Solana Price Prediction – SOL down 5.4% in 1 day

Solana price expectation is currently bearish, SOL continues to hover around the $13.50 level on Thursday after hitting $14 on Wednesday. Earlier this week, the price was around $14.40 before falling 5.5%, and some traders are wondering if it’s time to buy into the dip.

SUN sets – Source: TradingView

Solana Price Prediction – The next step for SOL

SOL is currently receiving support at its 21-day moving average near $13.50, but it remains risky to bet on Solana in the current bearish cryptocurrency market. SOL is currently still lower than it was before the crash of the FTX crypto exchange when it was around $38. Traders are worried about the future of the blockchain project, as it had links to the collapsed exchange and its sister company, Alemeda Research.

SOL is down 65% from its pre-FTX crash highs.  Source: TradingView
SOL is down 65% from its pre-FTX crash highs. Source: TradingView

Until the uncertainty about the future of the Solana Prize (including financial support) becomes clearer, SOL’s sentiment may swing back and forth. If the price falls below the 21-day moving average, it could move below the November lows of $11.

SOL bears could cause a dip below $11 – Source: TradingView

However, if the market can withstand more risk in the coming weeks, especially from US inflation and interest rate hikes, SOL could remain above its 21-day moving average and move further towards the strong resistance near the $19 mark. This resistance has been a strong resistance since the first half of 2021 and after this resistance the $26.50 resistance comes into play.

Major Long-Term Resistances for SOL - Source: TradingView
Major Long-Term Resistances for SOL – Source: TradingView

Rebuilding Solana DeFi after FTX Serum DEX crash

Before FTX’s collapse in early November, Serum — started in 2020 by FTX and Alameda, among others — was an important central source of liquidity for the Solana ecosystem. Serum’s private keys were stored in FTX and after the collapse of the stock exchange, Solana had to be separated from Serum and Solana’s Total Value Locked (TVL) plummeted.

Developers are rebuilding. Users of the ecosystem have moved on to a version of Serum, without FTX and Sam Bankman-Fried, called ‘OpenBook’. “The evolution from Serum to OpenBook has been amazing to watch,” Solana co-founder Anatoly Yakovenko told the cryptocurrency press. “The community acted quickly and publicly to reinstate Serum, to lead it on a safer path with decisions coming from the community itself.” he said, adding that “OpenBook is a good, practical example of decentralization.”

OpenBook has already accumulated about $2.7 million in TVL according to DeFi Llama. That’s nothing compared to Serum before the FTX crash, which had over $100 million in TVL, but it’s certainly a good start.

Before the FTX crash, Solana outperformed Ethereum in certain areas

Aggregate data from crypto analytics firm Nansen indicates that Solana performed well in the third quarter of 2020 despite the bear market. “Solana’s average daily transactions remained above 200 million through the third quarter of 2022,” the company said in a Twitter post.

Solana “Operates as one of the most diverse ecosystems of dApps, despite being a non-EVM blockchain, due to its fast transactions and low fees.” Nansen said. If Solana’s ecosystem can endure in today’s uncertain market, it can secure its status as one of the strongest blockchains in the industry and make a big comeback in the coming years.

Altcoins with faster gains

Over the past week, the cryptocurrency market has fluctuated a bit back and forth. Investors are starting to look at new alternatives that can provide more in the short term, especially pre-sale crypto tokens are currently very promising. Below we have a number of presale tokens, each with a solid foundation, an experienced team, a good use case and a demonstrable interest in the project.

Dash 2 Trade (D2T)

For investors interested in investing in a brand new crypto trading platform that will help users avoid another FTX crash, Dash 2 Trade is a good option. The platform wants to turn the world of crypto trading upside down with its analytics and social indicators.

Dash 2 Trade includes:

  • Social media sentiment analysis and on-chain analysis
  • A scoring system for presales
  • A strategy backtesting tool
  • Token list signals
  • A thriving community of active traders

With the platform’s native token, D2T, you as a user can access the platform’s many functions and tools.

The token is currently on sale in the fourth and final phase of the presale, which is the last chance to buy the token at a lower price of $0.0533. The pre-sale has already raised over $9 million, with $400,000 in the last 24 hours alone. The dashboard will go live shortly after pre-sale as the team is ahead of the game in development.

Dash 2 Trade was recently added on CoinCodex as the 3rd best presale token in 2022

Visit the Dash 2 Trade Presale here

IMPT – 2 days left for pre-sale

Investors looking for a sustainable crypto to make money while helping the planet should look into IMPT. IMPT.io’s platform, together with thousands of partners worldwide, will ensure that carbon credits can be easily and efficiently traded via blockchain, so that everyone can lower their carbon footprint.

IMPT’s tokens are being sold at $0.023 each in the second phase of the presale, which ends in just two days. Shortly after the end of the presale, the token will be added to Uniswap, LBANK Exchange and Changelly Pro at a higher price. IMPT has already raised more than $15.6 million in pre-sales, which began in October.

IMPT has also been added to CoinCodex as the best presale token in 2022

Visit the IMPT Presale here

Calvary (RIA)

Calvary is a new play-to-earn trading card game that, unlike older games in the industry, is free to use. For example, new users do not need to invest in cryptocurrency to join the game. With this, the Calvaria team hopes to accelerate cryptocurrency adoption.

In the game Calvaria: Duels of Eternity, players can compete against each other by building decks with their non-fungible token (NFT) cards and using strategies to win and earn. With the native token, RIA, the trading cards can be bought and traded on the in-game marketplace. Holders can also lock tokens to earn more tokens and participate in the decision-making of Calvaria’s Decentralized Autonomous Organization (DAO).

The RIA token is currently on presale at 1 USDT per 30.77 tokens. Calvaria’s presale has raised over $2.36 million and is now in its final phase, with 23% of the presale tokens still available.

Visit the Calvaria Presale here

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