The post Solana and MATIC Holders Continue To Park Their Crypto In This New Viral Altcoin appeared on BitcoinEthereumNews.com.

A huge number of endorsers were attracted by the increases made in Solana and Polygon. But is this era over? After the recent Solana price recovery and encouraging prospects for Polygon, another one of the top trending altcoins, Rollblock (RBLK), is emerging with better promises. The rise and fall of the Solana price Solana was launched in April 2020 at an initial price of $0.9511. On the 6th of November, 2021, the Solana price skyrocketed to $260.06, which became its all-time high (ATH). This meant that it had increased by more than 15,000% within just a year. However, this success did not last because recently the Solana price decreased to an all-time low of $8.42, representing a loss of 96%. However dramatic this drop may appear though, the Solana price has been seen to show signs of hope for recovery. The Solana token currently trades at $120.64 up from its price during early 2023, hence registering a gain of about 669%. Subsequent predictions regarding Solana’s price in the coming years expect it to hit around $240 in 2024 and $400 in 2025. Polygon’s promising future amid regulatory challenges Polygon (MATIC), an Ethereum sidechain and layer two scaling solution, has grown impressively since its inception. The project initially launched as Matic Network and began trading at $0.004418 after its 2019 ICO. The price of MATIC remained relatively stable at a low price until 2021. It surged above $0.10 and eventually reached an ATH of $2.92 on the 27th of December in 2021. Currently, MATIC is priced at $0.4465. This is 84% down from its all-time high. Despite recent regulatory challenges, Polygon continues to attract significant enterprise adoption from companies like Starbucks, Nike, and Reddit. Future price predictions for Polygon estimate a potential high of $1.97 in 2024 and even $3.20 in…

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Filed under: News - @ August 6, 2024 9:12 am