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  • Writer's pictureDavid Manion

Solana up 30% past week, will ADA and XRP follow?

Solana up 30% past week, will ADA and XRP follow?
Solana up 30% past week, will ADA and XRP follow?

The cryptocurrency market is currently undergoing a potential change, as there are unconfirmed reports of the SEC potentially approving a Bitcoin spot ETF. If this happens, it could have a significant impact on the market, not just for Bitcoin, but also for other major players like Solana, Cardano, and Ripple. Industry leaders are optimistic and believe that the approval could come as soon as 2023, which would signal a major shift in the acceptance of cryptocurrencies as mainstream assets. The market's sensitivity to these developments indicates readiness for a substantial bullish response upon official announcements. In addition, new entrants like ScapesMania are also seeking to capitalize on the evolving landscape.

Solana's price seems to have fully recovered after an impressive 30% increase over the last week. It remains to be seen whether Cardano and Ripple will follow suit or if a new market participant will overtake them.


ScapesMania (MANIA) is a new player in the crypto industry that aims to offer a unique combination of gaming integration and easy token accessibility. This has the potential to drive its market growth.

Solana (SOL) is currently experiencing some technical challenges and market skepticism, which may require strategic reforms to get back on track.

Despite its technological advancements, Cardano (ADA) is facing profitability issues in the market, indicating a need for internal reassessment.

Ripple (XRP) is currently navigating through legal challenges, with temporary relief from SEC charges providing only a brief respite amidst ongoing legal uncertainties that are affecting its market position.

Solana up 30% past week, will ADA and XRP follow? ScapesMania (MANIA): Growth During Time Of Change

ScapesMania is widely regarded as one of the top new crypto projects for 2023 and beyond. It stands out from its competitors by offering multiple revenue streams and the potential for high returns during the presale phase.

Both companies and individual crypto traders seeking rapid gains should seriously consider ScapesMania's proposition. As the presale comes to a close, the price is expected to skyrocket, presenting an opportunity for significant returns. Currently, there is an active discount of approximately 85%, but interested parties must act quickly as this offer is time-limited.

Upon analyzing ScapesMania's tokenomics and other features, it becomes evident that it is the leading altcoin to hold at present. Its innovative gaming-related core concept, impressive presale figures, $150,000 giveaway, unwavering social media buzz, and other positive aspects ensure that ScapesMania will continue its successful trajectory. Therefore, it is advisable to get involved as soon as possible.

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Solana (SOL): Critical Review For Rising Crypto

Solana, a cryptocurrency that was once considered a promising contender, is currently facing various challenges. Despite its initial appeal, which was based on its fast transactions and low fees, the network's association with prominent entities such as FTX crypto exchange and Alameda Research has raised doubts among potential investors. Moreover, recent technical glitches and network halts have damaged its reputation, causing many to question its long-term viability.

Solana's current price range is uncertain, fluctuating between $18.55 and $22.99. While the 10-day moving average at $25.65 indicates a potential downward trend, the 100-day moving average at $22.31 suggests a possible stabilization in the near future. However, the support levels at $11.28 and $15.73, coupled with resistance levels at $24.62 and $29.06, indicate that there may be a volatile journey ahead.

The road ahead for Solana is fraught with challenges. Although its technological capabilities are undisputed, the network's centralization issues and lack of incentives for developers pose significant hurdles. The platform must address these concerns promptly to regain investor trust. Additionally, the broader market sentiment, influenced by regulatory changes and global economic factors, will play a crucial role in determining Solana's future trajectory.

Cardano (ADA): Current Market Reality

Cardano, a blockchain platform that uses a unique proof-of-stake protocol, is facing challenges as it reaches a critical juncture. Despite its strong technological foundation and commitment to sustainability, the network is currently experiencing a decline in profitability, with 94.13% of wallet addresses currently in a loss. This has led to doubts about its attractiveness as an investment avenue. Furthermore, Cardano's on-chain profitability has not kept pace with its developmental milestones.

The price of Cardano has been trading in the range of $0.240 to $0.263, which reflects the challenges it is facing. The 10-day moving average suggests that the price may stabilize at $0.252, but the 100-day moving average at $0.270 indicates that the coin may face resistance in its upward journey. While support levels at $0.205 and $0.227 provide a safety net, resistance levels at $0.272 and $0.294 suggest that there may be challenges ahead.

Cardano's future depends on its ability to adapt and innovate. While the platform's technological achievements are commendable, it needs to address the declining demand and high circulating supply. A restructuring of its tokenomics may be necessary, but it's uncertain whether this alone would be enough to revive investor interest. Cardano's partnerships and collaborations, which were once a strength, now need to deliver tangible results to restore confidence in the platform's potential.

Ripple (XRP): Legal Hurdles

Ripple, a prominent player in the cryptocurrency industry, recently experienced a temporary relief when the U.S. Securities and Exchange Commission (SEC) dropped its charges against Ripple executives Brad Garlinghouse and Chris Larsen. This resulted in a brief surge of optimism among the XRP community and a temporary boost in Ripple's price. However, the wider market remains cautious, and the future price trajectory of XRP is uncertain. The legal complexities surrounding Ripple are still ongoing, and further developments in its legal battles will likely impact its market position.

Due to the legal challenges, Ripple's price has been volatile. The current trading range of $0.466-$0.556 reflects the market's cautious approach towards the coin. The 10-day moving average, standing at $0.505, indicates a neutral trend, suggesting that the market is waiting for a clear direction. The 100-day moving average at $0.566, on the other hand, points to the coin's previous stability before the legal issues arose. The support levels at $0.327 and $0.417 provide some cushion, but the resistance levels at $0.597 and $0.688 signify that a significant upward movement might face challenges.

Although the immediate threat from the SEC's charges has been eased, the broader legal landscape suggests that Ripple's challenges are far from over. Some legal experts believe that the SEC's decision to voluntarily dismiss the case might be a strategic move, potentially aiming to expedite an appeal process in the future. This means Ripple could face renewed legal challenges, casting a shadow over its future prospects.


The world of cryptocurrency is full of potential and uncertainty. ScapesMania (MANIA) has distinguished itself with its innovative approach, proving that new players can still make a name for themselves in a crowded market. However, established cryptocurrencies like Solana (SOL), Cardano (ADA), and Ripple (XRP) are facing their own challenges.

Solana (SOL) is highly skilled technically, but recent events have raised concerns about its long-term stability. Cardano (ADA) is struggling to reconcile its technological advancements with market realities that question its profitability. Ripple (XRP) has a strong foundation, but legal complexities have cast a shadow over its future trajectory.

While the more well-known cryptocurrencies are expected to continue growing and increasing in value, ScapesMania is setting a high bar with its current growth rate. Early investors have already seen significant returns on their investment, and this is just the beginning.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.


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