The Solana price has surged past the bullish $241 target as volume on the network’s decentralized exchanges (DEXs) skyrockets amid a seemingly unstoppable meme coin mania.
Layer 1 Blockchain Solana’s price can reach $500 by year’s end as its speed and efficiency advantages over competitors like Ethereum Continue to impact market positioning.
If Solana can hold the break above the crucial $241 level, then the next target for bulls is $291, which is well into price discovery territory – the SOL all-time high is $259.
It Even a modest climb would allow you to easily reach the price range of $350-$400.
DEX daily volume on Raydium It is more than twice as large as Ethereum-based Uniswap According to the latest DefiLlama figures, ($3.93 billion vs. $1.45 billion)
Solana Meme Coins Explode As Pump.Fun Market Cap Surpasses $8 Billion
Behind The explosive growth of memes on the internet is a major cause for concern. Solana The pump.fun launchpad’s success has helped chain to become the defacto home of meme coin.
Through Pump.fun, with its user-friendly interface and clever bonding curves, allows anyone to create a meme coin quickly at minimal cost.
The The pump.fun eco-system is now valued at $8.2 Billion, with a 24-hour trading volume of $4.3 Billion.
Leading The charge on Pump.fun is Peanut You can also find out more about the following: Squirrel In just a few weeks after its launch, ($PNUT), has a value of $1.6 Billion.
Since Listing on Raydium The following are some of the most effective ways to improve your own effectiveness. November The $PNUT price at $0.075 has risen 2,046%, to $1.61. If If you had purchased it at its lowest price on the open market ($0.0318), you would have gotten a return of 5,099%.
Those Who bought $PNUT at the bonding curve before its Raydium Listing will give you a bigger return on your investment.
To Be listed on RaydiumTokens must reach $69k in market capitalization. When If you reach $12,000 in liquidity, it is deposited into your account. Raydium The fires burned.
Here’s How To Find The Next Gem Like PNUT On Pump.Fun
For those hunting for the next hot pump.fun token, the ‘about to graduate’ section in the advanced section of pump.fun shows users what’s in the imminent listings pipeline.
PumpThe fun launchpad tokens sold are all fair sales. There is no pre-sale or team allocation.
If More evidence is needed to prove the growing dominance Solana In the meme coin category, have a quick glance at CoinMarkeCap homepage:
Solana It is now the second-most valuable blockchain for smart contracts. Its Proof of stake and Proof of History technology are proving their worth as a scalable commercial solution, even though memes are primarily viral efforts that have no real value.
Robinhood And Coinbase Helped Boost Solana FOMO
Another A few things have helped Solana Over the past few days, there have been a number of incidents. Last week, Robinhood It has now reinstated several coins that were previously delisted, including Solana—it no longer thinks there is a danger that the formerly delisted need worry about the Securities The following are some examples of how to get started: Exchange Commission’s unregistered securities diktats.
In addition, Coinbase COIN50 launched its index to help institutions track the market easily. Eligible Institutions outside the US Canada The UK can trade this index.
Solana It is 6% weighted in the index. However, Solana Market cap as a percent of the total cryptomarket cap is 3.56%. 6% represents a position that is overweight. In In other words, if a business wanted to replicate COIN50 they would have to buy more than just the weight of the coin. Bitcoin Weighting is 50% Coinbase COIN50 index, while its actual dominance in total market capitalization is 59%.
Solana: Institutions Are Coming, With Sol Strategies And ETFs Smoothing The Way
Institutional Interest in Solana Financial advisors and asset management firms are adjusting their portfolios so that they allocate crypto within the 5% of assets typically reserved for alternative asset categories, or those considered high-risk and speculative.
On that, Anchorage Digital CEO and co-founder Nathan McCauley told the truth Washington Post last week, “The next wave of crypto adoption likely won’t be driven by crypto-native individuals, but by mainstream investors who prefer to access digital assets through their existing wealth management and financial adviser relationships.” Anchorage It is the only federally chartered cryptocurrency bank in the US.
