Solana

Bitcoin

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/press-release/solana-pumps-crypto-prices-continue-to-rise-3-best-coins-to-buy/">Solana Pumps to $30 as Crypto Prices Continue to Rise; 3 Best Coins to Buy Now</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Amidst bullish crypto market sentiment and prices continuing to climb, Solana is the coin on many investors’ lips as it touched $30 for the first time since November 2022.
Meanwhile, several new cryptos including the likes of Bitcoin Minetrix also look bullish.
<h2 class="wp-block-heading" id="h-solana-races-ahead-amid-bullish-community-sentiment">Solana Races Ahead Amid Bullish Community Sentiment</h2>
After enduring significant sell pressure throughout the bear market, popular layer one blockchain project Solana has begun to see massive bullish momentum, faring as the best-performing crypto out of the top 40 coins by market cap this week.
It started Sunday, 15 October priced at $21.9, and has enjoyed continued upside movement, pumping 33% this week and 4% in the last day, currently priced at $29.2.
SOL briefly touched $30 earlier today but has since pulled back. Nevertheless, this is a monumental achievement, with the last time it touched this price being in November 2022 when FTX collapsed.
The Solana price chart below shows that its last daily candle closed above its highest previous close, creating a higher high and signifying the price is now in an uptrend.
<img src="https://lh7-us.googleusercontent.com/gXfYCUZGAepvQVrpEGiT9T5JaP2WpA6qwMBwSnmqPFxQH7POqpug9S73E0DaerY94fFpf5PZrAkPxp7mfZjqEAopcqdMhytx_BslRFUwR85C05CJSt3KbnDlbLtBx5Kxl6UhTfvqqbWpgjIjQpFaU6w" width="624" height="256">
Moreover, <a href="https://app.santiment.net/charts/ieKwm5v-__sCl" target="_blank" rel="noopener noreferrer nofollow">data from Santiment</a> shows that Solana’s social dominance has recently spiked, illustrating the community’s growing excitement.
<img src="https://lh7-us.googleusercontent.com/IwOSF6hyW0yJ5hMkBD1vXFB-riUM6cEofWOBD3dgLdeS7G7-_UydVBajik-oBkDVOsrbMCV2Lv_hUv9CbG6eA1KqVmIhR7bvISofpF9CaTotwqcit1hytoOrEHEqeHcvu92iKXx2gTKdLc6uIzR8XnQ" width="624" height="304">
Lastly, <a href="https://defillama.com/chain/Solana?stables=false&amp;developers=false&amp;devsCommits=false&amp;volume=true" target="_blank" rel="noopener noreferrer nofollow">DeFiLlama data shows</a> Solana’s total value locked (TVL) is climbing, while its trading volume has also pumped recently.&nbsp;
Growing trading volume on an uptrend is considered bullish since it shows growing interest despite a higher price.
<img src="https://lh7-us.googleusercontent.com/zxjbwbOPS2SUDLPZ2FD-1m-b5q_2XsFWnvWW1f9cypW-Zhu7YehP3008KGuaydffDHGl9zQxYrDlO1UXDIpMZMXogohRd2GiiEH-gwA0y3V63SXsASjDhmuR52b1cHo45V_qrcySKOmxUcN3PwNjYG0" width="624" height="229">
Popular Solana community member <a href="https://twitter.com/0xGumshoe/status/1715675714207227918" target="_blank" rel="noopener noreferrer nofollow">0xGumshoe</a> recently put out a tweet commentating on Solana’s current situation. According to the analysis, “Solana is 10x better at $28 than it was at $250.”
Meanwhile, economist and investment strategist <a href="https://twitter.com/RaoulGMI/status/1715323214224593076" target="_blank" rel="noopener noreferrer nofollow">Raoul Pal</a> recently stated he has been “ extremely bullish all year” on Solana.
A recent chart analysis Pal posted on X noted that Solana has broken out against ETH and BTC and is looking to break a macro downtrend against the U.S. Dollar.
Since publishing the tweet on 20 October, Solana has broken above the SOLUSD trendline that began in November 2022.
Yet other investors remain more skeptical. In response to 0xGumshoe’s tweet, <a href="https://x.com/0x_Kun/status/1715917084222484650?s=20" target="_blank" rel="noopener noreferrer nofollow">one X user noted </a>that Solana will not have the same buying pressure in the next bull run since its price was heavily supported by FTX last time.
Regardless, Solana’s remains overarchingly bullish. That said, it continues to hold a negative reputation among some crypto investors due to its substantial downfall in the last bull run and its countless network outages.&nbsp;
While its situation is improving, several other projects with equally bullish momentum do not carry Solana’s tarnished past. These projects could prove lucrative investments as the market pumps.
<h2 class="wp-block-heading" id="h-what-are-the-best-tokens-to-buy-now">What are the Best Tokens to Buy Now?</h2>
While Solana and other major tokens continue to see price growth, several new coins are also making waves due to their high potential.
<h2 class="wp-block-heading" id="h-bitcoin-minetrix">Bitcoin Minetrix&nbsp;</h2>
<a href="https://coinpedia.care/b_btcmtx_43644?referrer=solana-pumps-near-$30-as-crypto-prices-continue-to-rise-3-best-coins-to-buy-on-the-pump" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Minetrix</a> is a new Ethereum-based platform enabling users to mine Bitcoin by staking $BTCMTX tokens. The process is effortless, with users only requiring a MetaMask (or other Ethereum-compatible) wallet. There are no upfront costs or hardware required.
Historically, mining was reserved for tech-wiz kids and deep-pocketed businesses, but Bitcoin Minetrix empowers anyone to start.&nbsp;
