SORA Validator Token (VAL) Price Surges After SORA Blockchain Network Release 2.1.0
The price of SORA Validator Token (VAL) has increased by nearly 300% in the past month, currently trading at $0.2263. This surge comes after the release of version 2.1.0 of the SORA blockchain network, which introduced the ‘Pool SORA Synthetics’ feature.
Breakout from Descending Parallel Channel
VAL broke out from a descending parallel channel around the time of the V2 launch. However, confirmation of this breakout occurred on October 8 when VAL surpassed the $0.1500 level after an initial unsuccessful attempt. With investors speculating about a lucrative presale coin, the next target for VAL may be $0.5000.
Sora Builders Program for Developers
The Sora ecosystem is currently running the Sora Builders Program, which provides support to developers looking to deploy new and unique projects on the SORA network. Through this program, developers can receive financial backing in XOR for novel projects designed from scratch, as well as project incubation and development support.
TBDC Stablecoin and Bullish Fundamentals
The Sora ecosystem also includes TBDC (Token Bonding Curve Dollar), a stablecoin that operates seamlessly within the Token Bonding Curve (TBC). These positive developments on the Sora network in September have contributed to the bullish fundamentals that are now benefiting VAL holders in October.
Solid Validator Token Price Prognosis
The price of Solid Validator Token has the potential to continue rising and surpass the range high at $0.3043. The Relative Strength Index (RSI) indicator currently at 74 suggests bullish momentum, as long as it remains above the 70 level. The Moving Average Convergence Divergence (MACD) indicator in the positive zone further supports the bullish thesis. If buying pressure increases, the price of Solid Validator Token could reach the target of $0.5000, representing a 110% increase from current levels.
Possible Pullback and Alternative Investment
If profit-taking occurs, Solid Validator Token may experience a pullback below the $0.1500 level. Further downward movement could result in a fall below the $0.1000 psychological level or a return to the descending parallel channel by flipping the $0.0627 support floor into a resistance ceiling. A break and close below the $0.0627 level would invalidate the bullish outlook. In terms of alternative investments, TGC is a promising token associated with TG.Casino, offering great returns during its presale.
Hot Take: Consider Investing in TGC During Its Presale
TGC is a powering token behind TG.Casino, one of the leading Telegram casinos in the market. With almost 70% of its soft cap target already raised, TGC presents an opportunity for investors to buy at rates as low as $0.125 during its presale. Unlike other cryptocurrencies used on TG.Casino, TGC provides access to incredible rewards through staking and holding the token. While there is no specific timeline for the presale, once the hard cap is reached, it will close. Staking your TGC tokens can lead to earning incredible rewards.
By
By
By