Ripple’s XRP is making headlines this week with a big development; the much-anticipated EVM sidechain has officially launched on mainnet. This upgrade allows Ethereum-compatible smart contracts to run on the XRP Ledger, opening the door for faster, cheaper decentralized apps, bridges, wallets, and more. It’s a big step for Ripple’s growing ecosystem, and naturally, traders are keeping a close eye on the price.
At the moment, XRP is hovering around $2.20 to $2.23, just under an important resistance zone. The price briefly pushed above $2.20 in the past 12 hours and is trying to hold above it. While the momentum isn’t strong yet, the charts suggest XRP could be setting up for a potential move.
If buyers manage to lift the price and hold it above $2.21, it might see a quick rally toward $2.25. The next target after that would be around $2.31 to $2.35. On the downside, XRP has decent support between $2.14 and $2.10, with a stronger support area near $1.95 if the market turns lower.
Breakout is Coming
Analyst Casi Trades says XRP’s breakout is happening, but one key thing is still needed. The price is pushing toward $2.30, and the next big moment is whether it can hold $2.25 as new support after a pullback. If this level holds, it confirms real strength in the move. Momentum indicators like RSI are still strong, showing no early signs of weakness.
If all goes well, the next targets are $2.69 and $3.04, with more upside possible after that. “Now, we’re watching for #XRP to revisit $2.25 and hold it cleanly. If it does, that’s the base for the move we’ve been waiting for. Breakout season is just getting started,” the analyst said.
The EVM sidechain launch adds value to Ripple’s long-term plans, but it hasn’t triggered a big rally yet.
A new report from Solidus Labs has revealed that 98.6% of tokens issued on Pump.fun, a popular token creation platform on Solana, are considered scams or involved in fraudulent trading.
Additionally, similar issues have been identified on Raydium, a major decentralized exchange (DEX) on Solana.
Report Reveals Massive Scam Rate on Pump.fun
Solidus Labs, a company specializing in blockchain risk monitoring, released a detailed report on the state of certain platforms on the Solana blockchain. According to the report, Pump.fun has issued over 7 million tokens since its launch in January 2024.
However, only 97,000 of these tokens have maintained a liquidity of at least $1,000, which is less than 1.4% of the total tokens.
Pump & Dump tokens on Pump.fun. Source: Solidus Labs
More alarmingly, 98.6% of tokens issued on the platform have been identified as scams or show signs of fraudulent trading. One of the largest scams uncovered by Solidus Labs involved MToken, resulting in losses of up to $1.9 million.
“good (in different ways): railgun, farcaster, polymarket, signal. bad (in different ways): pump.fun, Terra/Luna, FTX. The differences in what the app does stem from differences in beliefs in developers’ heads about what they are here to accomplish,” shared Buterin
93% of Liquidity Pools on Raydium Show Signs of “Soft Rug Pull”
About 25% of these scams involved amounts less than $732. However, the median rug pull involved about $2,832, while the largest detected rug pull totaled $1.9 million.
Though the amounts look relatively small compared to multi-million-dollar scams, the sheer number of affected pools shows the prevalence of this issue.
A common thread between the two platforms is that both are built on the Solana blockchain. Solana is known for its high transaction speeds, processing thousands of transactions per second, and low costs, averaging just $0.00025 per transaction. Because of its technical advantages, Solana has become a prime target for criminals and scammers.
Despite these challenges, Solana remains a promising blockchain with many legitimate and interesting projects. Platforms like Raydium are vital in Solana’s DeFi ecosystem, with monthly trading volumes reaching billions of dollars.
The crypto market continues to move sideways due to macroeconomic fears caused by the trade war between China and the US. However, the sentiment might shift if President Trump manages to make changes at the Federal Reserve in a bid to lower interest rates. This article looks into Trump’s potential pick for the next Fed Chair and the top altcoins to buy if the appointment ends up being a crypto-friendly one.
Altcoins to Buy If Trump Picks Kevin Warsh as Next Fed Chair
Speculation is rife that President Trump will replace Jerome Powell with a new Fed Chair. According to the Wall Street Journal, Trump will likely pick Kevin Warsh as the next chair, and given his crypto-friendly remarks in the past, traders are already seeking the best altcoins to buy.
The speculation about Warsh’s appointment is surging after Trump criticized Powell over his decision on interest rates. Trump accused the current Fed Chair of “playing politics” by failing to lower rates like other central banks had done.
Warsh may be a good pick for the crypto industry as he has made several crypto-friendly remarks in the past. In 2021, Warsh told CNBC that Bitcoin was an ideal investment plan. At the time, he said,
“I think that Bitcoin does make sense as part of a portfolio… I think of Bitcoin as a lot of things, but it’s certainly with every passing day, getting new life as an alternative currency.”
Additionally, Warsh is named as an advisor and investor to the Bitwise digital asset management firm. Bitwise is among the firms that offer spot crypto ETFs.
