Cryptocurrencies Price Prediction: Solana, Crypto & Snek – European Wrap 22 July

Solana could cross $200 if these three conditions are met

Solana (SOL) corrects lower at around $180 and halts its rally towards the psychologically important $200 level early on Monday. The Ethereum competitor has noted a consistent increase in the number of active and new addresses in its network throughout July. 

Crypto rests after another rise

The cryptocurrency market is near 6-week highs, with capitalisation near $2.44 trillion, adding 0.5% in the last 24 hours. A wait-and-see attitude and some profit-taking replaced active buying in the last three days starting Friday. Judging by the dynamics, the market prefers to stand still, waiting for new signals, which may be statements from politicians or important economic data scheduled for the second half of the week.

Snek: The new memecoin making its mark

Are memecoins the future of crypto? That’s up for debate. But one new offering that might convince you is Snek, a Cardano-based coin that’s seeing gains reminiscent of the first crypto tokens. The fact that it has its own energy drink doesn’t hurt, either.