Solana Price and Market Status
Solana price continues to rise, reaching $93.96. Trading volume has increased by 35%, and the coin has surged, overtaking XRP and briefly surpassing BNB.
Warnings Against FOMO
Santiment warns that the soaring social volume can lead to a price correction as people suffer from FOMO or fear of missing out, so be cautious.
BitMex Co-founder Switches to Ethereum
BitMex co-founder Hayes switched from Solana to Ethereum, expecting Ethereum’s price to hit a new all-time high of $5,000.
Founder’s Prediction and Warning
Solana founder, Yakovenko, dismissed claims that Solana is an Ethereum killer, insisting that both ecosystems can coexist and that the two projects should not be pitted against each other.
Risk of Overbought Situation
The RSI screams overbought, and the Awesome Oscillator and MACD for SOL are still in the positive territory, hinting at a potential further climb in Solana price.
Alternative Cryptocurrencies
Looking into promising alternatives such as YPRED and LPX, both of whom have high potential for winning trades, could be a good strategy.
YPRED: AI-Based Renaissance in Trading
YPRED is a token powering yPredict, an AI-based ecosystem that gives trading signals in real-time and is currently in the presale stage.
LPX: Consumer-focused Project
LPX is the token for Launchpad XYZ’s ecosystem, ideal for investors looking for the next profitable trade and is currently on sale in the presale.
Hot Take
Considering alternative cryptocurrencies with high upside potential such as YPRED and LPX can provide you with opportunities to succeed in trading.
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