Considering these factors, if Trump picks Warsh as the next Fed Chair, it may trigger moves across the crypto market. Therefore, traders should seek the best altcoins to buy in case the market rallies.
3 Altcoins to Buy Now
The best altcoins to buy now amid growing speculation that President Trump could pick Warsh Warsh as the next Fed Chair are Ripple (XRP), Solana (SOL), and Cardano (ADA). These altcoins have a bullish technical outlook that may spark rallies.
Ripple (XRP)
Ripple (XRP) is one of the best altcoins to buy now. The altcoin is surrounded by catalysts like spot ETF approvals, possible integration with the Federal Reserve and SWIFT, which may support a bullish breakout.
Additionally, XRP price also has a strong technical outlook. This altcoin is attempting to break the upper trendline of a descending parallel channel. If it is successful in doing so, it may stir an uptrend. Additionally, the ADX line is dropping, which is an indication that the downtrend is weakening. This paves the way for a recovery.
XRP/USDT: 1-day Chart
Solana (SOL)
The other altcoin to buy now is Solana. According to one top analyst who shared a bullish Solana price forecast, the altcoin has formed a falling wedge pattern, whose bullish breakout will be confirmed if the altcoin can overcome resistance at the upper trendline. If Solana does this, it may spark a rally to $250.
Solana Price Chart
Besides the technical setup, Solana is also awaiting the approval of a spot SOL ETF in the US. If this product is approved under a pro-crypto Fed Chair, it may spark inflows, which will bode well for the price.
Cardano (ADA)
Lastly is Cardano (ADA), which also ranks among the top altcoins to buy. Popular analyst Ali Charts has shared a bullish Cardano price prediction, stating that the altcoin is on the verge of a 30% upside move if it breaks out of a symmetrical triangle pattern.
Cardano Price Chart
Cardano is also a US-made altcoin that will benefit greatly from having a crypto-friendly Treasury Secretary. The other bullish fundamental that may also spark a rally is the approval of a spot Cardano ETF.
Summary of Top Altcoins to Buy
President Trump is considering picking former Fed governor Kevin Warsh as the next Fed Chair. This appointment could spark volatility in the crypto market, and investors are looking for the top altcoins to buy to secure gains. These altcoins include Ripple, Solana, and Cardano, and they have a bullish technical outlook and positive catalysts that may spark a rally.
Pakistan is officially stepping into the world of digital finance. The government has just launched the Pakistan Digital Assets Authority (PDAA), a new body that will manage and regulate Bitcoin and other digital assets across the country.
This move comes at a time when Pakistan’s unofficial crypto market is estimated to be worth around $25 billion.
Pakistan Launches PDAA To Regulate Digital Assets
On Wednesday, Pakistan’s Ministry of Finance announced the official launch of the PDAA, a dedicated body to regulate all things related to digital assets. This includes Bitcoin, stablecoins, tokenized assets, wallets, and even decentralized finance (DeFi) tools.
According to the Ministry of Finance, the PDAA will help build a secure, investor-friendly environment and make Pakistan more attractive to global blockchain firms.
Meanwhile, Finance Minister Muhammad Aurangzeb said the PDAA is not just about regulation. It’s also about creating a strong, forward-thinking system that invites foreign investment, protects users, and encourages Web3 innovation.
What Will the PDAA Do?
Here are some key responsibilities the PDAA will take on:
Oversee Pakistan’s massive $25B crypto market
Promote Bitcoin mining using extra, unused energy
Allow the tokenization of government-owned assets and public debt
Provide legal ways for investors, both inside and outside Pakistan
Help grow Web3 startups and digital exports
Global Crypto Partnerships Underway
Another eye-catching move was Pakistan’s recent deal with World Liberty Financial (WLF), a crypto company backed by the Trump family. It recently signed a deal with World Liberty Financial (WLF), a crypto company linked to the Trump family.
The deal was made through the Pakistan Crypto Council, which also brought on Binance founder CZ as an adviser. These partnerships hint at Pakistan’s larger plan to become a serious player in the global crypto space.
New Financial Identity for Pakistan?
With this new framework, Pakistan joins countries like Singapore, Japan, and the UAE, which have already made space for blockchain innovation. The PDAA will operate under FATF-compliant rules to ensure international trust.
Experts believe this could be the beginning of a major shift. As Bilal Bin Saqib from the Pakistan Crypto Council said, “This isn’t just about crypto, it’s about reshaping the future of finance in Pakistan.”
If all goes as planned, Pakistan could soon be South Asia’s next big crypto destination.
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Pakistan is officially stepping into the world of digital finance. The government has just launched the Pakistan Digital Assets Authority (PDAA), a new body that will manage and regulate Bitcoin and other digital assets across the country. This move comes at a time when Pakistan’s unofficial crypto market is estimated to be worth around $25 …
