfully as Cardano’s strong community, growing ecosystem, and decentralized application, regardless of the political dynamics. Although political engagement can certainly make an impact on the regulatory environment, the fundamental strength of Cardano, like its strong technology and decentralization, remains unaffected by the exclusion of Hoskinson from the summit. Cardano will remain the top Blockchain leader because of its community’s hard work and innovative spirit. Final Words What’s Next for Cardano and Crypto Regulation? Charles Hoskinson, Cardano’s co-founder, was not invited to the White House Crypto summit, which was surprising, as Cardano’s importance in the crypto world remains unconsidered. Cardano is yet expected to remain powerful. As we all are waiting for the White House Crypto summit outcome, the exclusion of Hoskinson will state the complex relationship between political and evolving crypto space. Want to know more about happenings in the crypto space, then do reach out to The BitJournal FAQs When is the White House Crypto Summit 2025? The White House Crypto Summit is estimated to be held on March 7 2025 2. Why is the White House Crypto Summit being held? The White House Crypto Summit is being held to discuss issues on cryptocurrency like consumer security, financial stability, and the future of cryptocurrency regulation. 3. Why wasn’t Hoskinson ignored at the summit? Hoskinson’s views were not seen as important to frame and impact future crypto policies. 4. How does Hoskinson’s Current Status affect Cardano? This status adds restrictions to Cardano’s participation in cryptocurrency policies. 5. What did Trump say about Cardano? Trump said that Cardano’s token, ADA, could be part of the future crypto reserve. Glossary Crypto Summit- A meeting about cryptocurrency and blockchain technology. Charles Hoskinson- The co-founder of Cardano. Cardano- A blockchain platform cofounded by Charles Hoskinson. ADA- The digital coin of the Cardano network. White House – The government of the US, which regulates crypto policies Sources- Coinmarketcap Unchained

Don't expect bounce in Crypto without #Nasdaq . #NASDAQ NEAR 10% DOWN AND TESTING SUPPORT OF RISING CHANNEL.. US index erased all post election gain. Interesting to see that will Trump come to support or he continue create uncertainty in market. RSI reach below 30 , oversold. So we can expect a bounce from here.. Job data, CPI and FOMC meeting on March 19 will decide major move in coming days. BTC range is $83k -$95k nd $73k -$110k

Doctor Profit, a seasoned Bitcoin investor, has started offloading half of his holdings bought at $16,000. He set sell orders between $90,000 and $102,000, securing substantial gains. He warned retail traders about falling into the hype of Bitcoin reserve news , predicting a potential market trap. According to his strategy, smart investors sell into strength while others chase momentum blindly. Following its late 2022 bottom at $16,000, Bitcoin has demonstrated significant upward momentum. There has been an increase in prices over the last two years, surpassing $90,000. The latest technical indicators suggest Bitcoin is testing critical resistance levels near $94,382. If Bitcoin sustains support above $88,000, a breakout could push prices toward the $100,000 psychological barrier. Besides, a bullish trend has been shown by the higher lows that Bitcoin has been making. Bitcoin’s price has recovered from a solid support zone between $85,000 and $88,000, according to the analysis. This range has seen buying pressure, preventing sharp declines. Furthermore, another key support lies at $78,000, where Bitcoin previously recovered after a sharp dip. These factors indicate that strong liquidity pools are supporting the uptrend. According to reports by Crypto Fella, the U.S. government presently owns around 200,000 Bitcoin, which is worth about $16.92 billion. As traders make predictions about potential sell-offs or regulatory actions, this enormous reserve may have an impact on market movements. Furthermore, because of the recent volatility of Bitcoin, traders have been on edge. Brief price variations have been seen in the market, along with sharp swings. For Bitcoin’s next move, the resistance level at $94,382 is still a critical test. Bitcoin may soon attempt to reach new heights if buyers keep up their momentum. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Litecoin (LTC) continues to exhibit a bullish outlook, supported by its Market Value to Realized Value (MVRV) ratio. On-chain metrics indicate a potential rebound if key support levels hold. Crypto analyst Ali Martinez reported that Litecoin’s MVRV ratio stands at 15.91%. The metric is used by market participants to assess market phases. Higher ratios often occur during profit-taking events and corrections. The ratio assists investors in timing entry and exit points. #Litecoin $LTC maintains a bullish outlook as the MVRV Ratio signals strength! pic.twitter.com/Xprn0NqyXF The chart indicates that Litecoin’s price and MVRV ratio follow similar trends. Increases in price coincide with ratio rises, while declines correspond with ratio drops. The 200-day moving average acts as a long-term support level. Historical data shows that when price remains above the 200-day moving average, recovery is common. Dips below this average have coincided with price weakness. Analysts use the 200-day moving average as a benchmark for long-term performance. On-chain data indicates that keeping the MVRV ratio above the 200-day moving average may correlate with sustained price trends. A break above recent highs could bring Litecoin near new resistance levels. Market participants compare current levels with historical trends for context. Conversely, if the ratio declines toward the 4% zone, it may signal undervaluation. Traders monitor the $95 support level closely. Failure to hold this support could lead to declines toward $90 or $85. Support levels and ratio movements are tracked in real time by traders. The Stochastic RSI indicator is near oversold territory, typically below the 20 level. Historical data shows upward crossovers have followed short-term price recoveries. Technical indicators offer additional reference points for market behavior. If Litecoin defends the $95 support and the Stochastic RSI shows an upward crossover, prices may reach $105 to $110. If support is not maintained, extended losses with targets around $90 have been observed. Observations from on-chain data support these scenarios without providing guarantees. Litecoin was trading at $104.86 as of writing. The asset experienced a 1.67% decline in the last 24 hours and a 12.09% drop over the past week. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.