The cryptocurrency market is currently seeing increased buying activity, with digital assets trying to recover from recent losses. While Bitcoin is grabbing attention as it aims for the $65,000 resistance level, altcoins are also becoming more attractive.

Finbold has identified two cryptocurrencies that are worth keeping an eye on due to significant developments and metrics affecting their prices in the current bullish market sentiment.

Solana (SOL)

Solana is looking to break the critical $150 resistance level after the recent rally. The DeFi platform remains a hub of activity and interest in the crypto space.

The performance of meme coins like Dogwifhat (WIF) and Bonk Inu (BONK) on Solana has been notable, challenging established players such as Shiba Inu (SHIB). However, the trend seems to be moving towards cat-themed tokens, with the rise of assets like Popcat (POPCAT) driving SOL's price up.

The locked value on the Solana network has seen a significant increase, reaching $4.013 billion. This surge indicates growing user engagement, platform confidence, and increased liquidity and trading volume.

Currently, Solana is trading at $147, up nearly 4% in the past 24 hours and over 7% in the last week.

Shiba Inu (SHIB)

Shiba Inu has shown strong gains recently, surging by over 10% in the last day. Factors like increased trading activity, token burns, and network developments are contributing to SHIB's positive performance.

The successful hard fork of Shiba Inu's layer-2 blockchain, Shibarium, is a significant development that aims to enhance network usability and transaction efficiency. This improvement could be the primary driver of SHIB's price movements.

Technical analysis suggests that SHIB is forming a bull flag, indicating a potential bullish breakout that could lead to a 180% growth to $0.000072323.

As of now, SHIB is valued at $0.000026, with a nearly 6% rally in the last week.

In conclusion, the market sentiment will likely impact the performance of Solana and Shiba Inu, in addition to their inherent fundamentals.