The recently shifted market dynamics have led Bitcoin to catch up with a strong bullish momentum with it briefly touching the $108K mark earlier today. At the time of writing, Bitcoin is trading at $106,544, showing strong momentum despite a slight pullback.
Adding fuel to Bitcoin’s fire, open interest in BTC futures has also hit an all-time high of $76.06 billion today. This record-breaking figure—accompanied by Bitcoin’s soaring price action—reflects heightened market participation and optimism.
While Bitcoin leads the charge, altcoins are not far behind, with the rally igniting excitement across the crypto market. Altcoins like XRP, Solana (SOL), and Dogecoin (DOGE) are gearing up for their own upward trajectory as Bitcoin moves closer to its all-time high.
XRP Aims Reclaiming $2.6
With the strong push, XRP is aiming to reclaim the $2.6 mark and potentially follow its recent upward trend. This optimism underscores XRP’s strong potential as a solid investment opportunity.
According to CoinMarketCap, XRP has declined over 10% over the past week, with its current price at $2.34. Despite this dip, analysts remain bullish, forecasting a potential climb to $3.51 by year-end and up to $7.54 by 2030.
Solana (SOL) to Retest $180
Solana (SOL) is also showing promise, with its price currently at $169.74, ranking it fifth in the crypto ecosystem. It has declined by nearly 7% in the past 7 days.
Analysts expect SOL to break the $180 barrier soon, with projections of reaching $200 by May end and climbing as high as $300 by December 2025. Solana’s steady performance positions it as a key player in the altcoin rally.
Dogecoin (DOGE) Prepares for $0.25
Meanwhile, Dogecoin (DOGE) is preparing to hit $0.25, with analysts forecasting a 10% increase to its current price of $0.2275. Dogecoin’s market sentiment is largely influenced by Bitcoin’s bullish run and remains cautiously optimistic.
As Bitcoin eyes new highs, the ripple effect is clear with major altcoins poised for momentum, making this an exciting time for crypto investors. The market’s next moves will be crucial in determining whether these coins can sustain their upward trajectories.
Also read: Solana Chain GDP Grew 20% While DeFi TVL Falls 64% in Q1 2025
