Solana price has increased by 5% in the past 24 hours and is trading at $154.24 per Solana as of 2:25 AM EST. Trading volume has surged by 1,30%.
During this rally, SOL rose against the backdrop of Solana’s partnership with Velo, which aims to set a precedent for global financial innovation by first transforming the digital gold market in Laos.
Through Velo and Solana’s collaboration, we are not only transforming the digital gold market in Laos, but also setting a precedent for global financial innovation.
Learn how this collaboration is redefining how digital assets are acquired around the world.
The surge in SOL’s trading volume was also attributed to the hosting of the Solana Hackathon, where Ore took home victory and a grand prize of $50,000 in Circle’s USD Coin (USDC).
Just announced:
Despite disruptions to the Solana network in April, Ore won the Solana Hackathon competition and the grand prize of $50,000 in USDC.
This proof-of-work Solana native cryptocurrency aims to improve and provide reliable digital currency solutions.
The win marks the end of ColosseumOrg, the largest online Solana Hackathon ever to be publicized by participants. The competition was focused on finding the “next wave of high-impact projects” for Solana.
Breaking News:
The largest online Solana Hackathon @ColosseumOrg publicized by participants has concluded:
▶️More than 8,300 participants.
▶️1071 commits.
▶️Developers from 95 countries.
(The winners have also been announced).
Solana Price Prediction
Solana price is trading in a bullish trend and is forming a boat bottom pattern, with a breakout expected at 96%. According to the Relative Strength Index (RSI) outlook, bullish sentiment is building in the SOL market as the RSI has been making higher lows since June 2023.
If buying increases above the current levels, Solana price could extend the uptrend into the supply zone between $197.70 and $250.21. A breakout and close of the average threshold of the bearish order block at $224.14 would confirm the continuation of the primary trend.
The execution of the Ship Bottom pattern would provide a target of 96% for Solana’s price to reach $382.68, which is an increase of nearly 94% from current levels.
On the other hand, if traders start cashing in profits, Solana price could decline. The ensuing seller momentum could cause the SOL price to lose the $130.45 support. A decline below the $116.00 low of the April 8 trading session would produce a lower low, invalidating the bullish view.
While Solana price is preparing for a possible breakout at 96%, some traders are still considering SEAL as the new SOL memecoin presale heads towards $1 million.
Promising Alternatives to Solana
SEAL is the power token of the Sealana project, a patriotic, fat American redneck seal who fulfills his dream of going from his mom’s basement to pursuing crypto wealth through trading.
Sealana is a novel addition to the memecoin space, a culturally driven niche centered around a quirky and resonant digital mascot. The project’s integration with the Solana blockchain is a key advantage, leveraging Solana’s powerful performance, low fees, and rapidly expanding ecosystem.
SEAL benefits from Solana’s scalability and thriving developer community, further improving its prospects compared to memecoins on more crowded first-layer networks like Ethereum.
The project’s success is reflected in its explosive presale, which raised more than $271,000 in less than a week since its launch. Crypto analyst and YouTuber Clay Bro said Sealana has the potential to see a 10x increase after its launch.
With this "Send SOL" type of presale, there are no timers, phases, or hard caps, which means it may close at any time. So, if you are interested, buy now to avoid disappointment.
Visit and purchase Sealana.
Each SOL can purchase 6,900 SEALs.
Also read:
How to Buy Sealana-SEAL Pre-Sale Review
Sealana Price Prediction – SEAL Price Potential in 2024
5 Must-See Memecoins with 10x Potential - Best Cryptocurrency Buying Options Right Now
Best Memecoins to Invest in: Top Picks for Exponential Growth!
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