CryptoMediaClub
Tuesday, July 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Solana Price Forecast: Development Activity Soars by 11% – Is SOL Heading for $300? 

13.10.2024
A A
0
122
VIEWS
ShareShare

Over the past 24 hours, the Solana price seems to have found its footing following yesterday’s hotter-than-expected inflation data, escaping with a 1.02% gain.

Meanwhile, a major 10.7% surge in development activity reaffirms strong long-term sentiment for Solana.

Despite a rough week, today’s growth has secured a gain for Solana since last Friday, up 0.5%. While other leading cryptocurrencies remain in the red, Solana has recovered quite quickly.

Indeed, the altcoin appears to be gaining traction, with a 13.21% surge in trading volume to $1.85 billion over the past 24 hours.

Development Activity Surges 11%: Is Solana Still the Go-To?

According to data from on-chain & social metrics firm Santiment, Solana is “gaining on the ultra-competitive competition” within the blockchain space.

The first week of October saw Solana emerge with a notable +10.7% rise in GitHub events, far surpassing its closest competitors.

Although both Arbitrum and Avalanche showcased positive growth at 5.2% each, Solana’s rise is significantly more pronounced.

Solana ecosystem development vs other blockchains. Source: Santiment.
Solana ecosystem development vs other blockchains. Source: Santiment.

This insight solidifies Solana’s position as the preferred destination for new blockchain ideas and decentralized applications (dApps), serving as a testament to the platform’s long-term potential.

As more developers choose to build dApps, test new features, and deploy the overall functionality of the blockchain on Solana, the platform’s native token SOL stands to benefit from increased adoption.

Solana Price Forecast: Is SOL Heading for $300?

Upon closer inspection, these strong fundamentals seem to bolster technical indicators that reinforce a positive outlook for Solana long-term.

SOL/USDT 1W chart, cup & handle pattern. Source: Binance.
SOL/USDT 1W chart, cup & handle pattern. Source: Binance.

Most significantly, the formation of a cup and handle pattern since late 2021 favors a bullish continuation of Solana’s long-term price appreciation, representing a temporary pause in a prevailing uptrend.

Currently, Solana remains bound within the channel forming the handle, consolidating before its next move under the weight of the current uncertain market sentiment.

As the crypto market wanes under geopolitical tensions and subpar U.S. economic data this month, a bullish breakout seems to have been put on hold. Weak momentum cautions a retest of its lower resistance.

Following a brief run in positive territory, the Relative Strength Index (RSI) has reassumed a bearish lean, just below the neutral line at a stable but concerning 48.

Although inflows appear to be up this week, with the Chaikin Money Flow (CMF) reading a positive 0.037, it has yet to provide a significant enough boost to alter this new downtrend.

However, it seems credible that the Solana price may find this momentum prematurely as it approaches the 50SMA, a strong support level thus far. Therefore, holding above $138 seems crucial for an early bail-out and a refocus on the pattern’s upper resistance.

Upon a breakout of this pattern, eyes will be set on new all-time highs with a price target of up to $400. With mass adoption and other fundamental catalysts stacking in its favor, the Solana price could go much higher.

This Early Opportunity Has Higher Gains Potential

While Solana’s fundamentals appear bullish, their full impact may not be realized in the near term.

Therefore, strategic investors might find it advantageous to diversify into newer low-cap meme coins with exponential growth potential.

One such coin is Flockerz ($FLOCK), the vote-to-earn meme joining the push toward decentralized governance, addressing the common criticism of meme coins being overly centralized.

Behind every strong meme coin is a stronger community intrinsic to its value. So why do these communities get sidelined in decision-making?

Flocktopia, the DAO of Flockerz, aims to correct this imbalance, and the meme coin community has already shown its support, raising nearly $600,000 in its presale!

All roads lead to Flockerz. Vote-To-Earn is going to change the way meme coins empower their community. pic.twitter.com/cqf1jaNPZJ

— Flockerz (@FlockerzToken) October 5, 2024

With this decentralized structure, members of “The Flock” can influence key aspects of the project, including new features, development, token burns, marketing strategies, and growth initiatives.

Under Flocker’s vote-to-earn system contributions do not go unnoticed, those who participate in decision-making earn rewards in $FLOCK tokens.

But the rewards don’t stop there! Investors are currently enjoying one of the biggest passive income opportunities right now, boasting a lucrative 2,956% APY.

While the market wanes amidst recent volatility, The Flock continues to rake in consistent gains!

Join The Flock on X and Telegram to stay up to date on the latest announcements.

Check Out $FLOCK Here

The post Solana Price Forecast: Development Activity Soars by 11% – Is SOL Heading for $300? appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

All news

PayPal Expands Crypto Payment Acceptance in U.S.

29.07.2025
0

PayPal introduced a solution enabling American merchants to accept payments in over 100 cryptocurrencies with conversion to fiat or the...

Read moreDetails
US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

29.07.2025
Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

29.07.2025
Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

29.07.2025
Interactive Brokers Mulls Stablecoin Launch to Serve Users

Interactive Brokers Mulls Stablecoin Launch to Serve Users

29.07.2025
Load More
Next Post
‘Off the Grid’ Battle Royale Shooter Takes Gaming by Storm, Built on Avalanche Blockchain

‘Off the Grid’ Battle Royale Shooter Takes Gaming by Storm, Built on Avalanche Blockchain

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

THORswap back online 6 days after halt over detecting FTX funds

THORswap back online 6 days after halt over detecting FTX funds

2 years ago
Mt. Gox-Related Bitcoin Alert Not to Blame for BTC Price Drop?

Mt. Gox-Related Bitcoin Alert Not to Blame for BTC Price Drop?

2 years ago

This is the Latest Crypto Exchange to Add Support to Shiba Inu (SHIB), BONE, and LEASH

2 years ago
NEIRO, MEW Rally in the Past 24 Hours as Flockerz Hits $500K in Presale – Next 10x Meme Coin?

NEIRO, MEW Rally in the Past 24 Hours as Flockerz Hits $500K in Presale – Next 10x Meme Coin?

10 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

Interactive Brokers Mulls Stablecoin Launch to Serve Users

Crypto Price Prediction Today 28 July – XRP, Solana, Dogecoin

BlackRock’s ETHA becomes 4th-largest ETF by 30‑day inflows as Ethereum funds aim for $10B

South Korea’s Biggest Parties Roll Out Stablecoin Bills, Clash on Interest Payment Plans

Trending

Global stablecoin searches hit all-time high with Washington leading traffic
Analysis

Global stablecoin searches hit all-time high with Washington leading traffic

29.07.2025
0

Stablecoin search interest reached an all-time high this month, days before the White House signed the GENIUS...

PayPal Expands Crypto Payment Acceptance in U.S.

29.07.2025
US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

US Seeks to Claim $2.4M Bitcoin Seized from Chaos Ransomware Group

29.07.2025
Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

Tron Inc. Registers $1B in Securities to Pivot Into TRX-Focused Crypto Treasury

29.07.2025
Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

Bitcoin ETFs Log Third Day of Gains as Ethereum Inflows Hit 17-Day Streak

29.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz