• 15 October, 2024
Markets News

BTC, SOL, and MEW Lead Crypto Trends Amid Market Surge

BTC, SOL, and MEW Lead Crypto Trends Amid Market Surge

In the current cryptocurrency market trends, Bitcoin, Solana, and Mew are the trending assets rising sharply. According to data from Santiment, such assets have increased significantly due to key developments and high trading activity. Bitcoin hits a fresh 25-day high, Solana’s new smartphone version is in high demand, and Mew is attracting attention after being newly listed on Upbit.

Bitcoin Hits 25-Day High

Bitcoin (BTC) has seen an increase in trading volume and a positive attitude. Currently, there is quite a buzz on social media regarding the conformity of Bitcoin hitting the new 25-day high. Based on the analysis, this has been influenced by the price trend of Bitcoin, which recently touched $63,000. Another forecast is that the price could rapidly rise to $70,000 in the near future.

Recent developments regarding U.S. Federal Reserve policies have also been a focal point. At press time, Bitcoin’s price has increased by 2.84% over the last 24 hours, reaching $63,804.95. Its 24-hour trading volume has decreased by 11.66%, totaling $40.29 billion.

Solana Seeker Smartphone Launch Boosts SOL

Solana (SOL) has received great attention since the release of the Solana Seeker smartphone. The device has already found its market, with more than 140,000 gadgets purchased, drawing people’s attention to social networks. This has led to some discussions regarding the token being either bullish or bearish. Furthermore, the group is also looking forward to the Solana Breakpoint event.

Innovative developments like Solana’s mobile expansion and developer accessibility have contributed to the increasing buzz. Solana saw a 6.44% increase in price, now valued at $147.66. The 24-hour trading volume for Solana decreased slightly by 1.38%, totaling $2.73 billion.

Altcoins Surge in On-Chain Activity Amid Bitcoin Uncertainty

Mew Gains Momentum After Listing and Airdrop

The meme coin Mew has surged in popularity following its recent listing on Upbit and a series of airdrop events. Mew’s trading volume spiked by 441% in just 10 minutes across major exchanges like ByBit and Bitget. This sharp increase in trading reflects a strong bullish sentiment among traders. 

Users have been actively sharing their experiences with Mew’s fluctuating value and its development roadmap. Mew’s price surged by 18.27%, reaching $0.00554. Its 24-hour trading volume skyrocketed by 360.97%, reaching $251.72 million.

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