Solana Along with bitcoin, it will be a top choice for investment portfolios. For For those institutions that do not wish to hold the digital assets directly, there are now publicly traded digital assets. Solana Holding company called Sol Strategies Direct investment is available in Solana and the network’s ecosystem. For For instance, it bought four validators last week in a stock-and-cash deal to acquire Cogent Crypto.
As The likelihood of a catastrophe increases as regulations become clearer Solana Since VanEck, the number of ETFs approved has increased substantially. Digital Assets Then, you can fire up the Solana ETFs start their journey with the first SEC submission June 27 2024.
And Since the Financial Times Report on July 26. VanEck Solana ETF’s success probably hinged on the outcome of the US presidential election:
Matthew Sigel, head of digital assets research at VanEck, confirmed on X that his company’s filing was a bet on a Trump victory. Legislation for crypto in Washington Could also resolve the issue. But There is a deadline for submitting your application March, “a lot of things need to change and they have to change quite fast”, said Tischhauser.
Solana Ecosystem Development Keeps Getting Stronger
Here’s a roundup of news from the Solana The space shows the improvements in protocol and adoption of the ecosystem:
The Breakpoint The 2024 conference featured advancements in ZK technology for Solana, which aims to reduce data storage costs and improve scalability. Firedancer This is a game changer in terms of future scalability. Cryptonews.com reported on an interview with Valkyrie Co-founder and Sol Strategies You can also find out more about the company by clicking here. Leah Wald Earlier this month,
The Solana Radar Hackathon attracted over 10,000 participants, highlighting the ecosystem’s vibrancy and innovative projects.
The Midwest Blockchain Conference emphasized Solana’s popularity among students and industry leaders, focusing on adaptable project development.
An Analysis of Solana’s decentralization revealed a strong validator distribution with 4,514 nodes, indicating a resilient network structure.
Challenges Priority fees are proposed to optimize transaction processing and reduce congestion on networks.
Diversification Is Key: Meme Coins For Your Portfolio
Pepe Unchained It is the first meme currency to have its very own name. Ethereum Layer 2 blockchain. It’s raised just shy of $36 million in ICO, which finishes in 24 days, so there’s no time to lose if you wish to contribute. The The project has raised $3.2 million in total since its launch. Friday. $PEPU may be the next Pepe.
The Ecosystem includes Pepe’s Pump Pad, Ethereum-focused Pump.fun where meme coins are launched by clicking on a few buttons.
The project is raising more than $1 million every 24 hours – whales can’t get enough of $PEPU, as this $67,319 buy attests. The The price of the $PEPU presale token increases every 12 hours. At the time of writing, the price is $0.012891.
Anyone The pulling power of the traction Pepe Right now, anyone interested in a brand in crypto should have a look at this. Elon Musk X post yesterday
Crypto All-Stars ($STARS) It is a meme-coin ecosystem that introduces a new concept of unified stakes for meme coins. The MemeVault Network The $STARS token allows meme coin enthusiasts to stake their tokens. However, to maximize returns, users must keep the token.
Crypto investors like what they see – the presale raise total so far is $4.2 million. $STARS sells for $0.0015806 and there’s only around 72 hours to go before the next price rise. A whale just bought $21,714 of $STARS.
Flockerz ($FLOCK) is ‘the people’s meme coin’. It The first meme coin to be run by token holders via its vote-to earn mechanism. Flockerz empowers its community – The Flock – to guide the project by voting on proposals and are rewarded for their participation. Flockerz The current price of $0.006053 is based on a $2.2 million raise and ends in two days.
FreeDum Fighters ($DUM) is a PolitiFi-focused coin that has raised more than half a million dollars for its revolutionary vote-to-earn take on the thrills and spills of the political campaign trail, all with tongue-in-cheek memeification.
You You can purchase the presales listed above in the Best Wallet app. The wallet’s native token $BEST is for sale exclusively to Best Wallet Users in a Private Sale
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