{"id":561442,"date":"2023-11-19T14:35:04","date_gmt":"2023-11-19T14:35:04","guid":{"rendered":"https:\/\/ktsl888.com\/?p=561442"},"modified":"2023-11-19T14:35:04","modified_gmt":"2023-11-19T14:35:04","slug":"solana-price-rises-above-60-with-these-altcoins-also-bullish","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/company\/solana-price-rises-above-60-with-these-altcoins-also-bullish\/","title":{"rendered":"Solana Price Rises Above $60 With These Altcoins Also Bullish"},"content":{"rendered":"
After a brief pullback, the Solana price has begun rallying again, currently trading at $61 and up 8% in the last 24 hours. This comes as the broader market also pumps, but Solana is coming out on top among the leading ten cryptos by market cap.<\/p>\n
Solana\u2019s price has exploded 3x in since September, climbing from $20 to $61 today. However, these gains are even more impressive considering the broader market’s comparatively lackluster rally.<\/p>\n
While the market has undoubtedly done a U-turn from its bear market lows, Ethereum is up around 20% since Solana did a 3x, and Bitcoin is up less than 50%.<\/p>\n
This indicates that the true bull market is yet to arrive, making Solala\u2019s gains a true spectacle and hinting at further room for growth.<\/p>\n
The recent pump is due to a collection of new fundamental advancements coupled with an uptrend continuation and buyers rushing before the next potential leg up.<\/p>\n
On-chain activity for Solana is thriving, with its top NFT project, Mad Lads, recently seeing a 56% price increase in one week, according to data from SolanaFloor<\/a>.<\/p>\n Meanwhile, the chain is also seeing rampant meme coin activity, with market participants seemingly opting for Solana’s low fees to execute their degen trades.<\/p>\n X commentator Puddles<\/a> summarised why liquidity might be cycling into Solana meme coins, comparing it to the 2022 Ethereum NFT boom, followed by an explosion of Solana NFT popularity.<\/p>\n <\/p>\n Meanwhile, Data from DeFiLlama<\/a> shows that Solana\u2019s total value locked (TVL) and active addresses have seen a significant uptick recently. This indicates a rekindling interest in the chain and may be followed by a monumental increase similar to in 2021.<\/p>\n <\/p>\n However, the main narrative that brought Solana to this point is that it retained its vibrant developer community despite a drastic selloff from its all-time high (ATH). This attests to the strongly held conviction of devs and investors in Solana.<\/p>\n The chart below illustrates this, showing the number of developer commits remained relatively flat despite its poor price action.<\/p>\n <\/p>\n Consequently, the project\u2019s ecosystem was able to continue expanding, keeping it alive and laying the pathway for its recent pump.<\/p>\n While Solana is evidently on a tear, analysts are backing other projects that could outperform it. The reasons these other projects look bullish are robust fundamentals, market trends, and current prices.<\/p>\n Cardano is following Solana\u2019s upward trajectory, pumping over 5% in the last 24 hours. However, it currently holds much more room for growth, given it has pumped 54%, whereas SOL is up 156%.<\/p>\n <\/p>\n The Cardano community has recently become notably active on social media, topping polls for which crypto could pump next.<\/p>\n For instance, analysis and education provider Real Vision posted a poll<\/a> on X about which crypto will perform best in 2024, with ETH, SOL, ADA, and LINK as the options.<\/p>\n ADA took the lead, with 58% of over 7,000 voters choosing the project. Yet community support is not the only thing giving Cardano potential.<\/p>\n Analyst Cardano YODA<\/a> noted that Cardano\u2019s TVL is exploding, while rival chains like Solana, Ethereum, and Avalanche are seeing a \u201cdip or slight rise.\u201d<\/p>\n The last factor driving Cardano\u2019s price potential is that the upcoming crypto bull run will push market participants to seek Ethereum alternatives with lower fees.<\/p>\n Ultimately, Cardano could come out on top in this race because, as well as lower fees, it also boasts robust decentralization and security. In contrast, many other scalable layer 1 blockchains like Solana and Avalanche are notably more centralized.<\/p>\n TG Casino<\/a> token\u00a0 is a promising new GambleFi presale backed by analysts as the next token to explode.<\/p>\n The crypto casino industry is currently surging, with its total market cap around $800 million and the broader casino market being valued at $263 billion. This presents tremendous growth potential, and TG Casino is on the cusp of the industry\u2019s innovation.<\/p>\n <\/p>\n TG Casino is a Telegram-native application tapping into the prevalent Telegram crypto trend while providing users with considerable benefits.<\/p>\n For example, it is much easier to access than other crypto casinos and is available to Telegram\u2019s one billion users.<\/p>\n The project is also KYC-free, and users do not need an account. Instead, they can simply connect their wallets and gamble anonymously. This is complemented by Telegram\u2019s end-to-end encryption.<\/p>\n Furthermore, TG Casino boasts security features like an audit from Coinsult<\/a>, and it is one of the only licensed and regulated Telegram casinos.<\/p>\n Meanwhile, the $TGC token provides countless benefits like free rewards, access to exclusive games and rooms, 25% cashback on losses, and a 220% staking APY.<\/p>\n Its presale has fared massively successful, raising $2.5 million in seven weeks. What\u2019s more, top analysts like Eric Cryptoman<\/a> back it to explode after its IEO.<\/p>\n Visit TG Casino Presale<\/strong><\/a><\/p>\n Kaspa is an emerging cryptocurrency that has recently topped CoinMarketCap\u2019s trending list after surging over 200% in the last month. It has also fared as one of the top-performing cryptos the past year, pumping over 2,000%.<\/p>\n <\/p>\n However, analysts are backing Kaspa for significantly more upside potential. Currently, it holds a $3 billion market cap. This renders it a mid-cap project, providing room for growth while removing some risk associated with newer small-cap cryptos.<\/p>\n Kaspa\u2019s hype is driven by a novel use case, tackling the blockchain trilemma through a technology called \u201cBlockDAG.\u201d<\/p>\n Essentially, Kaspa is a scalable layer 1 blockchain that can compute multiple blocks simultaneously through its innovative blockchain architecture. It leverages a Proof-of-Work consensus mechanism, which is often deemed more secure and decentralized than Proof-of-Stake, which most new blockchains use.<\/p>\n The project\u2019s notoriety is quickly ramping up, with the team recently announcing<\/a> that it will be listed for futures trading on Binance.<\/p>\n3 Other Bullish Altcoins<\/h3>\n
Cardano<\/h3>\n
TGC Token<\/h3>\n
Kaspa<\/h3>\n