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The Solana price surged 11% in the last 24 hours to trade at $83.06 as of 7:03 a.m. EST with trading volume rocketing 106% to 4.06 billion.
SOL hit a 20-month high to overtake XRP as the 5th-largestt cryptocurrency by market capitalisation, a feat attributed to its flourishing DeFi ecosystem and the excitement surrounding meme coins.
As investors rush to discover the next meme coin with the potential to transform modest investments into substantial gains, they commonly acquire Solana as the base asset before exchanging it for their preferred meme coin. Each time they sell the meme coin back into Solana, they effectively trigger a surge in buying pressure.
The Solana Price: Bulls Poised For Further Gains
The Solana price has demonstrated resilience, indicating a consistent upward trend. Bulls successfully breached significant resistance levels at $51 and $68, achieving a new peak at $83.10.
Solana’s price currently trades above the 50-day and 200-day Simple Moving Averages (SMA), indicating a bullish sentiment. The emergence of a golden cross, where the 50-day SMA crosses above the 200-day SMA, adds to the sentiment.
SOL could surpass the $83 threshold in the upcoming days, supported by the Relative Strength Index (RSI), which maintains upward momentum at 72, indicating intense buying pressure.
Solana Price Prediction
Buyers display an unwavering commitment to recovering losses, propelling prices toward projected highs in 2023, with targets around $150.
However, a bearish trend could materialize when the price approaches $100. This presents an opportunity to adjust the Solana price and mitigate potential losses, with a focus on the crucial support zone at $68.
As the Solana price maintains its upward trajectory, experts have identified three meme coins—Meme Kombat, Sponge V2, and Wall Street Meme—as among the most likely to produce outsized returns for investors in 2024.
MK Presale Crosses $4 Million: Buy Fast
The Meme Kombat (MK) presale has crossed the $4 million mark. You can buy the MK token at a discounted price of $0.246 before it increases to $0.257 in about five hours.
As an increasing number of investors hurry to acquire tokens at the current price, this signals a promising outlook for the token in 2024.
A few EPIC BUYS in the past few hours!$MK is hitting new heights each and every day⚔️🥊 pic.twitter.com/IRyg02GOe9
— Meme Kombat (@Meme_Kombat) December 20, 2023
The price is set to keep climbing until the project’s launch, offering early backers the opportunity to realize greater profits. As an investor, enhancing your earnings is possible by staking the MK tokens you acquire, ensuring a 224% annual percentage yield (APY).
Jacob Bury, a crypto analyst and YouTuber, predicts a 10X increase in value upon launch.
To participate in the MK presale, visit the official Meme Kombat website, connect your Web 3 wallet, and exchange your ETH, USDT, or BNB for MK tokens there.
Sponge V2 Launch, 100X Gains
SPONGE is progressing the token’s development by unveiling SPONGEV2, an enhanced version that aims to build on the accomplishments of the original Sponge token. Following the impressive surge that Sponge V1 accomplished, V2 promises a further 100X gains.
Get SPONGE Now, Stake to Bridge
SPONGEV2 introduces a “Stake-to-Bridge” system, creating a seamless connection between the token and the V1 ecosystem, offering unmatched utility.
As the number of staked SPONGE tokens increases, so does the yield of SPONGEV2 tokens, providing investors with lucrative rewards.
https://twitter.com/spongeoneth/status/1736710430888739065?s=20
Approximately 1.1 million tokens are already staked on sponge V2, with a 1,463% annual yield (APY).
Upon the completion of the staking period, claiming SPONGEV2 tokens can be easily done through the official SPONGE website.
To purchase Sponge V2 tokens, connect your Web3 wallet to the official Sponge website and swap your ETH or USDT for v2 tokens. Alternatively, use your bank card to buy directly.
Wall Street Memes Casino Propels $WSM Upward Momentum
The Wall Street Meme (WSM) project has recently launched the Wall Street Memes casino, experiencing significant expansion as new player registrations soar to 100,000, which shows crypto gambling’s potential for growth.
INTRODUCING THE WALL ST MEMES CASINO! 🚨
Enjoy Wall St Memes custom games, sports betting, a live casino and $WSM token integration 🔥
200% deposit bonus – Sign up now! ⬇️https://t.co/RvwON1Sfp2 pic.twitter.com/6snnG16A6v
— Wall Street Memes Casino (@wsmcasino) October 18, 2023
As the WSM Casino’s sign-up bonus remains available for redemption, new players are taking advantage of the generous 200% sign-up bonus, extending up to $25,000.
With the complete integration of the platform’s native $WSM token, players initiating their first $WSM deposits can still enjoy an additional perk of receiving 200 free spins on the most popular slot game.
Win Rewards, Exciting Giveaways, Buy Now
Acquiring and holding a $WSM token allows you to enter exclusive token holder communities, receive bonuses in the WSM Casino, and earn rewards proportional to your stake and annual returns of 42% through staking your $WSM. The more you stake, the more you earn.
Crypto expert Savvy Cash predicts that WSM will increase by 10,000% following the introduction of more utility.
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