2024

Solana

Jupiter

<div class="finbold">
 <p class="paragraph">With most assets in the <a rel="noopener noreferrer nofollow" title="cryptocurrency" href="https://thebittimes.com/tag/cryptocurrency.html">cryptocurrency</a> market recording a bullish month, some of them had an exceptionally positive year, particularly Solana (SOL), which has made an epic rise of nearly 380% in the last 12 months, during which it went from a mere $20 area to the current price at around $112.</p>
 <p class="paragraph">Indeed, Solana’s year has been very generous to the fifth-largest asset in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> sector by market capitalization, marked by constant development and high returns-on-investment (ROI) through some of the most innovative services of staking and lending in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> field.</p>
 <p class="paragraph">For instance, Solana supports lending SOL for non-fungible tokens (NFTs) as collateral, making it one of the rare such platforms in the business, and with interest rates of over 180% annual percentage yield (APY), in addition to the success of its protocol in other areas, including gaming.</p>
 <h2 class="wp-block-heading" id="h-persistent-development">Persistent development</h2>
 <p class="paragraph">Recently, one of the leading layer-1 blockchains revealed its second smartphone, already recording more than 100,000 pre-orders in less than 30 days, through which it has secured funding for further development, as opposed to its first product that saw nowhere near such demand.</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    4 <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies under $1 to buy next week <span class="self-center text-xs text-slate-500">8 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Microsoft's Copilot AI predicts XRP price for end of 2024 <span class="self-center text-xs text-slate-500">46 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    We asked ChatGPT what will be Ethereum price after 2024 Bitcoin halving <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Short squeeze alert for next week: Two <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies with pump potential <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">At the same time, Solana partnered with Injective (INJ) to launch a cross-chain name service that will enable the creation of the first-ever interoperable omnichain domain and allow users to have the same .sol domain, adding to the platform’s appeal and bullish sentiment for the future.</p>
 <p class="paragraph">On top of that, the network has recorded a rise in decentralized finance (DeFi) trading volumes in January 2024, and optimism surrounding the Jupiter airdrop could trigger even more activity, contributing to Solana’s dominance among other participants in the DeFi ecosystem.</p>
 <figure class="wp-block-image"><img decoding="async" width="1565" height="556" src="https://cdn.thebittimes.com/images/2024/02/16/d988c25f81f3683b21cb91e2261e8671.webp" alt class="wp-image-155498" srcset="https://cdn.thebittimes.com/images/2024/02/16/d988c25f81f3683b21cb91e2261e8671.webp 1565w, https://cdn.thebittimes.com/images/2024/02/16/d988c25f81f3683b21cb91e2261e8671.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/d988c25f81f3683b21cb91e2261e8671.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/d988c25f81f3683b21cb91e2261e8671.webp 768w, https://cdn.thebittimes.com/images/2024/02/16/d988c25f81f3683b21cb91e2261e8671.webp 1536w" sizes="(max-width: 1565px) 100vw, 1565px">
  <figcaption class="wp-element-caption"><em>DEX dominance by chain in 2024. Source: </em><em>DefiLlama</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-solana-price-analysis">Solana price analysis</h2>
 <p class="paragraph">Currently, Solana is <a rel="noopener noreferrer nofollow" title="changing" href="https://thebittimes.com/tag/changing.html">changing</a> hands at the price of $111.28, recording a slight pullback of 4.02% on the day. That said, during the past seven days, SOL has grown its price by 5.15%, adding up to the more significant gain of 10.02% accumulated in the previous month and an impressive yearly advance of 378%, as per the data on February 16.</p>
 <figure class="wp-block-image"><img decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/02/16/4308ae2e17d00eac66a92df6e7a2bae9.webp" alt class="wp-image-155497" srcset="https://cdn.thebittimes.com/images/2024/02/16/4308ae2e17d00eac66a92df6e7a2bae9.webp 1200w, https://cdn.thebittimes.com/images/2024/02/16/4308ae2e17d00eac66a92df6e7a2bae9.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/4308ae2e17d00eac66a92df6e7a2bae9.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/4308ae2e17d00eac66a92df6e7a2bae9.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>Solana 12-month price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">It is also important to note that&nbsp;the 1-week technical sentiment gauges at <em>TradingView</em> are also very bullish on Solana, suggesting a ‘strong buy’ at 14 points, through the summary of oscillators pointing at a ‘neutral’ at 8 and moving averages (MA) indicating a ‘strong buy’ at 12.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="286" src="https://cdn.thebittimes.com/images/2024/02/16/875b016baece23e6d46c73b0b715fb1b.webp" alt class="wp-image-155493" srcset="https://cdn.thebittimes.com/images/2024/02/16/875b016baece23e6d46c73b0b715fb1b.webp 1024w, https://cdn.thebittimes.com/images/2024/02/16/875b016baece23e6d46c73b0b715fb1b.webp 300w, https://cdn.thebittimes.com/images/2024/02/16/875b016baece23e6d46c73b0b715fb1b.webp 768w, https://cdn.thebittimes.com/images/2024/02/16/875b016baece23e6d46c73b0b715fb1b.webp 1536w, https://cdn.thebittimes.com/images/2024/02/16/875b016baece23e6d46c73b0b715fb1b.webp 1773w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Solana 1-week sentiment gauges. Source: TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">Overall, Solana is demonstrating strength in both the short and long term, thanks to the constant developments and positive sentiment, thus making it a possibly life-<a rel="noopener noreferrer nofollow" title="changing" href="https://thebittimes.com/tag/changing.html">changing</a> digital asset to purchase this year. However, it is always essential to conduct careful research before investing in any asset.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/best-life-changing-cryptocurrency-to-buy-in-2024-tbt80024.html">https://thebittimes.com/best-life-changing-cryptocurrency-to-buy-in-2024-tbt80024.html</a></p>

Best life-changing cryptocurrency to buy in 2024

Table of Contents

TheBitTimes

Other articles published on Feb 16, 2024

Trading patterns show Avalanche (AVAX) holders add DeeStream (DST) to portfolio while Bitcoin (BT...

Government Assets’ Waning Popularity Likely to Trigger Crypto Market Bull Run

Microsoft Considers Expanding Major Franchises to Rival Platforms

Cryptocurrency Projects Poised for Growth Before 2024 Halving

AVAX Rides The Crypto Avalanche To Success: Market Cap Skyrockets By 344%

🚀🚀 Adding New Blockchain: SOLANA🚀🚀

Join our free newsletter for daily crypto updates!