- Solana (SOL), recovering from its 2022 lows, continues to attract investors with its robust dApp ecosystem and Solana ETF optimism.
- Binance Coin (BNB) is trading just 10% below its all-time high of $788.84 while Ripple’s XRP surpassing $3.
The crypto market appears to be the first sector to stage a comeback following the latest correction, as most major assets are trading in the green. Bitcoin (BTC), the largest digital currency, has rallied above $99,000, an indication that confidence among investors is returning. The worldwide cryptocurrency market capitalization has jumped by 1.82% in the last 24 hours to $3.5 trillion. Altcoins like Solana, XRP, and BNB are now eyeing fresh all-time highs.
This rebound comes after a phase of market turbulence induced by macroeconomic factors. At the start of this month, better-than-expected jobs data in the United States lowered the chances of near-term cuts in interest rates, causing widespread selling in the digital asset markets.
Additional selling pressure was initiated in December 2024, when U.S. inflation moved up to 2.7%. The Federal Reserve responded with a more prudent monetary policy and announced only two interest rate cuts for 2025 instead of the expected three, surprising risk-asset markets, including cryptocurrencies.
Despite these adverse factors, numerous digital assets possess remarkable strength and are yet to breach new all-time records. Now, check out the top three cryptocurrencies that will soon breach their previous all-time records.
Binance Coin (BNB) Price Surges
One of the most phenomenal growth stories for the past year has been the native token for the Binance ecosystem, the Binance Coin. BNB reached its high of $788.84 on December 4, 2024, because investors became keenly interested in the platform’s offerings, ranging from decentralized finance (DeFi) solutions to non-fungible tokens (NFTs).
At present, BNB price is trading just 10% below its all-time high and has shown strong momentum. The robust performance of the coin may lay the foundation for another record-breaking rally in the near future with Binance expansion across the world, as reported by CNF previously.
Ripple (XRP) Breaks $3
Ripple’s XRP token has experienced significant price appreciation, marking its resurgence in the crypto market. For the first time in nearly seven years, XRP price surpassed the $2 level in 2024, driven by developments in Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) and its growing adoption in cross-border payment solutions.
XRP recently retook the $3 milestone and is only 10% away from its all-time high of $3.40. With increased adoption among financial institutions, XRP is in a strong position to continue being a top crypto. This price surge comes despite the US SEC appealing Ripple’s court ruling over XRP transactions, as outlined in our previous article.
Solana (SOL) Price Soars
Solana has been one of the few shining lights in the crypto space over the past two years. Once trading below $10 in 2022 after the FTX fiasco, the token has staged an impressive recovery thanks to its high-speed transactions and expanding ecosystem of decentralized applications (dApps).
SOL price’s strong upward trajectory shows that it is still attractive to developers and investors. Although it is currently lagging behind its previous all-time high, the asset’s performance is a testament to its ability to regain lost ground in the coming weeks, as explained in our latest analysis.
