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#ethereum #ethereum price #eth #solana #sol #eth price #solana price #sol price #solusd #solusdt #ethusd #ethusdt #ethereum news #solana news #eth news #sol news

Following the Solana 1,000% run-up in 2023 and its re-entry into the crypto top 10 by market cap, it has been pitched against Ethereum once again. This was further propelled by the fact that Solana saw its blockchain activity surpass Ethereum’s, and even bringing in more revenue at a time. However, one place where Ethereum […]

#solana #dogecoin #meme coins #wif #dogwifhat #popcat #wifusdt

Meme coins are bouncing higher, looking at CoinMarketCap data as of September 27. Dogecoin, the world’s largest meme coin by market cap, is up 16% over the last trading week. Shiba Inu and Pepe rallied in the same period, adding 37% and 27%, respectively. The expansion of meme coin prices has also been a boom to DogWifHat (WIF). Solana’s largest meme coin by market cap is up 14% on the last day, pushing weekly gains to over 31%. At the current valuation, WIF is the fourth most valuable coin, trailing Dogecoin, Shiba Inu, and Pepe. DogWifHat Whale Accumulating, Meme Coin Soaring Lookonchain data reveals that a meme coin whale accumulates as WIF prices tick higher. Tracking the address’ movements, the largest WIF holder, data shows, appears to be steadily accumulating.   Related Reading: Stacks: New Network Upgrades Push STX Price Up By 18% – Details By buying as prices begin to recover from their August and September lows, the move is an endorsement of the meme coin’s potential in the coming months. On September 26, the whale borrowed 2 million USDC and bought 894,854 WIF at $2.24. Adding to his stash, the address now controls over 32 million WIF. This holding, Lookonchain analysts estimate, pushes the whale’s profits to over $86 million. However, the whale’s borrowing of USDC and purchase of WIF is not the first time. Mid this week, the same address borrowed 4.5 million USDC from Kamino and bought 2.55M WIF at $1.76. Looking at this trend, it is evident that the whale expects prices to continue printing higher highs. The daily chart shows that the meme coin is picking up steam. After sinking to March 2024 lows, the meme coin has recovered, doubling to spot rates. If WIF prices soar above $2.8 and July highs, there could be more room for growth. Ultimately, the medium-term target would be $4.8, a level last printed in March. However, for this to happen, WIF prices must more than double from spot rates. Will WIF Follow Popcat And Register Fresh Highs? The likelihood of WIF printing new all-time highs in the coming weeks or months cannot be discounted. Popcat, another meme coin on Solana, recently broke higher, registering new all-time highs above $1. At spot rates, the token is up nearly 120% in Q3 2024, attracting interest from whales. Related Reading: Ethereum: Analyst Sets $2,820 As ETH’s Next Key Level to Watch, Here’s Why After exiting for a loss, losing $611,000, Lookonchain data shows that the whale re-entered the Popcat market, spending $1.29 million worth of SOL to buy 1.3 million POPCAT at around $1. From the daily chart, a close above $1 will be crucial in sustaining the upside momentum. Feature image from iStock, chart from TradingView

#ethereum #defi #solana #base #cryptocurrency #arbitrum #cefi #crypto hack #btcusdt #crypto news #binance chain #crypto fraud #bingx #wazirx

Crypto hack and fraud-related losses decreased in Q3 2024, though Ethereum (ETH) remained the most targeted smart contract platform, according to a report by Immunefi. Losses Primarily Due To Centralized Exchange Hacks Immunefi has released its 2024 Q3 report, detailing the specifics of cryptocurrency-related hacks and losses during the quarter. The report notes two major […]

#solana #memecoin #sol #crypto market #solana memecoin #wif #popcat #cryptocurrency market news #crypto analyst #crypto trader #cat memecoin #popcatusdt #crypto whale #cat-themed token #cat-themed memecoin

