Solana

Step Finance

Velo

Coin

<div class="insidebitcoins">
 <p>The Solana price has surged 5% in the past 24 hours to trade for $154.24 as of 02:25 a.m. EST on trading volume that surged 130%.</p>
 <p>With this surge, SOL has become bucked the market’s slump on the back of the Solana collaboration with Velo. The partnership is intended to set a precedent for worldwide financial innovation, starting with the reshaping of Laos’ digital gold market.</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">With the Velo and Solana collaboration, we're not just reshaping Laos' digital gold market; we're setting a precedent for worldwide financial innovation 🚀</p>
  <p>Learn how this partnership could redefine global access to digital assets through this article 👇🏻…</p>
  <p>— Velo Official (@veloprotocol) May 7, 2024</p>
 </blockquote>
 <p></p>
 <p>The surge in trading volume for SOL is also ascribed to the Solana Hackathon after Ore took the victory and the $50,000 Grand Prize in Circle’s USD Coin (USDC).</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">Just in:</p>
  <p>Despite disrupting Solana's network in April, Ore wins #Solana hackathon and the $50,000 Grand Prize in USDC. 🏆</p>
  <p>This proof-of-work Solana-native crypto aims to improve and offer a reliable digital currency solution. #Cryptocurency #CryptoNews pic.twitter.com/FQZccH050S</p>
  <p>— 24h.bz (@24hbz) May 7, 2024</p>
 </blockquote>
 <p></p>
 <p>The victory marks the conclusion of the ColosseumOrg, which was advertised as the biggest online Solana Hackathon by participants. The competition was focused on finding Solana’s “next wave of high-impact projects.”</p>
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
  <p lang="en" dir="ltr">🚨 BREAKING: @ColosseumOrg, the biggest online @Solana Hackathon by participants, has concluded:</p>
  <p>▶️ 8,300+ participants.<br>▶️ 1,071 submissions.<br>▶️ Builders from over 95 countries.</p>
  <p>(Winners have also been announced). pic.twitter.com/FglH7ZPYKj</p>
  <p>— SolanaFloor | Powered by Step Finance (@SolanaFloor) May 6, 2024</p>
 </blockquote>
 <p></p>
 <h2 id="solana-price-prediction">Solana Price Prediction</h2>
 <p>The Solana price is trading with a bullish bias, coiling up for a 96% breakout after the completion of a Rounding Bottom Pattern. Based on the Relative Strength Index (RSI) outlook, which has posted higher lows since June 2023, bullish sentiment is building in the SOL market.</p>
 <p>Increased buying pressure above current levels could see the Solana price extend the climb into the supply zone between $197.70 and $250.21. A break and close above the mean threshold of the bearish order block at $224.14 would confirm the continuation of the primary trend.</p>
 <p>The execution of the Rounding Bottom Pattern would set the pace for the Solana price to rally 96% to the target objective of&nbsp; $382.68, a climb of nearly 94% above current levels.</p>
 <p><img decoding="async" class="aligncenter wp-image-517786 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201273%20542'%3E%3C/svg%3E" alt="Solana" width="1273" height="542" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp 1273w, https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp 300w, https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp 1024w, https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp 768w" data-lazy-sizes="(max-width: 1273px) 100vw, 1273px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp">
  <noscript><img decoding="async" class="aligncenter wp-image-517786 size-full" src="https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp" alt="Solana" width="1273" height="542" srcset="https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp 1273w, https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp 300w, https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp 1024w, https://cdn.thebittimes.com/images/2024/05/07/af3d949ca27a28c7941180c14e68af5d.webp 768w" sizes="(max-width: 1273px) 100vw, 1273px">
  </noscript></p>
 <p>TradingView: SOL/USDT 1-week chart</p>
 <p>On the other hand, if traders start cashing in on the gains made so far, the Solana price could drop. The ensuing seller momentum could see SOL price lose support at $130.45. An extension below the $116.00 intra-day low of the April 8 trading session would produce a lower low, invalidating the bullish thesis.</p>
