Solana

Toncoin

<p>The post <a href="https://coinpedia.org/news/solana-price-prediction-will-sol-price-break-202-and-surge-towards-1000/" rel="noopener noreferrer nofollow">Solana Price Prediction: Will SOL Price Break $202 and Surge Towards $1000?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Solana (SOL) price pumped more than 4 percent in the past 24 hours to trade around $191.72 on Monday during the London session. The top-tier layer one (L1) blockchain, with nearly $6 billion in total value locked (TVL), has attracted notable attention from institutional investors and retail traders.</p>
<p>Moreover, the Solana network offers higher throughput and cheaper transactions than the Ethereum network. With nearly $10 billion in meme coins market cap, Solana-based web3 projects, led by Raydium DEX, have registered a significant increase in on-chain activity.</p>
<p>Consequently, Solana (SOL) has again outshone Binance Coin (BNB) amid the ongoing mainstream adoption of digital assets and Web3 platforms. According to the latest data, Solana had a market cap of about $89 billion, whereas BNB trailed with $86.4 billion.</p>
<h2 class="wp-block-heading" id="h-is-solana-price-ready-for-ath">Is Solana Price Ready for ATH?</h2>
<p>According to a recent study, most Solana holders believe the altcoin is well-positioned to reach $1000 soon. From a technical standpoint, Solana’s price has already broken out of the daily falling logarithmic trend.&nbsp;</p>
<p>As with most altcoins, Solana’s price is awaiting the final signal of a Bitcoin dominance reversal on the weekly timeframe. The highly anticipated altseason will begin after a weekly reversal of the Bitcoin dominance.</p>
<p>Solana’s price could be trapped in a horizontal consolidation between $120 and $202. As a result, it is prudent for Solana traders to wait for the altcoin to consistently close above $202 in the coming weeks to enter for a ride towards $1000.</p>
<h2 class="wp-block-heading" id="h-bigger-picture">Bigger Picture</h2>
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@solana</a> surpasses the combined 24-hour DEX volume of the Ethereum, Base, and Binance chains.<br><br>Solana's DEX volume dominance reached a new All-Time high at 42%. <a href="https://t.co/RVyqKlZ8z9" rel="noopener noreferrer nofollow">pic.twitter.com/RVyqKlZ8z9</a></p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1817853954102845538?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a>
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<p>The Solana ecosystem has attracted notable attention since the launch of the U.S.-based spot Ether ETFs. Already, VanEck has led other institutional investors in filing for spot Solana ETF, which could be approved if a presidential candidate, Donald Trump, wins the upcoming election.</p>
<p>Meanwhile, the Solana web3 ecosystem faces immense competition from other layer-one chains led by Ethereum, Tron, BSC, and Toncoin (TON)</p>

Solana Price Prediction: Will SOL Price Break $202 and Surge Towards $1000?

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