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Solana has continued negative trends in the last 30 days and traded in red. $SOL dropped by 7% in the last 24 hours, CoinMarketCap data says.
Exchange platforms suggest an increased distrust in this crypto because of the series of scandals involving the blockchain. The ratio of long to short positions dropped significantly from 4 to 2.5, signaling a radical shift in sentiment.
Solana's fall came after the crash of LIBRA - A Solana-based meme coin that lost most of its value after the Argentinian president Javier Milei endorsed and, shortly after, disowned it. The project is accused of insider trading, while Milei faces fraud charges. After this, numerous other Solana-based meme coins dipped, including MELANIA, Harry Bolz, and Vigilante.
Still, Solana is recording some wins, marking a full year without an outage. Despite some short-term pessimism, Solana still has a bright outlook. Let's see what Solana's price predictions say.
Asset manager VanEck predicts Solana could reach $520 by the end of the year. The price could result from an increased share of the smart contract blockchain market. CoinCodex predicts a $SOL increase by the end of February, with a potential surge of 17%.
Solana price predictions from Changelly show buy signals. According to them, the $SOL price could hit $206.63 by the end of the year.
Currently, Solana's key support levels are at $181.99 and $178.50. If $SOL fails to keep trading at these levels, its price might fall below $170, triggering further panic selling. If $SOL breaks past $181.99, it could move to the next resistance levels at $196.11 and $204.42.
Whether this happens or not, one thing is clear. Solana entered an uncertain stage, and potential volatility is ahead. If you don't want to buy $SOL because of these uncertainties, here are some alternatives to consider.
By combining Solana and Ethereum, Solaxy builds a blockchain to resolve Solana's pain points. Solaxy builds a cheap, fast, scalable blockchain without network congestion or failed transactions. The blockchain is perfect for high-volume trading and dApps development.
If you don't want to use Solaxy for these, you can stake your $SOLX coins and earn passive income. The current APY is 182%.
Solaxy presale has raised over $22.2 million in funding. The project is raising $500k on average daily and could be the next crypto to explode. If you want to invest, hurry and get $SOLX before the upcoming price increase.
BTC Bull could be the best Bitcoin alternative. With this project, you don't have to buy $BTC to own it. The only thing you should do is buy $BTCBULL. When Bitcoin reaches key milestones, all investors will receive Bitcoin airdrops.
Further, with every $BTC price increase, BTC Bull will burn some of its tokens, decreasing supply and increasing price. Lastly, all investors can earn passive income when they stake $BTCBULL. The current APY is 200%.
Bitcoin Bull has raised over $2.3 million in its presale. The project could explode with the upcoming Bitcoin price increases, so if you want to invest, hurry and get $BTCBULL for less!
MIND of Pepe, an AI agent with its autonomous X account, wallet, and blockchain, reshapes the public space, influences discussions, and spots new crypto trends. The project taps into two powerful niches and has raised over $6.5 million in its presale.
All presale buyers can stake their $MIND coins for a 350% APY and get a terrific source of passive income. Further, all investors access exclusive new tokens on Telegram before anyone else.
The project is among the best crypto presales now, and if you want to potentially get 100x ROI on your investment, hurry and invest in $MIND now.
If you don't want to invest in Solana because of the uncertainty surrounding it, Solaxy, BTC Bull, or MIND of Pepe are great choices. These projects are on presales, and you can get them for less. But their potential is massive, and these cryptos could explode with the first exchange listings and bring you terrific ROI.
Hurry and get them before their prices increase with the upcoming presale stages.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