Popcat, the latest Solana-based memecoin sensation, has crowned itself as one of the best-performing cryptocurrencies in the market. The memecoin has stolen the spotlight following its 117% surge throughout Q3, outperforming other well-established tokens in the sector. The feline sensation has now consolidated as the first cat-themed memecoin to hit a $1 billion market capitalization, leading the market’s bullish run alongside tokens like Sei (SEI) and Worldcoin (WLD). Related Reading: Bitcoin (BTC) On Track For ‘Strongest September Performance’, Is $90,000 Next? POPCAT Hits $1 Billion Market Cap Status Memecoins became the leading sector during this cycle, with many tokens outperforming most altcoins over the last few months. At the front of the frenzy, dog-themed tokens like dogwifhat (WIF) stole the spotlight during Q1 and Q2. However, a feline rival is challenging its spot as Solana’s best-performing memecoin. Investors and market watchers have praised the cat-themed sensation’s performance over the past few months. Throughout Q3’s violent market retraces, POPCAT showed a remarkable performance, becoming the largest gainer among the top 100 cryptocurrencies several times. The memecoin’s price quickly bounced from its 55% pullbacks during the market crashes, recovering and surpassing its previous level each time. POPCAT’s price has seen a 117% surge in the past three months, driving its price from the $0.68 mark to a new all-time high (ATH). In the late hours of Tuesday, the cryptocurrency broke above the $0.97 resistance level set by its previous ATH. The memecoin continued its 21% jump towards the $1.08 level, its new ATH, before retracing to the $1.01-$1.02 price range. The surge propelled POPCAT’s market capitalization to the $1 billion mark, cementing its status as the leading cat-themed token and making it the first memecoin in this sector to achieve it. Following its remarkable rise, the token registers a 57.8% and 40.2% surge in the weekly and monthly timeframes. Its daily market activity also saw an 82% jump to a trading daily volume of $133.3 million in the last 24 hours. Investors See Further Price Potential Some crypto whales loaded their bags as POPCAT broke the $1 barrier. On Wednesday morning, on-chain data analytics firm Lookonchain revealed that a crypto investor recently repurchased the cat-themed sensation, suggesting that some investors feel positive about the token’s future performance. Per the post, the whale spent 8,644 SOL, worth around $1.29 million, to buy 1.3 million POPCAT over the past two days. The address bought 456,000 tokens on Monday before acquiring another 843,000 POPCAT when the memecoin hit $1. This whale had previously sold its POPCAT holding at a 45% loss over two months ago. The investor saw $611,000 in losses from selling its 1.69 million tokens. However, before the long-awaited surge to $1, crypto investor Trade4ddict noted that the POPCAT’s consolidation under the key resistance level was a strong sign for its potential bull continuation. Related Reading: Cardano (ADA) Reclaims Top 10 Crypto Spot, Analysts Set New Targets The trader considers that after “blowing off” the $1 resistance, the memecoin has “good chances” of pumping toward the $2 target. He also suggested that the previous high at $0.8 should offer some support before a potential correction. As of this writing, the memecoin continues to hold the $1 support level, exchanging hands for $1.01. Featured Image from Unsplash.com, Chart from TradingView.com

#solana #solana technical analysis #solana price #solusdt #solana news #solana ( sol) #sol price analysis #solana bullish #solana breakout

