3 reasons why Solana (SOL) price could see additional upside in 2022
Steady ecosystem growth, institutional investment and a healthy derivatives market are strong signals that SOL will continue to be a top contender in 2022. Solana (SOL) has become a top contender in the smart contract industry and in the past year the network's total value locked (TVL) grew by $660 million and stretches across more than 40 decentralized applications to hit an all-time high above $11 billion.Even with this growth, investors have reason to question whether the current $56 billion market capitalization is justified and how it compares to competing networks like binance smart....
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SOL price is down 48% year-to-date and data shows that its decentralized apps use is fading out, but there are a few reasons to remain hopeful. 2022 has not been a good start for cryptocurrencies and to date, the total market capitalization has dropped by 21% to $1.77 trillion. Solana's (SOL) correction has been even more brutal, presenting a 48.5% correction year-to-date.Solana (blue) vs. Ether (orange), AVAX (purple), BNB (yellow). Source: TradingViewSolana leads the staking charts with $35 billion in value locked, which is equivalent to 74% of the SOL tokens in circulation. Multiple....
With the market turning increasingly bullish, Solana continues to demonstrate resilience and upside momentum, holding strongly above the $200 price mark. As SOL’s price gains traction, key indicators are beginning to signal the potential for further upward movement in the short and long term. An Impending Move For Solana To $275 And $300 Solana has […]
The Bitcoin price has risen above $35,000 for the first time since early May 2022, for which there are a number of reasons beyond mere speculation. These are the five most important reasons. #1 BlackRock’s Spot Bitcoin ETF Approval Looms Large The primary driver behind the surge seems to be the growing anticipation surrounding the […]
Solana started a fresh decline below the $150 zone. SOL price is now consolidating losses below $150 and might decline further below $142. SOL price started a fresh decline below $155 and $150 against the US Dollar. The price is now trading below $150 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $148 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could start a recovery wave if the bulls defend $142 or $140. Solana Price Dips Again Solana price failed to remain stable above $162 and started a fresh....
Quick Facts: 1️⃣ Solana has taken strong support from a major upward trendline after Friday’s massive liquidation, signaling a potential rebound. 2️⃣ According to ChatGPT’s Solana price prediction, a breakout above $250 could propel the token toward $575 – a stunning 200% upside. 3️⃣ Investors are backing Snorter Token ($SNORT) as the next 1000x crypto, […]