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What is SAROS Crypto? SAROS Dominates, AKT & ZEC Bounce

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#SAROS #Crypto #SAROS #Dominates #AKT #ZEC #Bounce

Saros (SAROS) surged ahead today in the altcoin space. It outpaced Akash Network (AKT) and Zcash (ZEC) as traders moved into higher-beta assets.

On Monday, Oct. 27, the Solana-based token surged by roughly +35% in the past 24 hours to approximately $0.107, leading the broader market bounce. 

(Source: Coingecko)

AKT rose about +34 % to around $0.863, and ZEC climbed roughly +24% to near $347.

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What is SAROS, and How Is the $10 Million Liquidity Grant Program Boosting SAROS Activity?

Saros is a Solana-native “super app” that bundles key functions, including a DEX/liquidity stack, a non-custodial wallet, an ID layer (SarosID), and NFT tooling. That positions its token at the center of trading and payments within its ecosystem.

Recent momentum followed Saros’s launch of a $10M Liquidity Grant Program on Oct. 24. The initiative pairs partner tokens with SAROS to build stronger liquidity pools for new listings.

“This approach creates deep, high-efficiency liquidity pools at zero cost for our partners,” CEO Lynn Nguyen said in the announcement.

Akash Network’s AKT token also jumped more than 30% during the day as the community looked ahead to the “Mainnet 14” upgrade, scheduled for Oct. 27 pending a governance vote. 

Project updates said the upgrade would help the network “pay down debt and move with greater discipline,” echoing language shared by the team and founder Greg Osuri in recent posts.

Zcash (ZEC) extended its October rally with a sharp 24-hour jump into the mid-$300s. 

Futures activity has also increased, with open interest rising by more than 20% in a single day late last week, a sign that traders are returning to the privacy-coin trade. 

Arthur Hayes, a co-founder of BitMEX, went as far as to make a provocative prediction of ZEC at $10,000, but some commentators warn that the market was becoming overheated.

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SAROS Price Prediction: Can SAROS Recover Above The $0.155 Resistance Level?

Saros (SAROS) price is under selling pressure. The 4-hour SAROS/USDT chart from TradingView shows that the price has steadily fallen after being above $0.30, reaching almost $0.10. 

(Source: SARO USDT, TradingView)

The token is placed much below its 50 and 100-day exponential moving averages, which are approximately $0.1545 and $0.1968. Such an arrangement is an indication of continued bearish control, and there are no indications yet that the same will be reversed.

Latest candles indicate that a brief relief rally followed after a severe sell-off on October 25 when the large volume of trading pushed the prices to new lows. 

The drop spurt in activity indicates panic selling and a short-term buying spurt or a technical recovery.

With this bounce, the overall trend remains bearish, as the 50-day EMA serves as a strong resistance level that SAROS has yet to recover from. Buyers might lose momentum unless the price can close above $0.155 with strong volume. 

Any further drop will be an invitation to further market downfall, and any continuation of trading above $0.12 may be an indicator of early stasis.

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jrmiller

Jonathan R. Miller is a junior writer based in Columbus, Ohio, with a growing focus on blockchain technology, digital assets, and fintech innovation. With a background in economics and communications, Jonathan began covering cryptocurrency in 2022 through freelance research projects…
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