Ethereum

Solana

<img src="https://cdn.thebittimes.com/images/2024/05/21/1716296932.webp" alt="">
Crypto underdog Solana has grown by more than 20% in the past week, and is now fast approaching the key $200 level. This price action mirror’s Bitcoin’s recent rise; the world’s leading crypto has again surpassed the $71k mark.&nbsp;
What’s next for the Solana price? Will it experience explosive growth this year?
Meanwhile, <a href="https://cryptofinance.care/b_dogeverse-en_73962?referrer=experts-reveal-new-eth-price-targets-after-ethereum-etf-approval" target="_blank" rel="noopener noreferrer nofollow">Dogeverse</a> is in the last stage of its presale, having raised upwards of $15 million already and giving users one last early moving opportunity. The community is anticipating that this multi-chain token that’s also active on the Solana blockchain, will have an explosive debut on cryptocurrency exchanges.
<h2 dir="ltr" id="span-solana-price-up-25-on-weekly-chart-monthly-chart-also-shows-a-double-digit-increase-span">Solana Price Up 25% on Weekly Chart, Monthly Chart Also Shows a Double Digit Increase</h2>
Solana (SOL) has surged by more than 25% in a week. After a brief period of bearish price action, the native token of the fastest L2 solution, has started to move up again.&nbsp;
Tradingview shows that the token has pumped by more than 47% in a 21-day timeframe. At the time of writing, the token is trading just above the $180 mark. Solana’s current market capitalization stands at more than $446 billion.&nbsp;
<img src="https://lh7-us.googleusercontent.com/NvdGuJ0yOoQeykA77DkJOqVq2VKLdc_qNT5Q3Dyat49WMy3wZO0FEBvAX9fXwAvoxHF_NOM2k9m9hYB3BZswM0MsARdcKvpxKsz16YytP9iV2MeStCC8X2LfAKgfwhT-4EfzkNV0Pzhai4cpnhMEtt0" width="624" height="352" style="display: block; margin-left: auto; margin-right: auto;">
Popular crypto analysis sites like Coinsider predict that the SOL price will cross $200 within the next 30 days. The current sentiment around Solana is bullish with most moving averages giving a buy signal.&nbsp;
<h2 dir="ltr" id="span-ethereum-etf-s-regulatory-progress-is-the-cause-of-the-surge-span">Ethereum ETF’s Regulatory Progress is the Cause of the Surge</h2>
Solana’s recent price increase has little to do with the project’s developments.&nbsp;
While there has been some buzz on Twitter about Solana’s recent competition on Colloseum Organization, it has failed to gain a lot of interest.&nbsp;
<blockquote class="twitter-tweet">
 1/ 8,300+ participants. 1,071 submissions. Builders from over 95 countries.<a href="https://twitter.com/ColosseumOrg?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ColosseumOrg</a> has announced the winners of the Solana Renaissance Hackathon! <a href="https://t.co/bazq5g52Av" rel="noopener noreferrer nofollow">https://t.co/bazq5g52Av</a> <a href="https://t.co/HpPluOFevr" rel="noopener noreferrer nofollow">https://t.co/HpPluOFevr</a> — Solana (@solana) <a href="https://twitter.com/solana/status/1787476156238921912?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 6, 2024</a>
</blockquote>
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The primary reason behind this bullish reaction is the recent regulatory progress that Ethereum ETF has made.&nbsp;
The US Securities and Exchange Commission has recently asked exchanges to update their 19b-4 filings for Ethereum ETFs.&nbsp;
This news has led many investors to believe that an Ethereum ETF will be approved soon. Data for this comes from Polymarket. The world’s largest prediction market, <a href="https://polymarket.com/event/ethereum-etf-approved-by-may-31?tid=1716290270911" target="_blank" rel="noopener noreferrer nofollow">Polymarket</a> has shown a surge in the chances of Ethereum ETF being approved by May 31st.&nbsp;
<img src="https://lh7-us.googleusercontent.com/4LLJQolTzZSZTTCh9GBIY8UHzaQ1XLnf3jnkhb0Oram2AVIzGmMCv1zYzTcF_e_xOTOO1FBXDl3Ou9aqjLGL4KCgP7OJXpQpwMhkFYFS2EKoov50Jrq2exZEn7ucaCa1Wyyya6EetMFQe35IvYoN4Lc" width="624" height="283" style="display: block; margin-left: auto; margin-right: auto;">
Another reason behind the SOL price surge could be the green candles painted by Solana meme coins.&nbsp;
CoinGecko shows that the cumulative market capitalization of Solana-based meme coins has risen by 16.7%, and now exceeds $8.3 billion. Are these enough to push SOL further?
<img src="https://lh7-us.googleusercontent.com/e2-LeZ-nRycfWpvmDH2qIf4IxYkqQvGBfM6sTVonDCBQY7u80CpNkAeJ4krwDSdLm5VaBplb51RiWRLhmBzbyCpTFAWr0yy_cdT46CdJ82LbozUlOuvaFTz0tukl5UZ4mJI2NFvtY7gYaVhjA9HPdno" width="624" height="200" style="display: block; margin-left: auto; margin-right: auto;">
<h2 dir="ltr" id="span-solana-price-prediction-will-it-move-up-span">Solana Price Prediction - Will it Move Up?</h2>
As mentioned, Solana’s recent price action is the result of speculation and not the developments happening within the ecosystem. Furthermore, <a href="//alternative.me" target="_blank" rel="noopener noreferrer nofollow">Alternative.me</a> shows that the crypto market is going through a period of extreme greed with 76 points.
On the technical side of things, Solana’s current RSI is 65, which is extremely close to the overbought zone.&nbsp;
Furthermore, the 1-hour interval candle chart shows that the growth has slowed down, with more red hours emerging.&nbsp;
<img src="https://lh7-us.googleusercontent.com/ZGxZFz5KMK6jMKQ-pJsDlOROXPFJ8Ejle51xxyNn615IwXomoZeBxEWWWS9Nk15FXHOYbzSeQ_zCxOvs312uGDqujlXLiZuXQsOLD167bYYFpZ4yeyX2Umd7Yd-KCrHQqcIjK2quNnQ22obtci1Bwis" width="624" height="519" style="display: block; margin-left: auto; margin-right: auto;">
