A trader losing $32 million on Solana meme coins $TRUMP and $LIBRA proves the crypto market's wild swings can burn even seasoned players.

Data shows $TRUMP skyrocketed to a $14.7 billion market cap after its January launch, fueled by Donald Trump's endorsement, before crashing hard.

One trader's $32 million loss on Solana meme coins $TRUMP and $LIBRA underscores how crypto's wild swings can burn even seasoned players. Commencing in January with Donald Trump's endorsement, $TRUMP's market cap soared to $14.7 billion. However, the token crashed hard after a 90% wipeout.

Meanwhile, $LIBRA, linked to Argentina's Javier Milei, saw a 90% price drop as insiders cashed out millions, leaving retail traders like this one in the dumps. According to Nansen, 86% of $LIBRA traders lost at least $1,000 each. This brutal lesson highlights how meme coins, often promising swift riches, deliver pain instead.

With glimmers of hope emerging for Shiba Inu (SHIB) and a potential Dogecoin (DOGE) rally, along with Cardano (ADA) and XRP showing strength, there are smarter picks out there. This trader could've dodged disaster by choosing tokens with stronger foundations. Let's delve into five such tokens.

Shiba Inu (SHIB) Keeps Crucial Support Level

Technical charts are displaying a falling wedge pattern for Shiba Inu, which could set the stage for an eventual price increase.

At the time of writing, SHIB is trading at $0.01581, notching up a 0.96% gain in the last 24 hours after a 14% decline. Buyers are managing to keep it above the $0.015 support level, while $0.18 acts as the next resistance.

As Bollinger Bands suggest that the token might be bottoming out, there’s potential for a rally. If momentum kicks in, price targets like $0.02913 or even $0.04401 could come into play.

Unlike $TRUMP and $LIBRA, which saw hype-driven collapses, SHIB has a community and chart strength that could keep it going.

Dogecoin (DOGE) Pliable on Community

Experts see potential for Dogecoin to reach $2, considering its dedicated fans and Elon Musk's favor.

Dogecoin boasts a history of incredible price surges, notching up a 12,000% rally four years ago and a 5,000% increase in 2017, hinting at a 432% rise to $2.28.

This trader, however, missed out on the OG meme coin and its resilience. While $TRUMP and $LIBRA faced crashes due to internal moves, Dogecoin is still going strong thanks to its grassroots nature.

Of course, some say the $2 goal for Dogecoin is far-fetched, but the token's past performance, especially during turbulent times in the crypto market, showcases its staying power better than Solana's quickly forgotten meme coins.

Cardano (ADA) Prepares For Next Growth Stage

Cardano's price analysts highlight upgrades like Ouroboros Leios, boosting its speed and setting sights on a $3 target.

Liquidity adjustments on Cardano's decentralized exchanges promise greater trading volume and stability—aspects lacking in $TRUMP and $LIBRA. Moreover, the Midnight privacy project brings secure smart contracts, potentially attracting institutional interest.

With rumors of an ETF and analysts like Dan Gambardello noting its potential, Cardano seems poised for gains, a stark contrast to the Solana meme coins that quickly fizzled out.

This trader, however, skipped Cardano, a blockchain focused on technology and development, not hype cycles.

XRP Touches $3 As Institutional Backing Builds

XRP is holding above the $2.50 mark after breaking out of a descending triangle, despite a 1% drop to $2.66.

Despite a recent setback, Grayscale and other firms' ETF filings, along with Brazil launching its first XRP ETF, highlight growing institutional trust in the token.

Predicting a swift resolution to the SEC lawsuit, Polly anticipates a "god candle" to $6. At the moment, Relative Strength Index (RSI) stands at 50.71, indicating room for recovery if XRP breaks the $2.75 resistance, aiming for $3.06-$3.50.

Unlike $TRUMP and $LIBRA's rug pulls, XRP’s institutional focus bodes well for sustained gains, an avenue this trader could've explored for better luck.

Rexas Finance (RXS) Brings Asset Tokenization To Forefront

Rexas Finance (RXS) is making waves with its presale, having raised $46,567,603 of its $56 million goal. Stages 1-11 sold out quickly, collectively raising $41 million, and now, stage 12, with a price of $0.2 (a 6.6x increase from $0.0