Solana Price Prediction: SOL Surges 10% After VanEck Says It May 100X By 2030 - And Here's Another Coin That May Skyrocket

Solana Price Prediction: SOL Surges 10% After VanEck Says It May 100X By 2030 – And Here’s Another Coin That May Skyrocket

ByEvans Karanja

Updated: 31 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Solana price surged 9.7% within 24 hours, reaching $35.93 as at 1:05 a.m. EST.

This increase follows a prediction made by fund management titan VanEck that SOL could potentially experience a 100X price increase by the year 2030.

Van Eck has just come out with a research report predicting a $SOL price in 2030 anywhere between $10 and $3,211.

What is your price prediction? 🤔 pic.twitter.com/7hOf6ZJxZw

— Coin Bureau (@coinbureau) October 28, 2023

This has brought the daily trading volume for SOL to $15.07 billion, representing a 144% increase in the past day.

Solana Price Might Encounter Short-Term Correction At $36.63

SOLANA/USD Chart Analysis: Source: Tradingview.com — SOLUSD Chart Analysis: Source: Tradingview.com

SOL has experienced a surge, as evidenced by the sustained and consistent upward trajectory on the chart.

This momentum pattern was initiated by the head and shoulders pattern at the $17.53 support zone. This pattern indicates a shift in the bullish trend, allowing bullish traders and investors to enter the market.

The price has convincingly crossed the 50-day and 200-day moving averages, effectively breaking through the $24.94 resistance level. This level also coincides with the neckline of the previously formed head and shoulders pattern.

The moving averages serve as immediate price support, affirming the persistence of the bullish trend. Additionally, the confirmed crossover of the 50 SMA over the 200 SMA could attract more buyers.

Solana: Potential to Reach $45 by Late Q4 2023

The relative strength index (RSI) demonstrates upward momentum as the price bounces back from the 50-level mark to 82. This indicates significant buying pressure within the price range of $21.42 to $36.63.

The bulls encountered resistance at $36.63; nevertheless, the bullish momentum persists as buyers remain committed to recovering their losses.

They find support from both the RSI and the 50-day and 200-day Simple Moving Averages (SMA), providing the bulls with the impetus to drive the price higher with the goal of reaching new highs around $45 in Q4 of 2023.

On the contrary, bearish traders may view the correction as an opportunity to minimize their losses, potentially pushing the price down to the $29.08 support zone.

In the meantime, BTCMTX is gaining attention with its successful presale project and attractive stake-to-mine program.

BTCMTX Presale: Buy Now Before Stage 4 Ends!

As we approach the end of stage 4 with just 2 days left, the BTCMTX Bitcoin cloud mining platform draws substantial interest from presale investors. Participants will secure up to 77.5% of the total token supply.

The Bitcoin Minetrix (BTCMTX) presale has already secured over $2.8 million in funding. Currently in its fourth presale stage, BTCMTX has amassed a substantial sum of $2,801,060, surpassing 60% of its soft cap goal.

#BitcoinMinetrix is now in Stage 4! 🪙 pic.twitter.com/QNRIzrauTf

— Bitcoinminetrix (@bitcoinminetrix) October 28, 2023

The presale project offers BTCMTX tokens at the current price of $0.0113 per token. However, as the presale advances toward its soft cap target of $3.385 million, there is potential for the token’s price to increase, keeping in mind that the hard cap for this project is set at $15 million.

BTCMTX boasts a total token supply of 4 billion. In the first phase of its roadmap, 42.5% is allocated to fund Bitcoin mining endeavours, while 35% is designated for launching the Bitcoin Minetrix platform and its associated initiatives.

A 15% portion is reserved for rewarding community participation, and 8% is allocated for BTCMTX staking rewards until the full development of the Bitcoin Minetrix cloud mining platform is achieved.

Buy BTCMTX, Stake, Get Rewards, Win $3000 Airdrop

BTCMTX has introduced an inventive stake-to-mine strategy, merging cloud mining with token staking. Presently, there are 199 million tokens staked, delivering a remarkable Annual Percentage Yield (APY) of 208%. The current reward for each block is 158.5.

Discover the thriving world of #BitcoinMining, with industry growth projected to hit $12 billion by 2027! 🚀

At #BitcoinMinetrix, we're making mining accessible and secure for everyone through innovative cloud mining and staking methods. pic.twitter.com/memJbYnqle

— Bitcoinminetrix (@bitcoinminetrix) October 29, 2023

There is an opportunity to accumulate extra BTCMTX tokens. Staking for mining credits will become accessible with the app’s launch, and your staked tokens will produce mining credits, ultimately boosting your earnings from Bitcoin cloud mining as you put them to use.

Participate in the thrilling BTCMTX $30,000 Minedrop airdrop competition to be one of ten lucky winners to receive $3,000 worth of BTCMTX tokens.

Cilinix Crypto, a YouTube reviewer with 34.2k subscribers, explains how to purchase and stake BTCMTX tokens. He offers valuable insights into this presale opportunity and is actively invested in it.

To engage in the presale and stake BTCMTX tokens, you can use ETH, USDT, BNB, or even a bank card. All you need to do is connect your wallet to the BTCMTX website, purchase through the presale widget, and ensure you have enough ETH or BNB to handle the associated gas fees.