Solana Price Rises, Now at $101.25
The Solana price increased by 7% over the last 24 hours with a trading volume that surged almost 20%. This surge comes amid several recent developments for Solana, including a partnership with Abu Dhabi Free Zone for Web3.
Multiple Projects Emerging from Solana Blockchain
Many projects like Bonk Inu (BONK), Myro (MYRO), and Jupiter DEXe’s JUP token are growing on Solana’s blockchain. According to a user, the blockchain is being praised for enabling “access to the best of the best.” This growth has contributed to the rise in Solana’s price.
Solana’s Performance in the Crypto Market
Analysts indicate that Solana has outperformed Bitcoin this week, with price surging above $102. Key crypto indicators point to a bullish trend, and buying pressure could drive the price even higher.
Solana Price Outlook
The Solana price is rising due to increased buying pressure and could reach $107.92-$121.19. A decisive breach of $114.76 would confirm the uptrend. Conversely, a breakdown below $89.02 could bring a 33% drop from current levels.
New Kid on the Block: Smog
Building on recent successes on Solana, Smog promises a supercharged airdrop campaign to its community. The airdrop will require a Solana-compatible wallet such as Phantom. The project has also applied for a token update to CoinMarketCap.
Explore Alternatives to Solana
Smog promises big returns and a unique community experience. You can join their community on Twitter, Discord, and Telegram to stay updated on the latest news.
Hot Take: What’s Next for Smog and Solana?
It will be interesting to see how Smog and its airdrop campaign play out, as well as if Solana can sustain its growth and beat market expectations.
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