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 any goods, services or content mentioned in the press release.

Now that Solana is one of the only cryptos in the top 10 of the crypto market that is making a convincing recovery, many investors are wondering what the near future looks like for the Solana price. What will Solana do?

Solana (SOL), together with Toncoin (TON), is the only crypto that was able to make a significant recovery in recent days. Solana rose 10.21% over the past 7 days while Toncoin rose 8.26%.

Solana Price Chart (7 Days) – Source: CoinMarketCap

These increases took place at a time when the world’s largest crypto, Bitcoin (BTC), suffered a loss of almost 4%. Ethereum (ETH) also lost almost 2% over the past week.

The main reason behind this recent rise, according to crypto analyst Matthew Dixon, CEO of Evai, comes from the ‘five-wave’ pattern that can be found on the chart of Solana. According to Dixon, the recent dip was necessary to stabilize the price of Solana, so that it could then prepare for a rise.

Now that the price is in the upward movement of this ‘wave’ pattern, a sustained rise could occur that could take Solana towards $188 according to crypto analyst Dixon. That would be an increase of more than 30% from its current value of $144.

Solana price prediction – What will Solana do?

The RSI is once again confirmation that Solana has started his recovery. After being below 24 on June 24, it managed to rise to above 70 on Friday morning. This is a clear signal that the buying momentum of the Solana price is increasing rapidly.

The rest of Solana’s technical indicators are also currently giving positive signals. For example, the MACD histogram gives a buy signal with a value of -5.06.

The Solana price has moved above $144 on its recent gains, as well as above its 10-day, 20-day, and 200-day EMAs. This is once again confirmation that Solana can maintain an uptrend in the short term.

If Solana is able to maintain this upward trend, it will face resistance at $150 and $152. If the price rises past these resistance levels, we can look at Dixon’s predicted $188.

If the current uptrend turns into a downtrend, the SOL price may face the new support at $142, followed by supports at $140 and $128.

The near future certainly looks optimistic for Solana. One external factor that could help is the behavior of the Federal Reserve.

A drop in interest rates can have very positive consequences for the memecoin market. Because Solana, as a blockchain, has now been responsible for the launch of many successful memecoins, an interest rate reduction could also help the SOL price rise sharply.

Lower interest rates cause investors to transfer more funds to riskier investments such as crypto and memecoins, because ‘safe’ investments such as the dollar are no longer so attractive at that time.

Is Pepe Unchained a better blockchain for memecoins?

Solana has recently been responsible for memecoins such as Dogwifhat (WIF) and Bonk (BONK), but these two major memecoins have lost almost half of their value over the past month.

A possible cause of these declines is the relatively more expensive and slow transactions on the Solana blockchain. Newer blockchains such as Base but also Pepe Unchained have recently been able to realize much lower transaction costs and much faster transactions.

PEPU is the first memecoin Layer 2 solution and has therefore received the necessary attention from the crypto community.

Below we will therefore discuss Pepe Unchained in more detail, but also PlayDoge, as these are two of the most promising new crypto projects at the moment.

Pepe Unchained (PEPU) – Eerste memecoin Layer 2-blockchain ter wereld

Memecoins are still investments that can yield big profits, but most meme coins that are on a Layer 1 blockchain nowadays face problems such as slow and expensive transactions. This is exactly why Pepe Unchained was created. Pepe Unchained should be the released version of the well-known and well-performing Pepe coin.

Pepe Unchained is launching its own Layer 2 blockchain to provide memecoin investors with fast and cheap transactions, making it the world’s first memecoin Layer 2 solution. This blockchain also offers users double staking rewards and extra Pepe.

The staking rewards of Pepe Unchained are impressive. At the moment, almost 100 billion PEPU tokens are already locked at an APY of over 1,600%. The project has also reserved 30% of the total token supply for these staking rewards. In addition, 20% of the token supply is reserved for the presale that is still in full swing.

The Pepe Unchained presale quickly confirmed the popularity of this new and unique meme coin, raising over $1.1 million in just a few days and quickly moving through its various phases. With each new phase, the PEPU token will also increase in price, meaning that interested investors only have a short time to take advantage of the current low price of $0.0081288 per token. Tokens can be purchased using BNB, ETH, USDT and credit card.

Visit Pepe Unchained Presale

PlayDoge (PLAY) – New P2E memecoin develops remake of well-known Tamagotchi game

PlayDoge is a new P2E meme coin that is working on a remake of the famous Tamagotchi game. Tamagotchi was one of the most played games in the 90s and it is therefore no surprise that this project immediately received a lot of attention. Users can care for a virtual pet at PlayDoge as before. In the case of PlayDoge, the virtual pet is the iconic Doge meme.

Users will have to care for and train their pet before using it in mini-games. These minigames use side scrolling 8-bit 2D graphics, just like other popular 90s games such as Super Mario Bros and Sonic. When users win mini-games, they are eligible to receive PLAY tokens. In addition, users who rank well on the leaderboard are able to earn additional PLAY tokens.

However, the mobile game is not the only way to earn PLAY tokens. Users are also able to lock up their PLAY tokens in the platform’s robust staking system. Users who lock up their purchased tokens now will be eligible for an APY of up to 122%.

The PLAY token is currently in its presale phase, a presale that quickly turned out to be a great success. In a very short time, more than $5.2 million has already been raised, bringing the presale close to its next goal of $5.7 million. At that time, the current price of $0.00513 per PLAY token will increase to $0.00514. Tokens can be purchased via ETH, BNB, USDT and credit card.

Visit PlayDoge 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/2024/06/29/wat-gaat-solana-doen-crypto-analist-voorspelt-sol-koers-rally-naar-188-na-etf-aanvraag/



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