Solana’s price is on the cusp of a significant breakthrough, having briefly touched $161.9 before retracing to $157.
According to analyst Ali Martinez, this movement may be indicative of an Adam & Eve pattern, hinting at a potential surge to $164. If Solana clears this resistance, a staggering 33% increase to $220 could be on the horizon.
#Solana might be shaping up for an Adam & Eve pattern, suggesting a potential rise to $164. If $SOL clears that resistance, we could see a 33% surge toward $220! pic.twitter.com/vAEl9GsK9D
— Ali (@ali_charts) August 23, 2024
In a notable development, a whale has acquired 28,717 $SOL ($4.56M) from Binance and staked it, as reported by @lookonchain. This move demonstrates significant confidence in Solana’s future prospects.
🚨 NEW: A whale has acquired 28,717 $SOL ($4.56M) from #Binance today and staked it, @lookonchain reports. pic.twitter.com/ez1acHCfmj
— SolanaFloor (@SolanaFloor) August 26, 2024
Solana Ecosystem Records Remarkable GrowthÂ
The Solana ecosystem is also experiencing remarkable growth, with its stablecoins market cap approaching $4 billion, a level not seen since October 2022.
🚨BREAKING: @Solana stablecoins market cap approaches $4 billion, the highest level in 682 days since October 2022. pic.twitter.com/qrjKVV2bSz
— SolanaFloor (@SolanaFloor) August 26, 2024
Moreover, Solana has surpassed all other layer-1 blockchains in Weekly Active Addresses, boasting an impressive 10 million users, dwarfing Bitcoin’s 2.8 million and Ethereum’s 1.8 million.
🚨 Breaking: @Solana surpasses all other layer-1 blockchains in Weekly Active Addresses.
– Solana: 10 Million
– Bitcoin: 2.8 million
– Ethereum: 1.8 million pic.twitter.com/PsjzeLxXL5— SolanaFloor (@SolanaFloor) August 26, 2024
In another testament to its growing dominance, Solana has emerged as the leading blockchain for NFT user adoption, with a commanding 35% market share. As Solana continues to break barriers and defy expectations, investors and enthusiasts alike are eagerly watching its next moves.
🚨 REPORT: @Solana surpasses all other chains, including Bitcoin and Ethereum, in weekly NFT blockchain user adoption.
– Dominance: 35% pic.twitter.com/YFbIWHJkSW
— SolanaFloor (@SolanaFloor) August 26, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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