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The Solana price jumped 11% in the last 24 hours to trade at $94.39 as of 7:50 a.m. EST, as trading volume surged 26% to $5.9 billion.
Solana’s (SOL) market capitalization now trails BNB’s market cap by a whisker after briefly overtaking it earlier today to rank as the fourth-largest cryptocurrency.
🚨 BREAKING:$SOL threatening to flip $BNB in Market Cap. pic.twitter.com/0MUUs7c016
— SolanaFloor | Powered by Step Finance (@SolanaFloor) December 21, 2023
Solana’s price reached the $100 mark on Friday, fueled by continued enthusiasm for the blockchain’s fast transactions, cost-effective fees, and a flurry of meme coin launches, marking the third consecutive week of heightened interest.
The Solana Price Could Breach the $100 Mark
The Solana price continues its upward trajectory as bulls successfully breached $80 resistance levels, achieving a new peak at $100. However, there is a slight retracement.
The emergence of a golden cross, where the 50-day SMA crosses above the 200-day SMA, adds to the sentiment as price assumes the 50-day and 200-day Simple Moving Averages (SMA), acting as support for the SOL price.
SOL is now poised to surpass the $100 threshold in the upcoming days, supported by the Relative Strength Index (RSI), which maintains upward momentum at 75, indicating intense buying pressure.
Solana Price Prediction
In this case, bulls may be eyeing new levels as buyers display an unwavering commitment to recovering losses, with targets around $150.
However, a bearish move may be imminent at $100 as bears force down the price, wiping out bulls profit, with a focus on the crucial support zone at $80 resistance turned support.
As Solana maintains its upward trajectory, investors seeking small-cap tokens with potentially higher explosive growth than SOL may want to consider Meme Kombat.
Meme Kombat Secure $4.1 Million, Buy Fast
If you’re on the lookout for a coin that promises substantial returns, Meme Kombat is a prime candidate. Currently in its presale phase, Meme Kombat has impressively raised over $4.1 million and is racing towards its $5 million goal.
$4.1 million in the bag for the $MK community💪 pic.twitter.com/tow5rFok13
— Meme Kombat (@Meme_Kombat) December 21, 2023
Meme Kombat is an innovative gaming platform that merges the world of gaming finance (GameFi) with meme culture. It offers players the opportunity to engage in battles using their favorite meme characters, with the winners earning monetary rewards.
Additionally, spectators can place bets on professional gamers, earning payouts when their chosen competitors win. This model not only ensures the project’s sustainability but is also designed to attract a broader audience post-launch.
Currently, you have the opportunity to join this innovative project by purchasing MK tokens at a discounted rate of $0.257 per token. However, this rate will increase in less than six days, highlighting the importance of investing now at the current price.
Earn 215% APY By Staking
Meme Kombat features a staking platform where investors can stake their acquired MK tokens. By participating in staking now, you can earn an attractive annual percentage yield of 215%.
This guarantees you passive income in addition to the potential gains from price increases throughout the presale.
Jacob Bury, a popular crypto analyst and YouTuber, believes Meme Kombat could be the next Pepe coin-like hit. In a recent video, Bury reviewed MK and said a 10X increase in value upon its launch is possible.
You can buy MK tokens today by visiting the official Meme Kombat website. Make sure you have some USDT, BNB or ETH that you will use to swap for MK tokens.
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