The post Solana Price Prediction: SOL Ready To Breakout Along With Avalanche And $0.0295 Altcoin Trending Globally appeared on BitcoinEthereumNews.com.

A $100,000 Bitcoin seems inevitable; alt-coin season is anticipated to commence as soon as Bitcoin experiences a course correction. Solana and Avalanche investors are set to reap the rewards of their patience, including Cutoshi investors, who have acquired a meme gem with massive upside potential. Combining the lucky cat with the ethos of Satoshi Nakamoto, Cutoshi is a meme token that holds widespread appeal after trending on X earlier this week. New All-Time Highs For Solana Appear Imminent Solana has been on a strong upward trajectory, recently approaching the $250 mark with an impressive 50% monthly upsurge. This price level represents the cryptocurrency’s level highest in over three years, underscoring renewed investor interest and market activity following dismal bear market lows. Alice Liu, head of research for CoinMarketCap, attributed this rally to several factors. Over the past seven days, Solana’s 10% surge has been driven by anticipation as Solana nears its all-time high of $260 from November 2021. Liu noted that momentum is building among traders eager to see Solana break this significant milestone, fueling a wave of positive sentiment. Additionally, open interest for Solana has surpassed $5 billion, illustrating Solana’s pull in the market. These developments position Solana as a standout performer in 2024. With strong fundamentals, surging market activity and growing excitement surrounding its potential to exceed previous records, Solana is increasingly solidifying its place in the ongoing “layer-1 wars” as a viable contender to Ethereum. Token Unlocks Leaves Avalanche Unperturbed Avalanche is making waves in the crypto market following the foundation’s recent unlocking of 1.67 million AVAX tokens, valued at $60 million. While token unlocks can increase supply and create price pressure, this release is unlikely to impact Avalanche’s market dynamics significantly, with Avalanche increasing over 11% this week. Alex Becker, a prominent crypto influencer, has highlighted…

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Filed under: News - @ November 24, 2024 1:19 pm