Solana (SOL) Predicted to Reach $300 in 2024 After Reversal
Source: Forkast News
The digital asset sector has seen several tokens change course on Thursday. The market had seen losses across the board to start the week, with a shift taking place yesterday. Solana (SOL) has been predicted to rise to the $300 level in 2024 after its stark reversal.
Over the last 24 hours, SOL has been up almost, according to CoinMarketCap. However, that asset had reached gains of 10% throughout the day. Overall, it has been in the green over the last week and could be setting the groundwork for an ascension that would deliver an all-time high for the asset.
Source: analyticsinsight.net
Also Read: Solana Price Prediction: How High Can SOL Rise This Weekend?
Solana (SOL) May be Poised for 60% Jump Through the Rest of 2024
Just a few months in, 2024 has proven to be a crucial year for the digital asset sector. However, it has also proved to be increasingly volatile; perhaps no month shows that better than March. During this month, Bitcoin rose to $73,000, an all-time high landmark, and fell as low as $63,000.
However, the declines that plagued the market at to start of this week have seemingly reversed. Moreover, one asset that has reversed fortune immensely has been Solana (SOL), which could be eyeing a $300 price in 2024. Specifically, the token is up a remarkable 698% on the year, with 76% gains coming in the last month alone.
To increase, the asset would need to climb another 66% from its current $180 level and set all-time marks. Considering the market state this year, that appears to be a hefty goal, but several factors work in the asset’s favor.
Source: analyticsinsight.net
Also Read: Can Solana (SOL) Hit $250 In April?
Firstly, the network has benefitted from the recent meme coin mania dominating the market. Assets like Dogwifhat (WIF), Book of Meme (BOME), and Bonk (BONK) have brought renewed excitement to SOL.
Additionally, the upcoming Bitcoin Halving Event should play a key role. As has long been the case with digital assets, BTC leads the way. The rising tide has carried other tokens this year, which should continue during the highly anticipated April occurrence.
Finally, the network as a whole has been the subject of much intrigue from the market. CoinGecko recently revealed that 50% of global investors are interested in the Solana network. For context, the second-highest blockchain in the survey was Ethereum, with a mere 12%. These ideas should be crucial in helping SOL surpass $300 quite handily by the end of the year.
Ripple XRP Weekend Price Prediction
Ripple XRP is among the most promising crypto coins in the cryptocurrency sector. The token has been battling an intense legal battle with the SEC. Despite its ongoing war with the US financial giants, the token has largely remained unfazed and has gathered significant community support in the meantime.
However, its sluggish price ascent has been a cause for concern among investors. Per CoinMarketcap, XRP has risen 8% in the last month compared to its contemporaries, who have been climbing and breaching new all-time highs.
The token is up 4% at press time, sitting at $0.6043, fueling hopes for a sharp price rebound in the coming weeks.
Also Read: XRP Mirrors Silver: A Bullish Surge Awaits, Predicts Analyst
XRP: When Will It Hit $1?
The XRP community is dubbed one of the most loyal crypto communities in the market. The token’s fans have been reeling in hopes that XRP will soon catch up to its pace and match it with other leading crypto giants.
The XRP candlestick chart has also been projecting a positive price ascent of the token. Egrag Crypto, a notable XRP enthusiast and expert, has predicted its sharp price rise in the near future.
Also Read: Cryptocurrency: 3 Coins Under $10 For Long-Term Profits
“The historical data reveals two crosses between the Yellow Line (20 SMA) and Blue Line (50 SMA). A) If this resembles Cycle ‘A’, then we could expect a rapid and aggressive price surge, akin to a rocket ship-style pump.”
#XRP 🚀 Is This Similar to 2017, or Are We Witnessing Something New?
The historical data reveals two crosses between the Yellow Line (20 SMA) and Blue Line (50 SMA).
A) If this resembles Cycle 'A', then we could expect a rapid and aggressive price surge, akin to a rocket… pic.twitter.com/o8PVCqJP14
— EGRAG CRYPTO (@egragcrypto) March 19, 2024
However, the analyst later noted that XRP may break into a new trend altogether.
