Top Analyst List Factors that Will Push Solana (SOL), RCO Finance (RCOF), and Dogecoin (DOGE) to Double-Digit Gains
The post Top Analyst List Factors that Will Push Solana (SOL), RCO Finance (RCOF), and Dogecoin (DOGE) to Double-Digit Gains appeared on BitcoinEthereumNews.com.
The crypto market has been on a rollercoaster ride this year. However, some analysts believe that select altcoins are poised for substantial growth in the coming months. In a new report, top industry experts have identified three cryptocurrencies –– Solana (SOL), RCO Finance (RCOF), and Dogecoin (DOGE) –– that they expect to deliver double-digit gains for investors. Let’s dive into the specific factors and insights from the analysts that support this bullish outlook. Solana DEXs Surpass Ethereum in On-Chain Volume As Analysts Remain Bullish Solana’s decentralized exchanges (DEXs) have recently overtaken Ethereum in on-chain volume, signaling a significant shift in the Web3 landscape. Ethereum has traditionally dominated this space, but new data from DefiLlama shows that Solana has taken the lead. In July, Solana’s DEXs processed an impressive $54 billion monthly volume, surpassing Ethereum’s $52 billion for the first time. This milestone highlights Solana’s growing influence and efficiency within the decentralized finance (DeFi) ecosystem, challenging Ethereum’s long-held supremacy. However, despite this achievement, Solana’s price has been facing challenges. According to Coinmarketcap, SOL has dropped by 27.50% over the past week and is currently trading at $149.86. Some analysts remain optimistic about Solana’s future, noting that it has received bullish support after hitting the $120 support region. They predict that SOL could rise to $160 in the coming weeks, although others are more cautious, pointing to increased liquidations that could drive the price down to $100. RCO Finance Pioneers the Future with Cutting-Edge Trading and DeFi Offerings RCO Finance is propelling the decentralized finance (DeFi) sector forward with innovative solutions for traders and investors. As a platform built on Ethereum, it leverages crypto AI to deliver superior trading solutions. The RCOF token has attracted significant interest during its presale phase. This token is the platform’s currency, facilitating trading over 120,000 global…
Filed under: News - @ August 10, 2024 3:06 pm