The likelihood of XRP's decline and the volatility of Solana become apparent amidst rising interest in new project DeSoc, offering unique user opportunities.
XRP Situation: Support Under Pressure
Recently, XRP fell below $3 as trading volume decreased and investor interest waned. Despite recent regulatory victories, Ripple has failed to implement fresh innovations into its core payment utility.
XRP is currently struggling to maintain above the 20-day EMA around $3.01 after a drop to $3.07. Bulls are trying to reclaim $3.25 to push the price back towards recent highs, but resistance remains significant. Analysts warn that failure to hold above the $3.30–$3.40 zone could trigger a deeper slide towards $3.00 or even $2.95. Predictions of a slow recovery take precedence unless new financial institutions begin large-scale adoption of its on-chain services.
Solana's Rise: Meme Coins in Focus
The Solana ecosystem is currently thriving due to the surge in meme coins like BONK and PENGU. BONK rallied by 7% in 24 hours, holding above the $0.00003 support.
Meanwhile, PENGU saw an impressive increase of 91% over the past week and now surpasses BONK as the leading meme token by market capitalization. Despite these double-digit gains, critics warn that the hype may not extend to SOL, Solana's native token, which reversed after climbing above the $200 mark. However, analysts remain optimistic as ETF trends spark bullish sentiment, predicting a potential rise to $250–$300 by late 2025.
DeSoc Prospects: A New Alternative
DeSoc is finding its niche in the market with its first decentralized social networking project utilizing its native $SOCS token. This solution allows users to publish content both on the platform and across major social channels like Twitter and Instagram.
DeSoc empowers users with full control over content and identity through spam-resistant messaging and a reputation system called SoulScore. Users gain the opportunity to directly participate in community governance and content monetization transparently on-chain. Developers can also utilize open APIs for activity synchronization, providing support for cross-platform compatibility.
Thus, the current market dynamic shows significant pressure on XRP and Solana, while DeSoc emerges as a promising project that may attract investor attention with its innovative features.
