Despite the serious corrections in the altcoin market, Solana (SOL) and Sui (SUI) are showing strong recovery signals. The current market scenario looks similar to the 2017 and 2021 bull markets.
Preparation for Ascension in Altcoins
Bitcoin $92,802.9 The TOTAL 3 market cap metric, calculated excluding Ethereum and Ethereum, indicates that there is a strong momentum in the market. Crypto analyst Daan Crypto Trades stated that examining the TOTAL 3 market cap in relation to Bitcoin price can provide valuable insights into the market momentum of altcoins versus Bitcoin.
The analyst wrote that in 2017 and 2021, altcoins launched an impressive rally about a month after Bitcoin broke the all-time high of $20,000.
Additionally, the dominance of altcoin trading volume on the Binance exchange has reached 78%, which could herald a strong bull market in 2025. AIXBT, CGPT and COOKIE AI Coins, newly listed on the Binance exchange, have recently increased by 50% or more.
“The sustained increase in altcoin trading volume on the Binance exchange reinforces confidence in the potential for an altcoin bull market in 2025. “As retail investor interest increases, the altcoin market may experience strong momentum in the coming months.” – Daan Crypto Trades
Solana and Sui
According to the latest data from Artemis, Solana (SOL) and Sui (SUI) have seen strong inflows in the last 24 hours, while Ethereum (ETH) $3,153.0 experienced significant ups and downs. This indicates a change in investor sentiment and capital movements.
Crypto market data shows that Solana’s price is trading down 4% below $180 and Sui’s price is down 9% to $4.40. However, popular analyst Crypto Patel said that he expects SOL price to rise to $500 and SUI to $10 and above.
By closely following the market movements of Solana and Sui, investors can evaluate the potential of these crypto assets. Trading volume and new coin listings on the Binance exchange are supportive of the rise in altcoins.
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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.