This shows that Solana’s growth has curbed, and we won’t likely see a double-digit increase in the SOL price next week. Therefore, Solana likely won’t have explosive growth anytime soon.&nbsp;
That being said, crypto YouTuber <a href="https://www.youtube.com/@JacobCryptoBury" target="_blank" rel="noopener noreferrer nofollow">Jacob Crypto Bury</a> has discussed that Solana’s market cap dominance in the crypto market exceeds over 3%. The crypto educator with close to 40k subscribers has also stated that Solana’s Total Value Locked (TVL) has surged in 2024. This means that even if SOL’s short-term growth is limited, its long-term growth could be big.&nbsp;
<iframe width="941" height="539" src="https://www.youtube.com/embed/H1QRe1ZM_aI" title="SOLANA PRICE PREDICTION | $SOL NEWS - New 100X Potential Solana Meme Coin Spotted?!" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
“If the global crypto market cap reaches around $10 trillion, and Solana maintains a 3% market dominance, SOL’s market cap could reach $200 to $300 billion, which will bring a 4x or 5x increase in its value.” Bury said.&nbsp;
He also reviewed new Solana meme coin <a href="https://thebittimes.com/new-solana-based-token-sealana-seal-launches-amid-meme-coin-rally-tbt87371.html" target="_blank" rel="noopener noreferrer nofollow">Sealana</a>, and has in other videos highlighted Dogeverse.
<h2 dir="ltr" id="span-dogeverse-the-next-possible-crypto-to-explode-this-year-span">Dogeverse - The Next Possible Crypto to Explode this Year</h2>
Even though Solana-based meme coins continue to outperform most high-cap assets this year, their use cases remain limited since they are bound to a single blockchain. <a href="https://cryptofinance.care/b_dogeverse-en_73962?referrer=experts-reveal-new-eth-price-targets-after-ethereum-etf-approval" target="_blank" rel="noopener noreferrer nofollow">Dogeverse</a>, on the other hand, is a multi-versal meme coin active on not one but six blockchains.&nbsp;
<img src="https://lh7-us.googleusercontent.com/neV4O1UR3qS-heexEr0-qyIdOHa5GYpmmhGTWX_O4xkss_J-RZ0RiMRRIPvOhSHd-uAKUzZ6L_AAiZsBCyU1uLLxF9EuH4pDBWOPJR1IDarJoWBBpvYuzm8QPetA3VyQSBB_40hJuJ8E_EqWS0D98c8" width="624" height="443" style="display: block; margin-left: auto; margin-right: auto;">
Telling the story of Cosmo, Dogeverse is a meme coin capable of traversing through Ethereum, BNB Chain, Solana, Polygon, Avalanche, and Base. This multi-chain attribute gives investors a high level of flexibility to interact with its ecosystem.&nbsp;
Furthermore, with this versatile way of interaction, it is possible that diverse types of investors will join up. This could lead to a major community expansion, unlocking more use cases for Dogeverse. The project boldly tweeted on X.com that this is how it will knock down meme coin competition this year.&nbsp;
<blockquote class="twitter-tweet">
 Knocking down the <a href="https://twitter.com/hashtag/Memecoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Memecoin</a> competition! <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Altcoins</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/PEPE?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#PEPE</a> <a href="https://twitter.com/hashtag/Usyk?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Usyk</a> <a href="https://twitter.com/hashtag/TysonFury?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#TysonFury</a> <a href="https://twitter.com/hashtag/FuryvsUsyk?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#FuryvsUsyk</a> <a href="https://twitter.com/hashtag/Boxing?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Boxing</a> <a href="https://twitter.com/hashtag/Champion?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Champion</a> <a href="https://t.co/BsgqVCmuab" rel="noopener noreferrer nofollow">pic.twitter.com/BsgqVCmuab</a> — DogeVerse (@The_DogeVerse) <a href="https://twitter.com/The_DogeVerse/status/1792601274984071407?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 20, 2024</a>
</blockquote>
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It is due to this multi-chain approach that Dogeverse has been able to amass a massive following during its presale. The token hit its presale target already and has raised upwards of $15 million.&nbsp;
The launch is happening anytime soon, and the project is now giving users one last early mover opportunity on its official website. Investors should also consider visiting Dogeverse’s socials to keep tabs with the project’s development.&nbsp;&nbsp;
<a href="https://cryptofinance.care/b_dogeverse-en_73962?referrer=experts-reveal-new-eth-price-targets-after-ethereum-etf-approval" target="_blank" rel="noopener noreferrer nofollow">Visit Dogeverse</a> | <a href="https://twitter.com/The_DogeVerse" target="_blank" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://t.me/The_DogeVerse" target="_blank" rel="noopener noreferrer nofollow">Telegram</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-price-prediction-sol-rises-25-what-s-the-next-crypto-to-explode-tbt89144.html">https://thebittimes.com/solana-price-prediction-sol-rises-25-what-s-the-next-crypto-to-explode-tbt89144.html</a>

Solana Price Prediction - SOL Rises 25%, What's the Next Crypto to Explode

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