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Cryptocurrencies Price Prediction: Solana, Bitcoin & Crypto – European Wrap 20 January

Cryptocurrencies Price Prediction: Solana, Bitcoin & Crypto – European Wrap 20 January
FXStreet TeamFXStreet TeamFXStreet

Solana eyes $300 milestone as DEX volume hits $27 billion, boosted by meme coins TRUMP and MELANIA

Solana (SOL) price trades in the green around $263 on Monday after hitting a new all-time high of $295.83 the previous day. Artemis data shows that SOL’s Dex trading volume reached a new all-time high of $27 billion, boosted by meme coins TRUMP and MELANIA. 

The technical outlook and on-chain metrics hint at a continuation of the rally as SOL’s Total Value Locked (TVL) and fees generated reach record levels.

Chart

Bitcoin and Solana reach new heights

The cryptocurrency market witnessed a significant surge in volatility, reaching an all-time high of $3.72 trillion in total capitalisation on Monday morning. This growth was driven by the successful launch of meme-coins associated with Trump and his wife Melania, whose substantial capitalisation growth positively impacted the entire market.

Trump-backed crypto project sees token surge amid Meme coin hype

World Liberty Financial, backed by Donald Trump, sees a surge in token sales and adds 5% more supply amid excitement over new Trump family meme coins.

World Liberty Financial (WLF), a decentralized finance project linked to Donald Trump, recently reported a surge in token sales. This comes as the company sold 20% of its token supply and announced it would release an additional 5% to meet overwhelming demand. Tokens are currently priced at $0.05.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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