Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
The crypto market is off to a good start this week, and Solana in particular. The trading volume of this crypto has increased by about 70%. Solana leads all increases this week as the biggest crypto climber. Many investors are therefore wondering what the future will bring and whether these increases will continue. They therefore wonder: can Solana become 1000 euros?
In this article we will discuss these questions in more detail and make an analysis of the Solana price. We will also mention some other coins that could possibly rise along with Solana.
Solana price analysis – Can Solana become 1000 euros?
The Solana price has gone through an interesting period in the past week. There have been large increases, but also large decreases. Since the beginning of February, Solana has started to rise significantly, reaching a local high of $208 on March 18.
After the local high, a correction took place. As a result, the Solana (SOL) price fell by about 75 percent in a few days to about $160. But after this Solana almost immediately found itself in new rises again. The price rose back to $190 within a day on March 21. This turned out to be short-lived, as a subsequent retracement caused the price to fall back to below $175.
The Solana price is currently rising slowly again. At the time of writing, the cryptocurrency is trading at $194.84. This is very close to $200, which is a key resistance level for Solana. If Solana manages to stay above this resistance, then Solana can expect a very bullish period.
The past few weeks have been a bit turbulent for Solana, but if we look back further, the coin is doing very well. The Solana price has risen by almost 90% in the past month. This means that SOL is more than 800% in the green over a period of one year.
Solana (SOL) price chart for the past month. source: CoinGecko
Crypto has therefore performed very well in recent months. This is mainly due to Bitcoin (BTC). This most famous cryptocurrency recently reached an all-time high of $73K. After this, Bitcoin went into a correction, but it now seems to be rising constantly again. This is likely in anticipation of the upcoming Bitcoin halving in April.
If we look at Solana’s technical indicators, we may be able to say more about the future. The RSI is currently at 65, giving a neutral buy signal. However, Solana’s Moving Averages indicate something completely different. These all send a strong buy signal, suggesting that Solana can certainly continue to rise in the short term.
Solana meme coins boost SOL
We’ve also been in a meme coin mania for the past month. All meme coins, mainly on Solana, have made big gains. This could be a key part of Solana’s return to $200.
The activity on the Solana network can also help you climb to $200. Solana therefore defeated Ethereum in network activity in March. This, together with all the other aspects mentioned above, could allow Solana to reach its previous all-time high of $260.
To answer the question: can Solana become 1000 euros? That remains difficult in the short term. This increase will be unprecedented for an established crypto. Yet it is within reach, especially if the Solana blockchain continues to gain popularity among traders.
For increases of x100 or perhaps x1000, investors may want to look at other options. We have selected a number of interesting options below.
Biggest crypto gainers in the short term
Some investors are looking for the biggest short-term crypto gainers. These are often new crypto coins that have yet to post their first rallies. This is often accompanied by a high risk/reward ratio, but these types of tokens have created new crypto millionaires many times before. We have made a top 4 here with new, potential, biggest crypto risers.
Green Bitcoin ($GBTC) – New sustainable crypto ready for exchanges
Green Bitcoin ($GBTC) is a new project that will perfectly capitalize on the enthusiasm surrounding Bitcoin. This makes it come out at the perfect time. The idea behind this coin is to offer a sustainable variant of Bitcoin.
Green Bitcoin runs on the Ethereum network, and this is not without reason. It uses the Proof-Of-Stake system instead of the Proof-Of-Work system. As a result, significantly less energy is used during transactions, making $GBTC a sustainable variant of Bitcoin.
The project has also developed the Gamified Green Staking model for users. By discontinuing $GBTC, investors not only get passive income, but also have the opportunity to make extra profit by correctly predicting the Bitcoin price. If the prediction is correct, the APY for staking will increase.
This project has a sustainable idea with an additional income opportunity for investors. This makes it very popular with the crypto community, which is reflected in the presale. More than $9 million has already been raised. So don’t be late!
Buy $GBTC Here
Bitcoin Minetrix ($BTCMX) – New crypto with revolutionary cloud mining protocol
Since Bitcoin’s first big rises, mining it has been a very lucrative activity. However, it is currently very difficult for private individuals to implement this efficiently. Large mining pools take all block rewards and therefore all profits. Bitcoin Minetrix ($BTCMTX) is going to change this.
This is done with their new, revolutionary, cloud mining protocol. With the help of this system, Bitcoin Minetrix wants to bring Bitcoin mining back to private individuals. The system works with a Stake-to-Mine mechanism and it works as follows:
Users can stake their purchased $BTCMTX and receive cloud mining credits. These non-tradeable ERC-20 tokens can be burned for ‘Bitcoin cloud mining power’. This ensures that in addition to a passive income, users also get a share in Bitcoin mining by staking their tokens.
That this project has a lot of potential, which is evident from the successful presale. More than $12.5 million has already been raised for the project. Many investors see their mining future in this project. Do you see this too? We will then refer you to the official website.
Buy Here $BTCMTX
eTukTuk ($TUK) – Sustainable crypto develops the Tesla for developing countries
eTukTuk ($TUK) is a new sustainable crypto project that also wants to provide help to developing countries. As a result, it wants to solve two social problems at the same time, which is a very ambitious plan. But if this works, this cryptocurrency would certainly become one of the biggest crypto risers.
It’s all about the eTukTuk, an electric variant of the well-known tuktuk. The tuktuk is the most used means of transport in developing countries, but it has a polluting two-stroke engine. By replacing the current tuktuk with the eTukTuk, emissions from the transport sector will be significantly reduced.
The project will also support the integration of the eTukTuk in the relevant countries. They want to finance and design the charging infrastructure. The $TUK token will become the native token within this ecosystem. For example, drivers will only be able to charge their eTukTuk by paying with the $TUK token.
Owning $TUK tokens therefore means supporting climate action and development aid. The $TUK token can also become lucrative by staking as the project grows. The $TUK token is currently available in a presale, so the price will never be lower than it is right now. So take maximum advantage of the latest crypto trend now.
Buy $TUK Here
5th Scape ($5SCAPE) – New crypto for the gamers
5th Scape ($5SCAPE) is a new token that will mainly appeal to gamers. It is a project that will combine VR with crypto. In addition, it also comes with an interesting ecosystem where developers are supported and encouraged.
The project is based on an ecosystem where VR games are developed. They will also sell VR headsets and AR gaming chairs. The first games are expected in the second quarter of 2024.
$5SCAPE will become the native token within the 5th Scape ecosystem. The moment a user chooses to use $5SCAPE for payments within the ecosystem, he can expect big discounts. $5SCAPE can also be staked for passive income.
The presale of the token recently started. The presale is now in its third phase and more than $2.5 million has already been raised. This shows that there is a lot of enthusiasm for this project. Are you a crypto enthusiast and a gaming enthusiast? Then this is the perfect project for you!
Buy $5SCAPE Here
Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.
Source: https://cryptobenelux.com/2024/03/28/solana-grootste-crypto-tijger-deze-week-is-70-adtv-toename-voorteken-van-verdere-stijging-kan-solana-1000-euro-worden/
