Solana’s Bullish Comeback Sparks Buzz With 2,500% Surge Projection
22 Outubro 2024 - 6:00PM
NEWSBTC
Is Solana crypto ripe for a possible huge price rally? Some market
analysts believe it does, seeing that the crypto is moving in a
favorable pattern. Investors and traders are now paying attention
to Solana after an impressive comeback, allowing the digital
currency to once again hit a two-month high. Related Reading:
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Solana Set For A Historic Price Rally Several analysts predicted
that Solana could gear up for an exponential price rally after the
crypto successfully rebounded from a slump in August. According to
their computation, the cryptocurrency’s price could skyrocket by
over 2,500%, saying that from its current price of slightly over
$170, Solana is on track to reach the $4,500 level. It is a huge
growth that excites crypto traders and enthusiasts alike. The
forecast was made after Solana clawed its way back to the $171 mark
in the last 11 weeks, the highest it has attained since August 1.
Traders argued that the digital currency’s impressive recovery
indicated that its price could go up further, saying that it is
gaining momentum, and a 25-fold price hike is possible. Although
some market observers agree that Solona’s price is moving on an
upward trajectory, they are a bit pessimistic about the 2,500%
surge, offering a much more conservative estimate for the hike.
According to CoinGecko, a price increase of $450 from the current
$171 is more reasonable than massive growth being floated by other
analysts. Hey bud do you mean $450? — CoinGecko (@coingecko)
October 21, 2024 A Whale Took Advantage Of The Peak Lookonchain
reported that a whale took advantage of when Solana hit a high of
$164 and sold a huge chunk of crypto. According to the smart money
tracker, the prominent whale traded $3.86 million worth of digital
currency or the equivalent of 22,726 SOL — a move considered to be
typical of a whale who usually buys when the market is down and
sells when the price hits its peak. A smart whale sold 22,726
$SOL($3.86M) at a price peak 3 hours ago. This smart money always
buys $SOL at low prices and sells at highs. He currently holds
20,000 $SOL($3.33M), with a total profit of over
$2.5M!https://t.co/e3Pgb1aMQq pic.twitter.com/n3AbKFpf24 —
Lookonchain (@lookonchain) October 21, 2024 At press time, this
whale still owns about 20,000 SOL or equivalent to $3.33 million.
The whale’s total profit is estimated at over $2.5 million. Another
Bright Spot Meanwhile, another crypto firm has adopted Solana in
its platform, a positive development for the SOL coin. Robinhood
Crypto announced yesterday that it has enabled Solana in its
platform, allowing users of the platform in the European Union to
transfer the said digital currency. Crypto transfers for $SOL are
now available on Robinhood Crypto! Withdraw & Deposit #SOL, and
earn with a 1% deposit rewards bonus on the app (valid until 30
November) . Terms apply. Get started:
https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/UZFXToTqZJ
— Robinhood Crypto EU (@RobinhoodCrypto) October 21, 2024 Related
Reading: Ethereum Holders On The Rise: Accumulation Addresses
Double Since January 2024—Report The platform joined the list of
many firms that support the use of Solana crypto. To entice its
users to transfer their SOL currency, Robinhood Crypto offered its
users a 1% deposit bonus on the app. Solana becomes an addition to
Robinhood Crypto product offerings which now include buying and
trading over 35 cryptocurrencies in the app. Also, its users can
bankroll their Solana crypto within the platform and get a 5.23%
annual yield. Featured image from Pexels, chart from TradingView
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