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The crypto market started the month of May poorly and Bitcoin even fell below $60,000 on May 1. However, Solana is one of the biggest losers from the crypto market’s recent setbacks, with the token already down nearly 30% over the past month. However, a well-known crypto expert now predicts that the Solana price will rise to $500.
Solana is currently one of the best performing blockchains within the memecoin market, but therefore also seems to suffer from some volatility. The blockchain started very well this year and even managed to reach a peak at $210 in March. However, since then the price has suffered significant declines again and has fallen below $140.
However, Altcoin Sherpa, a well-known crypto expert, expresses his optimism about Solana’s future price movements. Altcoin Sherpa expects SOL to prepare for a crazy rally before the end of 2024. In a recent X post he indicates that he sees the SOL price rising towards $500 before the end of this year.
He does mention an area of ​​’interest’ at the $120. This means that the SOL price could fall even further in the short term before it starts its significant rally later this year.
Solana price forecast – Will Solana rise?
Although an increase towards $500 seems quite optimistic given the current value of the Solana price around $138, a lot seems possible for the Solana blockchain based on the technical indicators.
SOL Price Chart and Rising RSI – Source TradingView
The RSI has started to rise towards 60, which appears to indicate an increase in the buying momentum of the Solana price. In addition, the MACD histogram now also gives a buy signal with a value of -7.29.
Now that the Solana price has recently started to rise again, the price is also starting to creep above a number of its moving averages. Currently, the SOL price is above both the short-term 10-day SMA and the long-term 200-day SMA.
It therefore appears that the SOL could stage a significant rally in 2024. However, there is a chance that investors will have to accept declines in the short term before the price rises back towards its 2024 high around $210 towards the end of the year.
When the SOL price rises significantly, there are more parties that can benefit. It is the Solana memecoins that can benefit from the success of the Solana blockchain. For that reason, we discuss three of the best memecoins of the moment below.
Sealana (SEAL) – Latest Solana memecoin that could go viral
Sealana is an excellent example of a Solana meme coin that can benefit from the future success of the Solana price. Solana memecoins have previously shown that their performance is closely related to the performance of the SOL price and increases of hundreds of percent are always possible in this sector.
Sealana has a seal as a mascot who sits behind the computer all day and plays World of Warcraft. With this, Sealana hints at the World of Warcraft character of South Park. This humorous mascot immediately led to a lot of virality and attention.
Sealana uses a send-to-wallet airdrop system and interested investors can easily participate in the presale of this project. All they have to do is transfer SOL tokens to Sealana’s wallet address. They will then receive SEAL tokens in their wallet when the presale is completed.
1 SOL token currently gives you 6,900 SEAL tokens. That equates to approximately $0.019 per token, depending on the current SOL price. Users are also able to connect their wallets to Sealana’s presale website to purchase SEAL tokens.
Visit Sealana Presale
Dogeverse (DOGEVERSE) – Unique alternative to Dogecoin is in the middle of a successful presale
Dogeverse is a new memecoin that is developing a unique alternative to the well-known Dogecoin. By developing its Dogeverse token on multiple blockchains, it can form a multi-chain alternative to Dogecoin. For this reason, the DOGEVERSE token is available on the Ethereum, Solana, Polygon, BNB, Base and Avalanche blockchains, among others.
This means that investors can enjoy the best features and benefits of their favorite blockchains. In addition, the Doger funds can easily be moved across the various blockchains. The Dogever project also indicates that it can count on better liquidity and can therefore offer cheaper and faster transactions.
With a maximum token supply of 200 billion tokens, there is a limit on the number of tokens that enter circulation. By combining this with a staking mechanism, the project hopes to develop a deflationary token that will increase in value over time. There are significant rewards to be had to encourage users to stake. At the moment there is even talk of an APY of above 80%.
The presale of Dogeverse is once again confirmation of how many investors believe in the future of this project. This presale already managed to raise more than $13.2 million in a very short time. Within this presale, DOGEVERSE tokens cost $0.000305 each, but this price will increase further when the presale enters its next phase.
Visit Dogeverse Presale
WienerAI (WAI) – New memecoin combines worlds of AI crypto and memecoins
WienerAI is a new presale token that creates virality by combining the worlds of AI crypto and memecoins. Like many meme coins, WienerAI uses a dog as a mascot, but in the case of WienerAI this is a ‘wiener’ dog that has been influenced by AI.
The backstory of WienerAI describes a scientist who is working on the creation of the ultimate AI companion in the year 2132. Due to an accident, he accidentally mixed the DNA of a hot dog into his creation and this created WienerAI.
This project’s native WAI token can be staked for significant rewards. At the moment there is even talk of an APY of above 1,000%. Although this percentage will decrease as more tokens are secured, early investors will be able to realize nice profits.
WienerAI’s presale has already raised more than $900,000. WAI tokens currently cost $0.000703 each, but this price will increase when the presale enters its next phase. Tokens can be purchased via ETH, BNB, USDT and credit card.
Visit WienerAI Presale
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/2024/05/04/bekende-crypto-expert-voorspelt-gaat-sol-koers-stijgen-naar-500-dit-jaar-en-welke-solana-memecoins-liften-mee/