Solana (SOL) is now trading at a critical juncture following last week’s market surge. The token has climbed over 20% from its recent local lows, now testing a crucial supply level around $150.  Related Reading: XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally – Key Levels To Watch This resistance zone has drawn the attention of analysts and investors, with many believing Solana is on the verge of a rally to higher price levels. Among those who are bullish on SOL is prominent analyst Carl Runefelt, who recently shared a detailed analysis, predicting that Solana could reach new highs within days if the current momentum continues. As the broader market continues to gain strength, investors are eagerly awaiting Solana’s next move. A successful breakout above $150 could signal a confirmed uptrend, paving the way for a potential rally. However, the coming days will be pivotal for SOL as it approaches this key level, with the market closely watching whether it will reclaim higher ground or face renewed resistance. Solana Bullish Pattern About To Break  Solana (SOL) is currently testing crucial supply levels that could pave the way for a significant rally to higher prices. After days of consolidation, the altcoin looks ready to break out and confirm a daily uptrend. Many analysts and investors are closely watching for the next move. This potential shift comes as the entire crypto market has turned from fear to optimism, spurred by the Federal Reserve’s recent decision to cut interest rates, which has breathed new life into the market. Analyst Carl Runefelt, one of the prominent voices in the crypto space, has shared his technical analysis on X, revealing that Solana has formed a symmetrical pattern. According to Runefelt, if SOL breaks out of this pattern, it could trigger a substantial upward move, with price targets around $160. The symmetrical triangle, a key technical formation, typically signals a strong price movement after a prolonged period of consolidation. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH – Price Targets Revealed As Solana hovers near this critical level, the market eagerly awaits confirmation of a breakout. Investors expect a move above $150, confirming the uptrend and likely leading to higher price levels in the coming weeks. For now, all eyes remain on Solana’s ability to break through this resistance and potentially rally to new heights. SOL Technical Analysis: Price Levels To Watch Solana (SOL) is currently trading at $150 after testing the daily 200 moving average (MA) at $154 as resistance. This key technical level has kept the price in check, and SOL is now entering a consolidation phase. Investors are optimistic, and rising demand could soon trigger a breakout from this consolidation. To keep momentum, SOL must reclaim the 1D 200 MA and target new highs beyond $164. This price has worked as a crucial resistance; if broken, it would confirm the continuation of a daily uptrend. A successful breakout at this level could push SOL toward even higher prices, potentially setting the stage for a run to challenge its all-time highs. Related Reading: SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion However, failure to break above the daily 200 MA could signal a shift in sentiment. In this case, SOL could retrace to key support levels, with potential targets around $140 or even lower. This would indicate a short-term correction before another attempt at reclaiming higher price levels. Investors are closely watching SOL’s next moves to determine the coin’s near-term direction. Featured image from Dall-E, chart from TradingView

#ethereum #markets #solana

Solana's potential rise to 50% of Ethereum's market value could significantly alter the competitive dynamics within the cryptocurrency market.
The post Solana could hit 50% of Ethereum’s market value, predicts VanEck appeared first on Crypto Briefing.

#solana #meme coins #sol #raydium #solusdt #meme coin trading #moodeng

Some top coins of Solana, Bitcoin, and even Ethereum are edging higher. However, while holders are barely up double digits over the past week, a meme coin trader on Solana is swimming in profits at spot rates. MooDeng Trader Turns $800 To $1.3 Million According to Arkham, a blockchain intelligence platform, the trader, who got in early, scooping $800 worth of MooDeng, a meme coin in Solana, has seen the investment swell to over $1.3 million roughly two weeks after buying.   Related Reading: Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up The address, also the largest holder of the MoonDeng meme coin, had already seen the initial investment soar by over 500X by September 17, rising to nearly $400,000. However, a week later, that same investment is up, rising to $1.3 million on September 24. A glance at MooDeng’s price action shows that the token is inching higher. Notably, this superb performance coincides with a sharp change in fundamental factors following the interest cut by the United States Federal Reserve. Following the 50 basis point reduction, Ethereum, Solana, and Bitcoin have been firm, shaking off weakness. Specifically, the revival of Solana prices from September lows has been a reprieve for some of its ecosystem tokens, especially meme coins. Solana Meme Coin Ecosystem Recovering Over the last week, Solana has added nearly 11%, according to Coingecko data. The expansion has also seen the total market cap of Solana meme coins rise to $7.2 billion, adding 8% in the past 24 hours. Out of this, DogWifHat (WIF) is the largest meme coin on Solana, commanding a market cap of over $1.8 billion. However, the only other meme coin on this network with a market cap exceeding $1 billion is Bonk, at $1.2 billion. Related Reading: Bitcoin (BTC) On Track For ‘Strongest September Performance’, Is $90,000 Next? Interestingly, scanning through the top 50 meme coins on Solana, MooDeng, despite its performance, doesn’t feature. Currently, looking at Coingecko, MooDeng is up 48% over the last day, attracting a 24-hour trading volume of over $29.4 million. Gecko Terminal data shows over 9,800 holders, and each token is changing hands at around $0.06, translating to over $63 million in market cap. Even with the uptick in trading volume and prices, MooDeng is mostly traded on Raydium, a DEX on Solana. Feature image from DALLE, chart from TradingView

