Outside Source
The crypto market shows signs of recovery following yesterday’s market-wide pump that helped Bitcoin (BTC) break through the $98,000 resistance level. Although the leading cryptocurrency faced slight correction since, dropping to $97,569, altcoins like XRP (XRP) and Dogecoin (DOGE) are still making gains.
While all of the top five meme coins experience a green trend based on their weekly performance, only DOGE and Official Trump (TRUMP) managed to maintain yesterday’s momentum, with gains of 2.44% and 8.45% over the past 24 hours, respectively.
Besides XRP, Dogecoin, and TRUMP, Solaxy (SOLX) is seeing increased activity as its presale just surpassed the $21 million funds raised milestone. With an upcoming Solana Layer 2 network and a massive following, it’s no surprise the two-month-old presale is gaining increasing momentum, which could help it explode on launch.
Upbit Listing Helped TRUMP Break Past $20 After Nearly Two Weeks
The Official Trump token made waves in the crypto market when it launched on January 18th and made 11x gains in just 24 hours, soaring from its initial listing price of $6.24 to $75.35.
Since then, the token has fluctuated to the $22 level at the start of February and spent the first half of the month in decline.
The token managed to break out of its nearly two-week-long red trend on February 13th, when Korea’s largest exchange, Upbit, listed it. Entering February 13th priced at $15.5, TRUMP soared to $24.27 over the next 24 hours, representing a 56.58% soar.
Moon Jeff, a crypto analyst, expects the token will continue to soar over the next two days, as February 17th marks the US President’s Day holiday, which he expects will draw more attention to TRUMP.
Presidents day is coming on Monday 17th February.
This is the day when presidents are honoured in the united states. $TRUMP might be in the middle of it because of Donald trump.Expect volatility. pic.twitter.com/N6Xh725EYu
— MOON JEFF 🪐 (@CRYPTOAD00) February 14, 2025
Similarly, Don, a meme coin expert, is confident Trump will 2x over the next week and reach a market cap of nearly $9 billion, alongside other US-based tokens he expects to surge.
Trump’s Crypto Czar Prepares Important Announcements As TRUMP Sees Increased Activity
The election of President Donald Trump saw the broader crypto market explode in November last year, as Trump promised to continue working on transforming the US into the “crypto capital of the planet.”
Yesterday, Bo Hines, Trump’s executive director of the Crypto Council, welcomed several blockchain project representatives into the White House to discuss possible legislation changes, MSN reports.
Following the meeting, Trump’s Crypto Czar David Sacks hinted that “important announcements are coming soon,” which undoubtedly had an impact on today’s rally of TRUMP and several other altcoins.
As @EleanorTerrett reports, the inter-agency Working Group on Digital Assets is working well together to implement the President’s agenda. @BoHines is doing a fantastic job as Executive Director keeping everyone coordinated. Some important announcements are coming soon. https://t.co/H32D9EAYRk
— David Sacks (@davidsacks47) February 15, 2025
As Trump’s pro-crypto administration works on drafting new regulations and exploring the concept of a national Bitcoin reserve, it’s no surprise investors are showing interest in TRUMP.
With a long/short ratio of 1.56 over the past 24 hours, over 61% of investors believe the token will make short-term gains. Plus, Official Trump’s 14-day Relative Strength Index (RSI) has recovered from the oversold territory, which signals it has the potential to gain upward momentum fueled by its massive $6.67 billion daily trading volume.
Besides TRUMP and other US-based established tokens, Solaxy is receiving increasing investor attention, as it works on a Solana Layer 2 and aims to help the leading blockchain deal with its congestion issues.
Solaxy Gains Momentum As Expert Highlights Its 30x Potential – Here’s How To Buy
Solaxy seeks to help Solana’s mainnet avoid those issues in the future using a system called rollups, which will bundle transactions and process them off-chain before finalizing them on Solana.
Solana has seen a massive congestion issue following TRUMP’s release, which resulted in transactions that took hours to process, with Suhail Kakar claiming over 40% of Solana transactions failed around the same period.
With over $21 million raised since its inception in December 2024, and a community of over 75,000 supporters across X (Twitter) and Telegram, SOLX is one of the most hyped presales today.
Meme coin analyst ClayBro believes SOLX’s early presale success comes from its ambitious goals of improving Solana’s Layer 1, which resonates with investors who wish to stay in its ecosystem while avoiding its transaction-related issues that appear during high-traffic hours.
The expert is confident that with an audit from Coinsult confirming investor funds are secure with SOLX, and an organic, growing community, SOLX could see a 30x soar once it hits the DEXs.
Currently, the per-token SOLX price is $0.001636, and investors can purchase it using BNB, ETH, USDT, or a traditional bank card. No minimum investment is required.
This article first appeared at CryptoNinjas
