Franklin

Solana

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/solanas-price-peaks-attracting-crypto-market-attention">Solana’s Price Peaks Attracting Crypto Market Attention</a><br></p>
<p style="text-align: justify"> The cryptocurrency <a href="https://en.bitcoinhaber.net/solana-blockchain-ushers-in-a-new-era-for-nfts-with-metaplex-inscriptions-and-engravings">Solana</a> has experienced a notable price hike, driven by a wave of purchases within the crypto market. On March 14, Solana’s value escalated to its highest point since January 2022, hitting $174, which represented a 6.70% jump and overshadowed the overall market’s marginal decline. This bullish trend sees Solana standing out, even as its price slightly adjusted to $166 during reporting. </p> 
<h2 id="dogewhatif-campaign-boosts-solana">Dogewhatif Campaign Boosts Solana</h2> 
<p style="text-align: justify"> Solana’s recent surge is closely linked to the success of the related Dogewhatif memecoin project, which managed to raise $50,000 of its $700,000 target. This fundraising achievement sparked interest and visibility for the project, as demonstrated by the Dogewhatif token’s 25% value increase and a market cap reaching $3 billion. The positive ripple effects from this campaign, which began on March 10, have also fueled a more than 24% rise in Solana’s price. </p> 
<p style="text-align: justify"> The enthusiasm surrounding new memecoin projects on the Solana blockchain has also seen investment shifts. Franklin Templeton’s recent study highlighted a significant correlation between active addresses on the network and the price fluctuations of popular memecoin BONK. These developments suggest a potential uptick in demand for Solana as DApps and transaction activities intensify on the platform. </p> 
<h2 id="contrasting-bitcoin-and-solana-s-market-movements">Contrasting Bitcoin and Solana’s Market Movements</h2> 
<p style="text-align: justify"> Amidst <a href="https://en.bitcoinhaber.net/bitcoin-struggles-to-maintain-its-ground-as-prices-dip">Bitcoin</a>‘s market recovery, Solana has demonstrated a distinct upward trajectory. The SOL/BTC trading pair alone has soared by 32.45% since hitting a monthly low, with a notable 6.60% increase on March 14. This suggests an investor pivot from Bitcoin to altcoins like Solana. Despite Bitcoin’s substantial 65% gain this year, it currently shows signs of being overbought, making altcoins with lower RSI values like Solana and <a href="https://en.bitcoinhaber.net/ripples-strategic-xrp-token-movements-impact-market-dynamics">XRP</a> more appealing due to their balanced market sentiment.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/solanas-price-peaks-attracting-crypto-market-attention">Solana’s Price Peaks Attracting Crypto Market Attention</a></h5>

Solana’s Price Peaks Attracting Crypto Market Attention

Table of Contents

BH NEWS

Other articles published on Mar 14, 2024

Zebec (ZBC) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

US Leads Crypto Gains in 2023, Amassing $9.3 Billion

The Challenges Hindering Advancements in Self-Driving Technology

BONK Price Above $50 Teases A Bull Run Stretching to $100

Gold finance: when the safe haven value reveals the two faces of France

Is Maker (MKR) Poised for Correction Amidst Upcoming Launch? Bullish Whale Bets vs. Technical War...

Join our free newsletter for daily crypto updates!