#federal reserve #solana #cardano #technical analysis #bitcoin etf #ada price #usd #crypto whales

Cardano founder's upcoming meeting with the Argentine president Javier Milei is one of the main bullish factors for ADA this week.

#federal reserve #solana #cardano #technical analysis #bitcoin etf #ada price #usd #crypto whales

Cardano founder's upcoming meeting with the Argentine president Javier Milei is one of the main bullish factors for ADA this week.

#solana #ripple #cardano #xrp #sol #ada #altcoins #xrp price #ada price #solana price #sol price #ripple news #xrp news #ada news #adausd #adausdt #cardano news #cardano price #solusd #solusdt #xrpusd #xrpusdt #solana news #sol news

The latest weekly digital asset fund flows from CoinShares shed light on the ongoing dynamics among institutional investors when investing in altcoins such as XRP, Solana, and Cardano. Most of the inflow activity went into Bitcoin, but the report also highlights a diverse set of trends among altcoins to show preferences and strategies investors are […]

#solana #technical analysis #sol #solusd #solusdt #solbtc

Solana is holding the $140 support zone. SOL price is rising and might aim for a fresh increase above the $152 resistance zone. SOL price started a fresh increase from the $142 zone against the US Dollar. The price is now trading near $1465 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $152 resistance zone. Solana Price Eyes Fresh Surge Solana price extended its increase above the $142 resistance like Bitcoin and Ethereum. SOL even spiked above $150 before the bears appeared. A high was formed at $152 and the price started a downside correction. There was a move below the $148 and $145 levels. The price dipped below the 23.6% Fib retracement level of the upward move from the $127 swing low to the $152 high. However, the bulls were active near the $142 support zone. The price is stable above the 50% Fib retracement level of the upward move from the $127 swing low to the $152 high. Solana is now trading near $146 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $148 level. There is also a connecting bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair. The next major resistance is near the $152 level. A successful close above the $150 and $152 resistance levels could set the pace for another steady increase. The next key resistance is near $164. Any more gains might send the price toward the $172 level. Another Decline in SOL? If SOL fails to rise above the $148 resistance, it could start another decline. Initial support on the downside is near the $144 level. The first major support is near the $142 level. A break below the $142 level might send the price toward the $134 zone. If there is a close below the $134 support, the price could decline toward the $128 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $142 and $134. Major Resistance Levels – $148 and $152.

#ethereum #layer 2 #blockchain #eth #solana #stablecoin #paypal #sol #altcoin #crypto news #ethusdt #pyusd

Ethereum (ETH) is not the best solution for payments, according to PayPal’s Vice President of Blockchain, Crypto, and Digital Currencies (BCDC) unit, Jose Fernandez da Ponte. Ethereum Falls Short For Payment Purposes Speaking at the Solana Breakpoint 2024 conference, Ponte brought attention to Ethereum’s inability to handle a high volume of transactions as a key […]

#solana #meme coins #sol #meme coin #solana price #sol price #solusd #solusdt #meme coin news #solana meme coin #solana news #meme coins news #sol news #solana meme coins

Following the success of multiple tokens launched on the blockchain in 2023, Solana meme coins have become a major staple of the crypto investing community. With the likes of Dogwifhat, BONK, and POPCAT recording major gains for investors, it has led to the hunt for other tokens that could replicate the same success. So, here […]

#solana #sol #altcoin #solana price

SOL price bounced off the $120 support multiple times since April, leading traders to believe that the current market recovery will lead to an explosive rally.

