- Solana rebounds over 40%, now trading at $156 after hitting a low of $110.
- Gaming token BEAM and meme coins PEPE and WIF show significant gains, with WIF up over 80%.
- Bitcoin is projected to enter the $75K range in the short term.
The crypto market fully relaxed after the storm of last Monday when Bitcoin and other leading altcoins like Solana (SOL) revisited fresh low values for the year. In particular, while Bitcoin plunged to $49K, Solana tanked to $110.
However, the market is fully recovering from the losses as Bitcoin is back at the $60K range, sustaining the threshold for the past few days. At the same time, Solana has since reached $163 following the fall to $110, marking an impressive comeback of over 40%.
Meanwhile, at press time, Solana has briefly retraced, trading at $156 after advancing by 1.4% in the last 24 hours.
Notably, Solana is not the only top-ranking crypto asset that has recovered from the market dip. In the last 24 hours, the gaming token Beam (BEAM) has surged by over 13%, trading at $0.01415. Last Monday, BEAM was valued at $0.01026, indicating a 38% rebound since the recent downturn.
Similarly, the FET token from Artificial Superintelligence Alliance has grown by 9% over the past day, trading at $0.9158. After last week’s market storm sent FET down to $0.7039, it has since rebounded by over 30%.
In the meme coin sector, Ethereum’s PEPE and Solana’s Dogwifhat (WIF) have been top performers. PEPE has increased in value by 4% in the last 24 hours, trading at $0.000008732. This marks a full recovery from last week’s low of $0.0000059, with PEPE up by over 53% since the fall.
Meanwhile, WIF has shown even more impressive performance, rising by 3.5% over the past day and achieving a cumulative seven-day growth of over 18%, with its price now at $1.87. Considering WIF was worth $1.0837 last Monday, it has rebounded by over 80%.
As various crypto assets recover from last week’s losses, analysts suggest that more gains could be expected in the coming days, with projections indicating that Bitcoin could re-enter the $75K range.
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