Crypto prices are experiencing very high volatility as Bitcoin price is once again retesting the $42,000. At the time of writing, the leading crypto token is priced at $42,108 after a minor bounce from the Monday lows. In the heightened volatility, the much-awaited Jupiter (JUP) coin finally hit the exchanges but had a loss-filled debut.
The bearish price action comes as the markets try to digest the FOMC decision and a potentially longer tightening cycle. The recent remarks from the Fed Chair have given a major blow to the expectations of rate cuts in the March FOMC meeting.
On the same day, one of the most widely traded cryptocurrencies, Ripple (XRP), made headlines with a $112.5 million hack. According to reports, Ripple co-founder Chris Larsen’s personal wallets were hacked, depriving the executive of 213 million XRP coins.
As the law enforcement investigations begin, most funds have already been laundered via five different crypto exchanges. Consequently, XRP price fell 1.45% on Wednesday, hitting its lowest level since 19 October 2023.

Jupiter (JUP) Experiences A Rough Debut

The much-anticipated Jupiter airdrop finally occurred on Wednesday, and the Solana-based coin was finally launched on crypto exchanges. However, the Jupiter (JUP) price has been in a tailspin since its trading debut, possibly due to the airdrop receivers selling their coins. At press time, JUP crypto is trading 70% below its peak.

Bitcoin Price Outlook & Technical Analysis

On Thursday morning, BTC price is trying its best to hold the $42,000 support. The price retested the Monday lows around $41,888 in the initial hours of trading, but the bulls were quick to push the price above $42k. A breakout above $42,500 may result in a retest of the weekly highs, but a breakdown below $$41,800 could be extremely bearish.
The following chart shows that Bitcoin price has broken below the hourly uptrend line. This indicates that the bears are gaining momentum, and the bulls must step in soon.

Solana Price Dips To $93

SOL/USD is experiencing strong selling pressure after a rejection from the $107 resistance. The price of the native asset of Solana blockchain dropped to $93 in the early hours of Thursday morning. A 4-hour candle closure below $93.45 will confirm the bearish reversal with targets as low as $79 on the cards.
The following chart depicts the recent rejection and the possible price targets in case the bearish scenario plays out. To avoid the bearish outlook, Solana price needs to overcome the supply which lies within the $103-$108 zone.

Join our WhatsApp and Telegram Community to Get Regular Top Tech Updates

Disclaimer: Any financial and crypto market information given on Analytics Insight are sponsored articles, written for informational purpose only and is not an investment advice. The readers are further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Conduct your own research by contacting financial experts before making any investment decisions. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims. We do not represent nor own any cryptocurrency, any complaints, abuse or concerns with regards to the information provided shall be immediately informed here.

$1000 in Solana (SOL), Shiba (SHIB), and Retik Finance (RETIK) to Become $100,000 in 2024

The cryptocurrency market presents lucrative opportunities for strategic investors seeking substantial returns. Identifying promising projects in their early stages and holding through price appreciation cycles makes it possible to realize exponential gains. This article explores how a $1000 investment allocated across Retik Finance (RETIK), Shiba Inu (SHIB), and Solana (SOL) could potentially yield $100,000 by 2024.
Click Here To Take Part In Retik Finance Presale
Backing Breakthrough Innovation with Retik Finance
As a forward-thinking platform bridging crypto with everyday payments, Retik Finance represents the next evolution of decentralized finance. Its comprehensive toolbox, encompassing crypto debit cards, a multi-chain wallet, and P2P lending, positions Retik as a leader in simplified DeFi adoption. Retik Finance has opted to rely on individual investors instead of traditional venture capital investment. This strategy, according to the initiative, is more in line with its goal of revolutionizing DeFi and empowering the community. Retik Finance lets private investors take part in the presale, which guarantees a decentralized and equitable token distribution. Having raised over $15 million in its ongoing presale event, Retik Finance (RETIK) demonstrates strong early traction. Its first-mover advantage in bundling together several revolutionary concepts signals the immense growth potential ahead. As the project advances through launch phases towards top exchange listings, exponential returns for early backers are highly conceivable. In an eye-catching $333,000 contest, 10 lucky community members will earn a sizable Retik Finance (RETIK) investment. Participants must fulfill requirements such as following official accounts and introducing friends to be eligible for the epic draw. This has greatly increased the number of people who are aware of what makes Retik Finance unique.

Riding the Meme Coin Resurgence with Shiba Inu
While the last crypto winter hit meme coins hard, the enduring power of community allows projects like Shiba Inu to prevail. As the ecosystem grows with layer-2 scaling solutions, metaverse integrations, and games, the foundations become stronger. Popular meme coins can stage powerful comebacks just like past cycles when the next bull market arrives in full force. Despite losing significant value from its peak, Shiba Inu still ranks among the top 20 crypto assets. This staying power combined with ambitious development plans makes Shiba Inu a viable long-term play with 10X upside or more. The relatively affordable Shiba Inu price today could enable substantial holdings that tremendously multiply in value when the next hype cycle kicks into high gear.
Staking on Solana’s Meteoric Growth Trajectory
Solana continues to cement its status as one of the highest-potential layer-1 blockchains with compelling capabilities. It reached fifth place among the top market cap cryptos, displaying steady adoption and real-world usage growth. As developers launch dApps taking advantage of fast transactions and low fees, Solana’s future remains bright. Moreover, with staking capabilities allowing Solana holders to earn passive yield through securing the network, investing today pays dividends through the years ahead. The estimated 7.5% APY provides compounding effects that enhance long-run returns. This staking income will likely prove sizable should Solana reach ambitious price targets like $1000.
Combining Moonshot Potential for Optimal Gains
While uncertainty always exists around crypto price projections, allocating across several assets with moonshot prospects mitigates risk through diversification. Spreading an investment between Retik Finance, Shiba Inu and Solana pools together various value drivers fueling exponential cryptocurrency growth. Retik Finance brings innovative DeFi solutions towards widespread adoption. Shiba Inu harnesses the power of the community to disrupt the landscape. And Solana unlocks new blockchain performance levels to enable the next generation of applications. Together, they cover key crypto growth factors. By strategically distributing an initial $1000 investment into these three high-upside plays, the potential for this capital to multiply 100X into $100,000 by 2024 becomes attainable. Their varied narratives provide multiple opportunities through the years ahead to ride sudden spikes in valuation during the right market conditions.
Click Here To Take Part In Retik Finance Presale
Visit the links below for more information about Retik Finance (RETIK):

• Whitepaper: https://retik.com/retik-whitepaper.pdf
• Linktree: https://linktr.ee/retikfinance
• Website: https://retik.com

Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this article.