Crypto Market Summary: Dramatic Mantra Plunge, Bitcoin Forecast Shifts & Virtual Ecosystem Recovery

The cryptocurrency market experienced significant volatility and shifts in focus this week. Key events included a dramatic 90% drop for Mantra [OM], with founder Jack Mullin denying accusations of a ‘rug-pull’. Meanwhile, Bitcoin’s future remains uncertain, with predictions ranging from a potential $76K dip to bullish forecasts. Coinbase analysts maintain a more optimistic outlook, citing bullish RSI divergence and renewed long-term holder interest as potential drivers for continued growth. 90% drops were also observed in the Virtual ecosystem, but analytics firms point towards recovery, particularly regarding AI token activity. Last week saw record SOL/ETH ratio sessions close, with SOL outperforming ETH by a significant margin. Kyle Samani of MultiCoin Capital suggests that approval of a SOL ETF could trigger a massive surge in its value.