#ethereum #markets #bitcoin #solana #ripple #cardano #dogecoin #price analysis #bnb #shiba inu #toncoin #avalanche

Bitcoin faced selling near $64,000, but buyers have managed to keep the price above the short-term holder realized price near $62,000, which is a positive sign.

#ethereum #markets #bitcoin #solana #ripple #cardano #dogecoin #price analysis #bnb #shiba inu #toncoin #avalanche

Bitcoin faced selling near $64,000, but buyers have managed to keep the price above the short-term holder realized price near $62,000, which is a positive sign.

#defi #crypto #solana #sol price #solana ecosystem #solana defi #solana blockchain #crypto news #solusd #solusdt #solana news #drift #sol price performance

As the cryptocurrency landscape continues to evolve with numerous layer-1 and layer-2 blockchains, the decentralized finance (DeFi) platform Drift is making significant advancements on the Solana (SOL) blockchain.  Recently, Drift announced a successful $25 million Series B funding round led by crypto venture firm, Multicoin Capital. This funding will help propel Drift’s vision of becoming […]

#solana #sol #altcoins #crypto market #solusdt #crypto market recovery #crypto analyst #crypto trader #solana ( sol) #crypto market crash #fed rate cut #solana bullish

Solana (SOL) joined the recent crypto market pump after climbing 10% on Thursday. SOL’s price broke above a key resistance level, reigniting the bullish sentiment among investors and traders who believe the cryptocurrency is soon poised to reclaim higher targets. Related Reading: October To Remember: Descending Broadening Wedge Says Bitcoin Is Going To $90,000 Solana Breaks Above Key Resistance Level Following the highly anticipated US Federal Reserve (Fed) rate cuts, the crypto market rebounded 5% in the last 24 hours. Most cryptocurrencies have registered green numbers in the past day, recovering from their performance in the past few weeks. Solana, the fifth-largest cryptocurrency by market capitalization, regained momentum on Thursday after reclaiming a key level. The token had failed to break about the $140 resistance level throughout September, consolidating between the $130-$139 price range in the last few weeks. SOL had registered a 7% weekly drop by Wednesday, which alarmed many investors and market watchers. Some crypto analysts considered the token’s recent performance hinted at a possible correction that could drive the token’s price to a yearly low. Seasoned trader Peter Brandt suggested that the cryptocurrency could face a significant correction to the $80 support zone if it unsuccessfully continued retesting this resistance level. Nonetheless, SOL’s price recovered from its disappointing performance, jumping over 10% in the last 24 hours. The cryptocurrency moved past the $140 mark on Thursday morning, breaking out of a two-month downtrend. The price surge represented a 5.4% and 8.3% increase in the weekly and biweekly timeframes. Additionally, its daily market activity soared 81.3% in the past day, with a daily trading volume of $3.76 billion. Experts Set Next Targets For SOL Some analysts highlighted Solana’s performance, suggesting that the cryptocurrency is ready to aim for higher targets. Crypto analyst Jelle stated that, in the higher timeframes, Solana has performed considerably better than most altcoins. Other market watchers previously noted Solana’s strength since Q3 started. During the market retraces, the cryptocurrency was deemed “one of the strongest assets” after moving sideways while other tokens made new lows. Jelle highlighted that SOL’s price still held “all key support levels even though most altcoins are down >50% from the highs.” Effectively, Solana has remained above the $120 support zone since March, currently being 31% down from March’s highs. Related Reading: Will Bitcoin Bullish Swing Continue? Top Analyst Says Yes Similarly, crypto analyst Yuriy considers SOL’s recent performance has set the stage for a breakout above the $150 resistance level. However, he warned that bulls must hold the $138 mark, as failing to maintain this support could lead to a correction to the $120 level. The analyst believes a successful breakout will send SOL’s price to the $160 resistance zone next, potentially moving toward the $180-200 targets. As of this writing, SOL is trading at $143.3, a 12.2% increase in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

#finance #ethereum #news #solana #stablecoin #société générale #euro

Stablecoins are becoming systemically important to the global financial economy, Bernstein wrote in a recent report.

