Greed

Token

Solana

Momentum

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/press-release/solana-price-up-is-40-incoming-as-tg-casino-token-hits-1-4m/">Solana Price Up Over 35% in a Week – Is $40 Incoming as TG Casino Token Hits $1.4m</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Solana (SOL) has been on an impressive run over the past seven days, with the token’s price rising over 35% to the $32 level. This momentum shows no signs of slowing down either – with many analysts now predicting Solana could soon retest the $40 mark. Meanwhile, exciting new projects like TG.Casino (TGC) are also making waves, having recently hit the $1.4 million mark in its ongoing presale event.
<h2 class="wp-block-heading" id="h-solana-rallies-above-28-resistance-as-bullish-momentum-continues">Solana Rallies Above $28 Resistance as Bullish Momentum Continues</h2>
Solana’s bullish momentum comes after the price broke above the critical resistance level at $28, which capped the token back in July.
The token’s recent pump has now fully retraced the sharp crash that occurred in November 2022 following FTX’s collapse.
Analysts cite renewed investor interest in Solana as a key driver of the latest rally, with trading volumes<a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22solana%22%2C%22ticker%22%3A%22SOL%22%2C%22from%22%3A%222022-12-31T22%3A00%3A00.000Z%22%2C%22to%22%3A%222023-10-24T22%3A00%3A00.000Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22volume_usd%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%23D2D6E7%22%5D%7D%5D" target="_blank" rel="noopener noreferrer nofollow"> hitting $1.7 billion this week</a> – their highest in over 100 days.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/mSwnHAV9XELDIUy7dKu9rPDCkocND66EiRgTpNqr_0KHivHQcqvsnxo9O30-XRVwbpSdMa09sGYFCvyQO7r9piiahxRanY9nGxIZWB7Xwi8I_vjCWV1i4gL8ONOvD2KyT4osCZievA-bT9lM-7oIkfs" alt="">
</figure>
Solana’s network activity also looks healthy, with the Total Value Locked (TVL) metric<a href="https://defillama.com/chain/Solana" target="_blank" rel="noopener noreferrer nofollow"> reaching a yearly high of $380 million</a>.
With most traders still showcasing a bullish sentiment, the path of least resistance for SOL is to the upside.
Additionally, with the <a href="https://alternative.me/crypto/fear-and-greed-index/" target="_blank" rel="noopener noreferrer nofollow">Crypto Fear &amp; Greed Index</a> sitting at 71, its highest in almost two years, Solana is also benefiting from renewed momentum across the broader market.
Despite trading 87% below its all-time high, this confluence of positive factors suggests a more optimistic short-term outlook for the token.
<h2 class="wp-block-heading" id="h-traders-eye-40-target-before-end-of-2023-as-interest-in-sol-grows">Traders Eye $40 Target Before End of 2023 as Interest in SOL Grows</h2>
With Solana gaining strong momentum in recent weeks, many analysts believe the $40 level is within reach before 2023 is over.
The optimism stems from growing institutional interest in SOL, as evidenced <a href="https://blog.coinshares.com/volume-154-digital-asset-fund-flows-weekly-report-8047e8013369" target="_blank" rel="noopener noreferrer nofollow"> by a CoinShares report</a> that showed $15.5 million in inflows into Solana investment products last week – the most of any altcoin.
These inflows come amid anticipation of a spot BTC ETF approval in the US, which could unlock a wave of institutional capital into the crypto space.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/y9Np-FikLuGcVd-PgfSyNlycGG9ehP9kXISF449jjvXmnH3q5ctH0K92xyK6sjY9n4tNKrRzFHhoNYyMyrnuLjdgbf9tbskJus0Vx9eZTIaClPy_m54PrOHECN_uUcnzfFy1awgvLWwlDnRBv7Ume68" alt="">
</figure>