“However, if this aligns more with Cycle ‘B’, then we have likely surpassed that scenario, as there are no evident similarities in the patterns between the 20 SMA and 50 SMA. Alternatively, this might be something entirely new and unexpected.”
Analysts at Coincodex have different opinions. Based on the current market pace of Ripple, CoinCodex forecasts XRP to hit $1 by the end of 2024.
“XRP is forecast to trade within a range of $0.422731 and $1.690632. If it reaches the upper price target, XRP could increase by 181.61% and reach $1.690632.”
XRP Weekend Price Prediction
Similarly, while the $1 milestone might be a little far to reach at the moment, Ripple may soon hit new price thresholds. Per CoinCodex, the token can breach the $0.65 price mark by March 26, 2024.
“The XRP price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these XRP projections, XRP will be changing hands at $0.684793 on March 28, 2024, gaining 12.31% in the process.”
Similarly, the platform later adds that the current market momentum for Ripple is currently neutral.
“According to our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 78 (extreme greed). XRP recorded 16/30 (53%) green days with 7.05% price volatility over the last 30 days.”
Pikamoon To Launch Before The Next Crypto Bull-Run
Source: Pikamoon
The cryptocurrency market saw a massive spike in funds and investor sentiment over the last few weeks. Bitcoin, the largest crypto asset by market cap, hit a new all-time high, surpassing the $73k mark. Although the market is witnessing a correction, the peak of the bull run is yet to arrive. Pikamoon (PIKA) is a new crypto project that is creating a buzz in the crypto community and aims to take investors to the moon during the next bull run.
Pikamoon (PIKA) is a GameFi token with deflationary attributes. The project was conceived in November 2022 with a bold vision to revolutionize the web3 space. It made its debut in the cryptocurrency industry with a presale that attracted investors from around the world. The event culminated in sales of over $1 million during its last week.
Pikamoon (PIKA) is now getting ready to launch on several significant cryptocurrency exchanges. The asset will soon be available on leading exchanges Bitget, MEXC, and Uniswap. The listings will bring PIKA to thousands of investors, thereby pushing adoption.
Let’s explore the journey that turned Pikamoon from a lofty project into a cryptocurrency industry rising star.
Pikamoon (PIKA) brings a new dimension to web3 and play-to-earn gaming
Pikamoon is entirely community-driven, with no external VC or institutional backing. This approach ensures that early backers, who believe in the project’s vision, are at the core of the decision-making process.
Furthermore, all three founders have been doxxed, hence, proper safety and security measures are in place. New traders and investors in the crypto realm often get scammed by investing in projects where founders have not been doxxed. However, that is not the case with Pikamoon.
While existing metaverses like The Sandbox and Decentraland have laid the groundwork, Pikamoon aims higher with a AAA-grade standard. The project is building a metaverse, unlike anything we have seen before. The name of their metaverse is “Pikaverse.” Users will be greeted with gorgeous visuals, immersive experiences, thrilling battles, and an epic storyline. Furthermore, the project offers amazing play-to-earn opportunities. Pikamoon also includes a premier P2E experience.
Tokenomics
Pikamoon ($PIKA) is the native crypto of the Pikaverse. It is a deflationary GameFi coin with real value and utility. Users can spend $PIKA in the in-game marketplace on luxurious items in their quest to navigate the Pikaverse. Users can complete missions to earn $PIKA and level up their avatars.
The project has a supply of 50,000,000,000 tokens in circulation. Moreover, the Pikamoon token is designed for the long-term sustainability of the project. Moreover, developers don’t want it to be used as a quick flip for early investors.
Pikamoon incorporates a small 2.5% transaction tax on Sell orders & Transfers. There is no buy Tax when purchasing $PIKA. The Pikamoon token is used to support the metaverse and marketplace, therefore developers want to reward hodlers of Pikamoon by punishing those leaving the ecosystem. 1% of the tax will go towards marketing, 1% towards the ecosystem development fund / P2E Rewards, and 0.5% burned forever.
To learn more about Pikamoon, visit their website, read their whitepaper, or join their Telegram channel and Discord server. You can also visit their social media handle on X, Instagram, Reddit, or visit their YouTube channel.
DISCLAIMER: THIS IS A SPONSORED POST
