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The Solana price has jumped by 12% in the last 24 hours to trade at $109.5 as of 2:33 a.m. EST.
According to analyst Kirito, who has 68k followers on X, Solana’s interaction with certain meme coins causes more adoption as it increases the usage of the chain. This prospect will likely contribute to a pump in the Solana price going forward, he said.
Cool to see that the $SOL founders know how to make their token pump. Their interaction with certain #memecoins causes more adoption and increases the usage of the chain and thus price. This is why I think Sol will go up more
I wonder what other chains will follow suit on this. pic.twitter.com/p6NEaAyXXk
— Thor | Kirito (@Thorshammergems) January 2, 2024
Solana Price Prediction
An in-depth analysis of 1-hour SOL/USDT charts reveals looming corrections on the Solana price. The Relative Strength Index indicator is moving south as it now crosses below the 50 mark, showing selling pressure on Solana.
The MACD indicator has also maintained movement in the red zone, showing bear pressure on Solana.
Volatility levels on the Solana price are currently high, as shown by the Bollinger Bands, which are currently far apart. This can be attributed to increasing trading activities that have seen the token’s trading volume jump by 12% within the last 24 hours.
SOL/USDT chart | Source: TradingView
However, on a long-term basis, the Solana price could be poised for a pump after the correction phase because of its surging TVL. Solana’s total value locked (TVL) increased by $1.2 billion in 2023, representing a pump of 560%, from $215 million on January 1 to $1.42 billion on December 31.
🚨 ANNUEL $SOL PROGRÈS TVL :
La valeur totale verrouillée (TVL) de Solana a augmenté de 1,2 milliard de dollars en 2023, affichant une croissance remarquable de 560 %, passant de 215 millions de dollars le 1er janvier à 1,42 milliard de dollars le 31 décembre. pic.twitter.com/ncTErfNLWr
— LAGCOIN (@Lagcoinfr) January 3, 2024
Meanwhile, as the Solana price risks a correction in the short term, Meme Kombat’s MK token is emerging as an excellent alternative for investors looking for tokens with explosive potential. The MK token presale has already secured $5.8 million of its $6.5 million target.
Solana Price Prediction: Is Meme Kombat A Better Pick?
Meme Kombat distinguishes itself by introducing an artificial intelligence-driven game arena that envisions epic clashes featuring renowned meme characters such as Doge, Shiba Inu, and Pepe. Engaging in battles, players can utilize the MK token, accessing fights generated by an algorithm during the ongoing presale.
$MK is reaching new heights and taking the #memecoin world by a storm. Buy into the presale now! https://t.co/2x2FvsuR61
— Meme Kombat (@Meme_Kombat) December 26, 2023
Capitalizing on long-term investment potential, participants stand to gain a substantial 161% annual percentage return.
Meme Kombat emerges as a compelling value proposition, integrating innovative gameplay, enticing buy-and-hold incentives, and the infectious allure of viral meme culture. The project’s distinctive fusion appeals to investors seeking a mutually beneficial nexus between meme culture and practical gaming applications.
Under the seasoned leadership of cryptocurrency gaming veteran Matt Whiteman, Meme Kombat’s founding team reinforces the company’s prospects while investors and gamers find appeal in the team’s creative play-to-earn gaming concept that seamlessly merges humor and purpose.
Demonstrating commitment to long-term sustainability, the team allocates half of the tokens to presales and the remainder to ongoing network maintenance.
Meme Kombat’s Fusion of Technology and Pop Culture
Positioning itself as a means for cryptocurrency investors to diversify holdings, Meme Kombat melds cutting-edge technology with popular culture to craft an immersive gaming experience.
The game’s mechanics and passive income possibilities attract attention, captivating both casual gamers and substantial liquidity providers. The imminent launch adds to the anticipation surrounding Meme Kombat.
The project stands poised to inspire passion and investment, offering a unique amalgamation of practical value and viral social interests. In the rapidly expanding gaming and web3 industries, Meme Kombat asserts itself as a formidable force with its inventive memes, AI-simulated gameplay, and enticing betting opportunities.
Experts like YouTuber Jacob Bury predict an a possible 10x increase in value upon the launch of the meme currency.
As a representative of the evolving business landscape, projects like Meme Kombat signify the dynamic nature of digital assets.
With 2024 holding tremendous potential for innovation and expansion, Meme Kombat epitomizes this wave of change. In line with this, and as the Solana price risks correction, Meme Kombat’s MK could be your go-to alternative.
Join the Meme Revolution: Explore Meme Kombat here
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