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The Solana price has surged 7% over the last 24 hours to trade for $101.25 as of 1:10 a.m. EST time on trading volume that jumped almost 20%.
It comes amid a recent flurry of developments relating to Solana. For starters, the foundation has recently berkolaborasi with Abu Dhabi Free Zone for Web3 push.
Lain #pencapaian from Abu Dhabi Global Market (ADGM) ⬇
Dengan #enrollment of #IOTA dan baru #kemitraan with the Solana Foundation, ADGM is showing once more its #commitment to fostering growth and advancement in the #aset digital industri.
Dengan memanfaatkan #keahlian... pic.twitter.com/NJi84LNtGU
— Unlock Blockchain (@unlockbc) Februari 7, 2024
Elsewhere, the Solana Foundation has called for proposals to drive the development of open-source security tools for Solana.
1/ Request for Proposals Announcement: The Solana Foundation is looking for proposals to drive development of open source security tools for Solana.
Three RFPs include:
– Pre-Deployment Program Analysis
– Post-Deployment Monitoring Tooling
– Program VerificationMore & apply👇
— Yayasan Solana (@SolanaFndn) Februari 7, 2024
Nevertheless, the main driver behind the surge in the Solana price is the multiple projects sprouting from its blockchain. Among them, Bonk Inu (BONK), Myro (MYRO), and Jupiter DEXe’s JUP token, with one user lauding Solana for showcasing and enabling “access to the best of the best.”
1/ 🚀 Excited about investing in #solana projects but overwhelmed by the options? Let’s talk about the importance of curated projects and how Solsender ensures you’re accessing the best of the best. #Solsender #Blockchain pic.twitter.com/XGxlaL7tkR
— SolSender (@solsender_) Februari 7, 2024
According to Santiment analysts, Solana is one of the few altcoins that have managed to outperform Bitcoin this week.
📈 #solana adalah satu dari sedikit # pecahan mengungguli #Bitcoin minggu ini, muncul kembali di atas $102. Dalam 36 jam terakhir, $ SOL / $ BTC adalah +4.5%. Pemadaman listrik yang mengkhawatirkan para pedagang pada hari Senin berakhir menjadi titik terendah lokal, dengan #FUD memicu rebound harga ini. https://t.co/lUC0DBS5B3 pic.twitter.com/1NTk5R4QBj
- Santiment (@santimentfeed) Februari 8, 2024
Solana Price Outlook As
The Solana price is consolidating along an ascending trendline. This is part of a recovery rally after SOL slipped below the confines of an ascending parallel channel. With the Simple Moving Averages (SMAs) inclined north, this is the path with the least resistance.
The Relative Strength Index (RSI) is also above the 50 level, with both the Moving Average Convergence Divergence (MACD) and Awesome Oscillator (AO) in positive territory. These add credence to the bullish thesis.
Increased buying pressure could see the Solana price extend the climb into the supply zone between $107.92 and $121.19. A decisive breach of its midline at $114.76 would confirm the continuation of the uptrend.
This could see the Solana price flip the supply zone into a bullish breaker, before tagging the $126.36 blockade. In a highly bullish case, the Layer 1 (L1) token could extend the climb to $140.00 psychological level. Such a move would constitute a 40% climb above current levels.
TradingView: Grafik 1 hari SOL/USDT
On the flip side, increased seller momentum could see the Solana price lose support due to the ascending trendline. A decisive breakdown, confirmed by a close below $89.02 would invalidate the bullish thesis. This could see the Solana price roll over to the $68.03 support. Such a move would denote a 33% drop below current levels.
Meanwhile, new Solana-based meme coin Asbut exploded onto the meme coin scene on Feb. 7 with a 1,288% pump on launch.
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Alternatif Menjanjikan Untuk Solana
Smog, making its debut via the Jupiter DEX, promises the mother of all airdrop campaigns, building atop the success of recent breakout launches on Solana such as Myro, Bonk, and Dogwifhat.
Selamat Datang di #ASBUT, noble adventurers! 🐉✨
The time has come for a grand ceremony under the watchful gaze of the dragon! 🏰
Terbesar #MATAHARI #Acentrop in history, where loyalty is rewarded with treasures as radiant as the treasures of gold. 💰🔥💎
Let the quest begin! 🔍 pic.twitter.com/22npUXx2Z5
— ASAP (@SMOGToken) Februari 6, 2024
The project is committed to igniting sensational success with a supercharged airdrop campaign.
Taklukkan #Crypto dunia dengan #ASBUT, yang perkasa #Memecoin reigning supreme! 🔥🐉
Ready yourself for the greatest upcoming #Acentrop in history, earn points, and stand alongside the dragon as it incinerates all foes! 💰🔥$ASMOG Is Now Live! 🚀https://t.co/1rMhrwmIqQ pic.twitter.com/Cu0KxHe2yj
— ASAP (@SMOGToken) Februari 7, 2024
The project’s tokenomics contain an allocation for the airdrop as Smog community members have access to the greatest Solana airdrop in history. In order to participate in the SMOG airdrop campaign, traders will need to use a Solana-compatible wallet such as Phantom. The project is also likely to go live on CoinMarketCap soon.
📢@Coin MarketCap We have applied for a token update/listing (846804)🐉🔥
— ASAP (@SMOGToken) Februari 7, 2024
Use SOL, USDT, or BONK tokens to swap for Smog via the Yupiter DEX aggregator or mata burung. Take on the challenge of completing the community task list on Zealy to increase your chances of being selected for the Loyal Chosen. This also helps you increase your airdrop earnings.
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Join the Smog community on X (Twitter), Discord, dan Telegram to stay tuned with the latest news and updates. You can also explore the Kertas Lite untuk mengetahui lebih lanjut.
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- Diaudit Oleh Coinsult
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- Hadiah Staking – Lebih dari 50% APY
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- Sumber: https://insidebitcoins.com/news/solana-price-prediction-solana-price-surges-7-while-new-sol-meme-coin-smog-explodes-onto-the-scene-with-1288-pump