Market Update: Ethereum and Solana Excel; Rebel Satoshi Sees Surging Interest
The crypto market is holding a green candle after starting December with bulls on the front foot. As a result, top altcoins like Ethereum (ETH) and Solana (SOL) have recorded double-digit gains. Meanwhile, Rebel Satoshi ($RBLZ), an upcoming meme coin, has seen tremendous investor interest after surging 30% in three weeks.
Will Ethereum and Solana continue climbing to match Rebel Satoshi’s growth? Let’s find out!
Ethereum has performed well over the past seven days. On December 1, ETH was changing hands at around $2,096.21. After days of moderate gains, ETH spiked sharply on November 7 after a whale account dumped 569.908 Chainlink (LINK) tokens to purchase 3,500 ETH.
This whale activity saw ETH jump as high as $2,379.08 on November 8 before leveling off at around $2,353.50. This price means ETH has gained 12.27% in a week. This bullish performance has left investors asking, will ETH continue trading in the green until the end of the year?
According to experts, Ethereum will continue correcting downward as the excitement around the whale activity fades. To this end, experts set the end-of-year ETH prediction at $2,247.04. Based on this forecast, experts advise adding ETH to the list of altcoins to watch before the much-anticipated 2024 rally.
Solana has displayed a stellar performance over the past seven days. On December 1, SOL was trading at around $60.63. After days of sideways trading, SOL gained bullish momentum on November 6 after Solana Labs’s co-founder, Anatoly Yakovenko, unveiled plans to launch new models of Saga, a Solana-powered smartphone.
This news introduced a strong buying force that saw SOL climb as high as $73.93 on December 8 before stabilizing at $72.71. Despite the slight downtrend, this price means SOL
Read more on cryptonews.com