<img src="https://lh7-us.googleusercontent.com/e5Dv4tARmPvpLv9R6mMAQ6fCpjP-HnM2LFI5VO7Sx8PfqSohQpHIZv7ESVo3Oao0stdAgxfynKR71jh6bsDBYrp8avhtqGgbaDQTUNjYwCKcdcBA9g4a8i7pUEItrpOaOwlbNcbYFtxg3QxFvnnsq00" width="624" height="287">
The project is undergoing a massively explosive presale, raising almost $2 million in under a month.&nbsp;
Investors can buy $BTCMTX for $0.0111, but the price is set to rise by 10% in 24 hours. Following this price increase, there will be seven more 10% bumps before the end of the presale. This means those who buy today can secure tremendous upside potential.
Another factor driving Bitcoin Minetrix’s presale success is its blend of a groundbreaking use case and robust tokenomics. Its use case has already proven in high demand, evident in its presales massive success.
However, once the token launches on the open market, the staking mechanism required to mine Bitcoin means lots of tokens will be locked up, leaving a limited supply. Combined with its utility-driven demand, this could cause $BTCMTX to pump significantly.
You can buy Bitcoin Minetrix tokens on presale via the project’s <a href="https://coinpedia.care/b_btcmtx_43644?referrer=solana-pumps-near-$30-as-crypto-prices-continue-to-rise-3-best-coins-to-buy-on-the-pump" target="_blank" rel="noopener noreferrer nofollow">website</a>.
<h2 class="wp-block-heading" id="h-meme-kombat">Meme Kombat&nbsp;</h2>
<a href="https://coinpedia.care/b_memkombat_42560?referrer=solana-pumps-near-$30-as-crypto-prices-continue-to-rise-3-best-coins-to-buy-on-the-pump" target="_blank" rel="noopener noreferrer nofollow">Meme Kombat</a> is a new P2E staking coin that lets users gamble on the outcomes of AI-generated meme battles with its $MK token. As well as providing utility-driven demand for a trending meme coin, its gambling mechanism provides a convenient and engaging way for players to earn crypto.
What’s more, the platform features a staking mechanism providing a 112% annual percentage yield. This could further bolster the token’s demand while also limiting its supply.
<img src="https://lh7-us.googleusercontent.com/SH7GYL4zlS-lD8uGy2WjtnCbkS0X9FyKZaUDnOet0eOV9_RCBHYC6K1NIYMXIADfQVKjFnkk_FD2xWs_cYzoo88675bgwx8z4AtJvmhUNW9VWSyCKN-nXZOWcD9djtVhOuhdjI39tvZMq86uvUvqNfg" width="624" height="285">
These factors have made for a successful presale, with the project raising $630K in under one month. Investors can buy $MK for $0.1667 but must act quickly as the presale round ends soon.
The team has allocated 50% of tokens to the presale, 10% to DEX liquidity, 30% to staking and battle rewards, and 10% to community rewards. This allocation makes $MK 100% community-owned, aiming to encourage stable and long-term price action.
Looking ahead, the roadmap has planned different seasons, comprising new characters, rewards, battle modes, and ecosystem expansions to retain the community’s interest. Moreover, the team is fully doxxed and highly versed in the business, tech, and blockchain industries.
These factors all point to long-term potential, but when factoring in its presale success and viral meme coin allure, <a href="https://coinpedia.care/b_memkombat_42560?referrer=solana-pumps-near-$30-as-crypto-prices-continue-to-rise-3-best-coins-to-buy-on-the-pump" target="_blank" rel="noopener noreferrer nofollow">Meme Komba</a>t could explode straight after launching on exchanges.
<h2 class="wp-block-heading" id="h-telegram-based-tg-casino-presale-surges-past-1-4-million-after-25-cashback-announcement">Telegram-Based TG Casino Presale Surges Past $1.4 Million After 25% Cashback Announcement</h2>
With the Rollbit crypto casino recently soaring past a $500 million market cap, the new presale <a href="https://bs_c835309a.coinpedia.care/" target="_blank" rel="noopener noreferrer nofollow">TG Casino</a> has also raced ahead. It hit $1.4 million recently after it announced 25% cashback on all losses when using the $TGC token.
Yet this is only one of the $TGC token’s many benefits. Holders enjoy advantages like rewards and exclusive access to rooms and games, a 370% staking APY, and significant potential for price appreciation.
<img src="https://lh7-us.googleusercontent.com/lZYq3oRTL_mmdWsUMTaV88lRwLpXW3XJlsMyvD09qmat5uVnZcbSCurgdhFn3kfCSVzk0rg9hM9xSWrPvRA_3WT0Z16xhvTI7TCMvqebml3RCSb7HOoVGQnxfaqOib7mHhEFOleUQHq0SlMnzVS0DO0" width="624" height="285">
The project also features a buyback mechanism that repurchases tokens with a portion of the casino’s revenue, allocating 60% to staking rewards and burning 40%. This significantly bolsters the supply and demand dynamics.
TG Casino is a Telegram-based casino, making it far more fast and convenient to get started and gamble. It has a much more seamless user experience than other crypto casinos, and its end-to-end encryption means users can bet from anywhere in the world.
It is also one of the only Telegram-based casinos to be fully licensed. This is another significant benefit over Rollbit, which is often criticized for being unregulated.
Investors can <a href="https://bs_c835309a.coinpedia.care/" target="_blank" rel="noopener noreferrer nofollow">buy the $TGC token</a> for $0.1375, but they must act fast as the presale price will increase in 9 days.

Solana Pumps to $30 as Crypto Prices Continue to Rise; 3 Best Coins to Buy Now

Table of Contents

CoinPedia News

Other articles published on Oct 23, 2023

Join our free newsletter for daily crypto updates!