 <p>Even with the Solana price coiling up for a possible 96% breakout, some traders are still considering SEAL, as this new SOL meme coin presale marches toward $1 million.</p>
 <p></p>
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/OPl7iv8vfqk" data-id="OPl7iv8vfqk" data-query="feature=oembed" data-alt="🔥 THIS NEW SOLANA MEME IS LAUNCHING SOON! - GET IN ON THR GROUND FLOOR!??"></div>
 <noscript><iframe title="🔥 THIS NEW SOLANA MEME IS LAUNCHING SOON! - GET IN ON THR GROUND FLOOR!??" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/OPl7iv8vfqk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </noscript>
 <p></p>
 <h2 id="promising-alternative-to-solana">Promising Alternative To Solana</h2>
 <p>SEAL is the powering token for the Sealana project, a patriotic, obese American redneck seal trading his way out of his mom’s basement to pursue his dream of crypto riches.</p>
 <p><img decoding="async" class="alignnone wp-image-517788 size-full" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20850%20850'%3E%3C/svg%3E" alt="Sealana" width="850" height="850" data-lazy-srcset="https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 850w, https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 300w, https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 768w, https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 64w, https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 86w" data-lazy-sizes="(max-width: 850px) 100vw, 850px" data-lazy-src="https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp">
  <noscript><img decoding="async" class="alignnone wp-image-517788 size-full" src="https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp" alt="Sealana" width="850" height="850" srcset="https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 850w, https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 300w, https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 768w, https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 64w, https://cdn.thebittimes.com/images/2024/05/07/417b73b9639e89accd0b027dad661fdf.webp 86w" sizes="(max-width: 850px) 100vw, 850px">
  </noscript></p>
 <p>Sealana represents a novel addition to the meme coin space, a culture-driven niche. It centers on a quirky and relatable digital mascot. The project’s integration with Solana blockchain is a key advantage, leveraging Solana’s robust performance, low fees and rapidly expanding ecosystem.</p>
 <p>SEAL benefits from Solana’s scalability and thriving developer community. It goes a step further to improve its prospects compared to meme coins on more congested Layer 1 networks like Ethereum.</p>
 <p>The success of the project is manifested in how explosive its presale has been with more than $271K raised in less than a week since its launch. Crypto analyst and YouTuber Clay Bro says Sealana has the potential for a 10X rally after launch.</p>
 <p></p>
 <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/4wx8oentz98" data-id="4wx8oentz98" data-query="feature=oembed" data-alt="New Meme Coin Has 10x Potential! Sealana Is The Latest Solana Meme Coin Set To Rally!"></div>
 <noscript><iframe title="New Meme Coin Has 10x Potential! Sealana Is The Latest Solana Meme Coin Set To Rally!" width="640" height="360" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/4wx8oentz98?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </noscript>
 <p></p>
 <p>With this ”send SOL” type presale, there is no timer, stages, or even a hard cap, which means it could close at any time. So, if you are attracted, buy now to avoid disappointment.</p>
 <p>Visit and buy Sealana here. One SOL buys 6, 900 SEAL.</p>
 <h3 id="also-read">Also Read:</h3>
 <ul>
  <li>How to Buy Sealana – SEAL Presale Review</li>
  <li>Sealana Price Prediction – SEAL Price Potential in 2024</li>
  <li>5 Must-Watch Meme Coins for 10X Potential – Best Cryptocurrencies to Buy Now</li>
  <li>Best Meme Coins to Invest in: Top Picks for Exponential Gains!</li>
 </ul>
 <p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-price-surges-5-as-this-new-send-sol-meme-coin-ico-marches-towards-1-million-tbt87628.html">https://thebittimes.com/solana-price-surges-5-as-this-new-send-sol-meme-coin-ico-marches-towards-1-million-tbt87628.html</a></p>
</div>

Solana Price Surges 5% As This New ”Send SOL” Meme Coin ICO Marches Towards $1 Million

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TheBitTimes

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