Solana (SOL), Ripple (XRP), and Minotaurus (MTAUR) Are Getting Attention as Top Cryptocurrencies for the Current Market Cycle

With strong price performance, promising technical patterns, and developments around regulation and utility, these assets are catching the eye of buyers.

Solana (SOL), Ripple (XRP), and Minotaurus (MTAUR) are grabbing attention as top cryptocurrencies in the current market cycle. Here's a closer look at their recent performance and key developments.

Solana (SOL) Rallies on ETF News, Breaks Key Technical Levels

Solana's price has surged by more than 12% in the last one day and is now trading at 261 USDT, all-time high after the BTC price jumped to 99,000 USDT. The rally comes as the US regulator is reportedly starting to review Solana ETF applications, which were submitted by asset managers such as VanEck, 21 Shares, Canary Funds, and Bitwise.

CryptosRus, a cryptocurrency analyst with over 245K followers, predicts that Solana could hit 4,000 USDT to 5,000 USDT in this market cycle. According to him, the bullish "cup and handle" formation in Solana's weekly chart supports this target. "With Solana breaking out of its massive cup and handle the cup depth has a price target of around 5,000 USDT," he noted in an X (formerly Twitter) post.

From a technical perspective, Solana has already formed the handle of the pattern and is attempting to break above the previous record at 261 USDT. If the breakout is successful, the pattern suggests a potential price surge of up to 70% in the coming weeks, pushing the asset price towards 459 USDT. The departure of SEC chair Gary Gensler in January 2025 is also expected to create a more favorable environment for cryptocurrency ETFs, including Solana.

Ripple (XRP) Surges Amid Market Optimism, Regulatory Hopes

Ripple's XRP token has also seen strong performance and crossed the 1 USDT mark this week, surging nearly 200% from its June lows. The token has been fueled by increased buying pressure and anticipation of new developments on the regulatory front.

Rumors of Gensler's resignation due to Donald Trump's victory have raised hopes that the SEC's lawsuit against Ripple over XRP could be dropped. According to market analyst Armando Pantoja, XRP could potentialy hit 8 USDT to 30 USDT if the regulations turn favorable. He notes that the last major bull run for XRP token which took the token price from a few cents to 3.84 USDT occurred in a similar macro environment.

In terms of price analysis, XRP is currently forming a bullish pennant on its weekly chart, which is considered a positive formation. Buyers are eyeing another leg up if the price breaks above the first and second resistance levels at 1.33 USDT and 1.88 USDT. Additionally, the company's plans to introduce RLUSD, a US dollar-backed stablecoin, could further increase the asset's utility in blockchain payments and drive the long-term rally.

Minotaurus (MTAUR): A New Force in Blockchain Gaming

Minotaurus (MTAUR), a new cryptocurrency targeting the gaming industry, is quickly becoming a crowd favorite among blockchain tokens. The token presale has already generated over 266,000 USDT, and early buyers have reaped significant rewards as the token value has surged by 50% in presale.

Unlike most tokens, which are primarily speculative assets, MTAUR is deeply integrated within the Minotaurus gaming ecosystem, where it is used to unlock avatars and upgrades. The project has been audited by both SolidProof and Coinsult, which instills trust and credibility in the platform.

Minotaurus has identified the casual gaming market as its key focus, which continues to expand globally. The team has initiated referral programs, free giveaways, and encouraged participation within the gaming community to engage gamers and token holders. As a result, the project is hosting a 100,000 USDT giveaway and is well-positioned to become a major player in blockchain gaming.

Website: http://minotaurus.io/ Announcements: https://t.me/minotaurus_official Chat: https://t.me/minotaurus_chat Twitter: https://twitter.com/minotaurus_io