Solana

DeFi

Impact

<p><i>With the market up starting this July, and the second half of 2024. One of the remarkable tokens is </i><a href="https://cryptoticker.io/en/token/SOL" rel="noopener noreferrer nofollow"><i>Solana (SOL)</i></a><i> with its recent liquid staking, on top of its overall performance almost matching up to </i><a href="https://www.bitget.com/spot/ETHUSDT?channelCode=zpkw&amp;vipCode=94qs&amp;groupId=334813" rel="noopener noreferrer nofollow"><i>that of Bitcoin</i></a><i> on the year-to-date scale. However, the most important one was </i><a href="https://cryptoticker.io/en/solana-price-prediction-after-epic-surge-outpaces-btc-and-eth" rel="noopener noreferrer nofollow"><i>the one year achievement of almost 700% growth</i></a><i>. With the current SOL liquid staking, what to expect for </i><a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958" rel="noopener noreferrer nofollow"><i>Solana price</i></a><i>?</i></p>
<p><a href="https://www.tradingview.com/markets/cryptocurrencies/prices-all/?aff_id=127958" rel="noopener noreferrer nofollow"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOL_Overall_Performance_f3b47da4f4.png" alt="By TradingView - SOL Overall Performance"></a></p>
<h2 id="strong-what-is-liquid-staking-strong"><strong>What is Liquid Staking?</strong></h2>
<p>Liquid staking is a form of cryptocurrency staking where stakers receive a tradable token representing their staked assets. In the crypto market, this means that while their original tokens are locked up to support network operations, stakers can still trade or use the liquid tokens in DeFi activities. The pros of liquid staking include increased liquidity, enabling more dynamic trading and higher yields from DeFi applications. It also allows stakers to maintain flexibility and access their funds without needing to unstake. However, the cons include potential security risks, as the creation and management of liquid tokens can introduce vulnerabilities. Additionally, liquid staking can lead to increased complexity in managing staked assets and may incur additional fees.</p>
<h2 id="strong-solana-price-analysis-for-early-july-2024-strong"><strong>Solana Price Analysis For Early July 2024</strong></h2>
<h3 id="strong-solana-price-rises-amid-market-decline-strong"><strong>Solana Price Rises Amid Market Decline</strong></h3>
<p><a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958" rel="noopener noreferrer nofollow">Solana (SOL)</a> has experienced a slight rise of 2.5% in the last 24 hours, reaching almost $150 despite a general market decline. Over the past week, SOL has gained 13%, although it remains down about 10% for the month. Impressively, the cryptocurrency has seen a 675% increase over the past year, exceeding <a href="https://cryptoticker.io/en/bitcoin-starts-strong-h2-drop-or-surge-next" rel="noopener noreferrer nofollow">that of BTC</a>.</p>
<h3 id="strong-liquid-staking-on-solana-grows-strong"><strong>Liquid Staking on Solana Grows</strong></h3>
<p>Recent data indicates a steady increase in liquid staking on the Solana network, with the ratio of liquid-staked coins to normally staked tokens reaching 6.85%. This growth is a positive indicator for Solana, as liquid staking allows for more active trading, potentially boosting the DeFi sector and driving <a href="https://cryptoticker.io/en/token/SOL" rel="noopener noreferrer nofollow">SOL's price</a> upward.</p>
<h2 id="strong-solana-price-prediction-with-the-beginning-of-h2-strong"><strong>Solana Price Prediction With The Beginning of H2</strong></h2>
<h3 id="strong-indicators-show-sol-entering-growth-phase-strong"><strong>Indicators Show SOL Entering Growth Phase</strong></h3>
<p>SOL’s technical indicators suggest a growth phase, with its relative strength index rising from 30 to just over 50, indicating increased buying pressure. Additionally, the 30-day moving average is climbing further above the 200-day average, signaling an expansionary period. The trading volume of SOL has also increased to $1.8 billion, up from $1.2 billion on June 30, indicating growing demand.</p>
<h3 id="strong-the-impact-of-sol-liquid-staking-on-solana-price-strong"><strong>The Impact of SOL Liquid Staking on Solana Price</strong></h3>
<p>Liquid staking provides stakers with tradable assets in return for locking up their tokens, enhancing liquidity in the ecosystem. This increased liquidity supports higher trading volumes, more demand, and greater volatility, all of which are beneficial for SOL’s price. While liquid staking currently accounts for less than 10% of all Solana-based staking, its growth is a positive sign for the ecosystem's health and the future price of SOL.</p>
<h3 id="strong-broader-market-influence-and-future-projections-strong"><strong>Broader Market Influence and Future Projections</strong></h3>
<p>The launch of Ethereum ETFs and the potential for a Solana ETF by VanEck could further boost market optimism. Combined with positive macroeconomic trends, SOL’s price could reach $200 by the end of the summer.</p>
<h3 id="strong-sol-price-prediction-strong"><strong>SOL Price Prediction</strong></h3>
<p>When it comes to <a href="https://cryptoticker.io/en/prediction/solana-price-prediction" rel="noopener noreferrer nofollow">Solana (SOL) price prediction</a>, based on all of the above, it seems that everything is in favor of <a href="https://cryptoticker.io/en/solana-news-today-why-is-solana-price-up" rel="noopener noreferrer nofollow">Solana's price surge</a>. If <a href="https://cryptoticker.io/en/solana-price-prediction-will-sol-surpass-200" rel="noopener noreferrer nofollow">SOL price breaks the resistance level of $149</a>, high chances of further increases lay ahead. However if it ever breaks down below the $145 support level, further declines are to be expected. The safe zone has always been so far between $147 and $148. A few days could shed more light on what to expect, following the ETH ETF launch, but all analysis currently suggest the upcoming of an uptrend and seize traders to buy at the current price.</p>
<p><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOL_Analysis_ae13584a2d.png" alt="By TradingView - SOL Analysis"></p>
<h2 id="strong-portfolio-diversification-new-meme-coins-with-potential-strong"><strong>Portfolio Diversification: New Meme Coins with Potential</strong></h2>
<p>While Solana remains strong, traders might consider diversifying their portfolios with promising new altcoins, such as WienerAI (WAI). This new Ethereum-based meme token has raised over $6.9 million in its presale. WienerAI plans to launch an AI-based chatbot for traders and features an atomic swap tool and MEV protection. With a capped supply of 69 billion WAI and 14,000 followers on its X account, WienerAI shows strong potential.</p>

Solana Price Prediction And Analysis Following SOL Liquid Staking

目次

CryptoTicker ENG

2024年7月2日公開の他の記事

Popular Altcoin Project Announces Mainnet Launch, Sudden Jump in Price!

Binance exec held in Nigeria health worsens, test results denied

SHIB vs. DOGE: Shiba Inu Signals 'Extremely Oversold' Against Dogecoin

Short-Term Holders Might Cap Bitcoin’s Upswing Near $65,000, On-Chain Data Suggests

Kaspa (KAS) Price All-Time High: Q2 Closes with Aplomb Amid Market Dynamics

Ethereum’s Vitalik Buterin Unveils Radical Plan for Turbocharged Transactions

ニュースレターを購読して暗号資産の最新情報を毎日入手！