#ethereum #solana #sui #sui network #sui price #sui crypto #alt l1s #sui tokenomics

Sui’s technical capabilities and the upcoming release of a native gaming console could see the network eventually rival Solana, but tokenomics pose a looming threat.

#ethereum #tether #usdt #solana #tron #stablecoins #trx #crypto news #trxusdt

According to one analyst, Tron, a popular smart contracts platform and a stiff competitor of Ethereum, could be one of the most important layer-1s. Based on his assessment, the platform now serves more as a transactional layer, similar to Bitcoin. Tron Leads In P2P Stablecoin Transfers While the network was first known for hosting gaming […]

#scams #solana #social media #x #hackers #scammers #memecoins

The scammers breached countless X accounts to shill the memecoin, but they didn’t even make enough to buy a Toyota Corolla.

#markets #news #solana #solana foundation

Called Seeker, the upcoming handheld will be a major hardware improvement over Solana's first mobile phone, with better battery, a stronger camera and a lighter design than the Saga

#markets #solana #dex #uniswap #bnb #tvl #staking #venus #dapps #fees #stake #volumes #layer2 #deposits

ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.

#markets #solana #dex #uniswap #bnb #tvl #staking #venus #dapps #fees #stake #volumes #layer2 #deposits

ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.

#cryptocurrencies #solana #xrp #ether price #sol #vc #sol price #berachain #token 2049 #bera #vance spencer

Berachain was among the most hyped crypto projects at Token 2049, as investors are awaiting its mainnet launch before the end of 2024.

#bitcoin #eth #solana #ether #sol #market analysis #solana price #eth/btc #solana correction #solana price against bitcoin

Solana needs to hold above the crucial $120 support to avoid a potential correction below $100, according to market analysts.

#solana #cardano #ada #ada price #ada news #adausdt #cardano news #cardano (ada) #ada price analysis #cardano blockchain

In a recent social media post, Charles Hoskinson, the founder of the Cardano blockchain, has reignited discussions within the crypto community by asserting that an upcoming upgrade will enable Cardano to surpass Solana in transaction speed.  His statement comes in response to a community poll debating budget allocations for two competing proposals, revealing his strategic […]

#solana #meme coins #sol #wif #dogwifhat #wif price #solusdt #wifusdt

Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins’ total market cap is around $42 billion. Dogecoin remains the most valuable, with a market cap of over $15.4 billion, followed by Shiba Inu, which has a market cap of around $8 billion. It has been a turbulent few trading months for meme coins, whose valuation is down from over $65 billion in Q2 204. WIF Struggling, Is This The “Most Bearish Meme Coin”? Though Bitcoin is turning the corner, a development that can yank top altcoins like Solana and meme coins higher, one analyst is bearish on DogWifHat (WIF). According to Coingecko, WIF is one of the top meme coins on Solana, commanding a market cap of over $1.5 billion and a slot in the top 5.   Related Reading: POPCAT Jumps 20% As Whales Load Their Bags, Is A ‘Cat Season’ Ahead? While WIF might be up over 98,000% after dropping to all-time lows of $0.00155 in December 2023, the token is down 68% from recent all-time highs. WIF prices exploded, riding on Solana expansion and the meme coin fever that swept across the industry in the first half of the year. The analyst now thinks WIF will likely dump in the coming sessions. Driving this outlook is the state of the chart pattern, which points to weakness all through. From how the WIFUSDT chart is aligned, the token, the analyst claims, could be the “most bearish of all major meme coins.” Bulls Have A Chance If Bitcoin Recovers, DogWifHat Finds Resistance At $2 While there is optimism that WIF could bounce and benefit from the market-wide recovery, the current bearish structure damps optimism. From the analyst’s assessment, buying the meme coin at spot prices is risky. The only time traders can consider loading WIF is once it breaks out from the descending wedge, as is evident in the daily chart. Related Reading: Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory In summary, WIF is down nearly 50% from July highs. Although prices recovered after the bounce in early August, buyers didn’t build sufficient momentum to reverse losses. The immediate resistance is $1.99, while support is $1.30. For the uptrend to take shape, WIF bulls must break above $2, ideally with rising trading volume. In turn, this may set the momentum for another leg up that could see the token expand to as high as $3–or July highs in a bull bar continuation formation. Feature image from iStock, chart from TradingView