While inflows remain below the levels seen in the past, the interest shows Solana is on the radar of major investors.
With on-chain activity looking healthy and Solana development continuing rapidly, hitting the $40 target is feasible in the coming weeks.
If Bitcoin’s rally persists and macro conditions stay positive, Solana is likely to maintain its upward trajectory through the year’s final months.
<h2 class="wp-block-heading" id="h-tgc-token-also-bullish-presale-offers-exposure-to-explosive-crypto-gambling-market">TGC Token Also Bullish, Presale Offers Exposure to Explosive Crypto Gambling Market</h2>
As Solana and the broader crypto market build momentum, one exciting new token flying under the radar is <a href="https://bs_c835309a.coinpedia.care/" target="_blank" rel="noopener noreferrer nofollow">TG.Casino (TGC)</a>.
This project aims to disrupt the $250 million crypto gambling space by creating the first licensed casino and sportsbook directly integrated into Telegram.
With no KYC and anonymous instant play, TG.Casino provides a frictionless and secure gaming experience by leveraging Telegram’s encryption and enormous user base.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/tho9kvz1u8YMkCD0WsBOmrk7eYViEy1iFdGL-xte2GI45vbDyudwiV5TeimY18bQ3vX2rQldlYUZImK8Arez7Zp94V74O4glhaCe5KrB996n92zL5hqBg782EMJa8wAfn8Y24s2kdoy7c-d9L47Eym4" alt="">
</figure>
The platform is powered by the native TGC token, currently on presale for $0.1375 – expected to be a discount to its eventual exchange listing price.
Holding TGC offers numerous benefits, such as staking rewards of up to 343% APY and access to exclusive games.
As outlined in the<a href="https://tg-casino.gitbook.io/tg.casino-whitepaper/" rel="noopener noreferrer nofollow"> project’s whitepaper</a>, TG.Casino also implements a buyback and burn mechanism, whereby a portion of the casino’s profits will be used to purchase TGC from the open market and then burn them – reducing the circulating supply.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/hYzoFjUNcFjVNSeHlQXnTS-oB6JHfU4XLxJmx2APQsU1asA4GJKuXMblrlh5THtVlMXt9f5phjxdsOT_vPsobtPaIGZN8WRlkpAsfZSrz0mx10uKicuc62bx86eA79GxcM3qk9aYJ-2GPo4j2oBBrgs" alt="">
</figure>
With a <a href="https://drive.google.com/file/d/1lAz5Z8dG0xuN-qgYRdJOA95clI7-YYGy/view?usp=sharing" target="_blank" rel="noopener noreferrer nofollow">full gaming license</a> from Gaming Curacao and a <a href="https://drive.google.com/file/d/1lAz5Z8dG0xuN-qgYRdJOA95clI7-YYGy/view?usp=sharing" target="_blank" rel="noopener noreferrer nofollow">smart contract audit</a> from Coinsult, TG.Casino checks the right boxes in terms of transparency and security.
For those looking to diversify beyond <a href="https://coinpedia.org/press-release/solana-is-best-non-consensus-buy-as-traders-also-back-this-token-to-surge/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>, TGC could be an exciting option to gain exposure to the future of crypto gambling.
Prospective investors can <a href="https://bs_c835309a.coinpedia.care/" target="_blank" rel="noopener noreferrer nofollow">buy TGC tokens</a> through the official TG.Casino website using ETH or USDT.

Solana Price Up Over 35% in a Week – Is $40 Incoming as TG Casino Token Hits $1.4m

Table of Contents

CoinPedia News

Other articles published on Oct 26, 2023

JP Morgan Spot Shares Its Final Thoughts on Bitcoin ETF Approval!

A misleading priority withdrawal scam is faced by FTX clients.

UK Banks and Crypto: A Shift in the Financial Ecosystem

Bitcoin Nears Historic ‘Golden Cross’ Milestone Following 30% Price Surge in 2 Weeks

Finance experts predict Bitcoin price for 2025

Bitcoin Price Aims for $45,000, But It Needs to Break This Resistance!

Join our free newsletter for daily crypto updates!