Is Solana The Best Crypto To Buy For Altcoin Season? Experts May Have A Different Opinion
The post Is Solana The Best Crypto To Buy For Altcoin Season? Experts May Have A Different Opinion appeared on BitcoinEthereumNews.com. As the crypto world gears up for a resurgence of the altcoin season, Solana (SOL) has been among the top contenders for best crypto to buy, drawing investors to its speedy blockchain and growing ecosystem. Is Solana truly the top cryptocurrency to bet on this anticipated boom, though? While its low fees and scalability make it a favorite, other analysts feel that there are other altcoins that offer more upside or something unique. In this piece, we dive into Solana’s strengths, compare it with other top prospects, and learn what the analysts are saying regarding the largest opportunity of the altcoin season. Solana Looking For $215 Breakout as Institutional Demand Increases; Is SOL The Best Crypto To Buy Now? Solana (SOL) has risen to $150, a 10% weekly increase with trading volume jumping 32%. This follows steady recovery from the April low at $105, with the altcoin now hitting major resistance at $150. Technical analysts cite the formation of a morning star pattern above the 50-day EMA, with SOL potentially being pushed to $215 if it crosses the $163 level. Institutional investors are doubling their wagers on Solana as Galaxy Digital swaps $105 million of Ethereum positions for SOL. The action indicates more confidence in the Solana ecosystem, which recorded 1.49 billion transactions last month – 42 times Ethereum’s volume. JPMorgan estimates a Solana ETF will attract $6 billion inflows when cleared by the SEC and may ignite even further appreciation. Despite recent uncertainty, SOL remains a staking giant yielding 8.3% returns, three times Ethereum’s return. Analysts project year-end price targets of $212, with optimistic estimates of $482 as DeFi and NFT continue to rise in popularity. Near-term resistance at $150 may lead to consolidation prior to the next leg higher. How Remittix Is Bringing Much Needed Innovation To Cross…
The post Is Solana The Best Crypto To Buy For Altcoin Season? Experts May Have A Different Opinion appeared on BitcoinEthereumNews.com.
As the crypto world gears up for a resurgence of the altcoin season, Solana (SOL) has been among the top contenders for best crypto to buy, drawing investors to its speedy blockchain and growing ecosystem. Is Solana truly the top cryptocurrency to bet on this anticipated boom, though? While its low fees and scalability make it a favorite, other analysts feel that there are other altcoins that offer more upside or something unique. In this piece, we dive into Solana’s strengths, compare it with other top prospects, and learn what the analysts are saying regarding the largest opportunity of the altcoin season. Solana Looking For $215 Breakout as Institutional Demand Increases; Is SOL The Best Crypto To Buy Now? Solana (SOL) has risen to $150, a 10% weekly increase with trading volume jumping 32%. This follows steady recovery from the April low at $105, with the altcoin now hitting major resistance at $150. Technical analysts cite the formation of a morning star pattern above the 50-day EMA, with SOL potentially being pushed to $215 if it crosses the $163 level. Institutional investors are doubling their wagers on Solana as Galaxy Digital swaps $105 million of Ethereum positions for SOL. The action indicates more confidence in the Solana ecosystem, which recorded 1.49 billion transactions last month – 42 times Ethereum’s volume. JPMorgan estimates a Solana ETF will attract $6 billion inflows when cleared by the SEC and may ignite even further appreciation. Despite recent uncertainty, SOL remains a staking giant yielding 8.3% returns, three times Ethereum’s return. Analysts project year-end price targets of $212, with optimistic estimates of $482 as DeFi and NFT continue to rise in popularity. Near-term resistance at $150 may lead to consolidation prior to the next leg higher. How Remittix Is Bringing Much Needed Innovation To Cross…
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