#bitcoin #crypto #solana #sol #altcoins #cryptocurrency market news

Forecasts concerning the possible Solana (SOL) price explosion abound among market analysts; many eyes are focused on how the performance of Bitcoin will determine the direction of the crypto market, including SOL. Related Reading: Bitcoin To Hit $100K? Investors Believe US Election Won’t Affect Its Rise The House of Crypto, a crypto analyst, has presented a bold prediction linking Solana’s spectacular rally to the expected climb of Bitcoin. Based on his examination, Solana would experience an amazing climb to $920,000 from its present value if Bitcoin soars to $175,000 by 2025, a 685% increase. Solana has a little recovery phase in the near future, trading at 14.62% below its expected value for the next month. Though right now the market appears slow, there is hope for stabilization. With little variation, a sideways trend is predicted for the following seven days. The price forecast for the altcoin, however, points to small gains ahead—a 2.52% rise over the next three months and a notable 116% increase in six months, according to data from CoinCheckup. Though there are short-term difficulties, the road ahead still seems bright. This Time next year… My price predictions of top 26 Trending coins. Am I right? $bitcoin – $175,000 $toncoin – $64$solana – $920$dog – $0.13$icp – $150 $ethereum – $8400$Kaspa – $1.60$xrp – $6.20$pepe – $0.0000258551 $chainlink – $110$sundog – $5$brett – $1.5$tron -… — The House Of Crypto (@HouseOfCrypto3) August 26, 2024 A Bitcoin Price Rally Might Lift Solana To Unprecedented Levels By August 2025, The House of Crypto projects Bitcoin rising to a staggering $175,000—a increase of more than 300% from its present price. Should that occur, Bitcoin’s market capitalization would soar to $3.4 trillion, therefore confirming its supremacy at 57% of the total market. This kind of increase would cause knock-on consequences, drawing up other assets including Solana. Should Bitcoin reach such milestone, Solana should follow with a significant surge to $920. Solana’s market size would be shockingly $432 billion if this rise occurred, significantly higher than Ethereum’s present market worth. Solana is among the top competitors in the crypto field for the upcoming bull market according to this forecast. Although these forecasts are bold, the crypto sector has a track record of showing considerable growth. Solana had an amazing 650% rise in the last year alone; Bitcoin climbed by 125%. This historical background gives some support for Solana’s prediction of exponential price ascent in the next few years. Source: CoinCheckup Related Reading: AAVE Excites Investors With 20% Gain As Developments Roll Out Long-Term Optimism Despite Short-Term Challenges For the short term, the price forecast of Solana remains conservative. Presently, the coin is trading below predictions, and market sentiment is bearish. However, for a prediction going forward, Solana is bound to see an increased growth. In the mid-term forecast, it is estimated to grow about 116.32% in six months, while in a year’s time, the coin is expected to surge by about 50.42%. Solana might have some difficulties, but overall the future is promising especially if Bitcoin sets off a bull run. Although the possibility for large profits connected to the rise in Bitcoin gives investors hope, the erratic crypto market calls for prudence even then. Featured image from Unsplash, chart from TradingView