Solana price prediction: Solana's price pumps 63% in one week

Solana price prediction: Solana’s price pumps 63% in one week – Is it too late to buy?

Updated: 16 January 2023

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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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Solana has responded to the bullish trend across the cryptocurrency market in recent weeks. Over the past week, Solana has gained by 63% amid a buildup of buying pressure. At the time of writing, SOL was trading at $23.48, according to CoinGecko.

Solana price prediction

Solana is still showing a bullish movement. In the last 24 hours, SOL’s price has gone from $22.13 to $23.92. The slight uptrend comes as the broader crypto market also rallied. The total crypto market cap is up by 2.5% in the last 24 hours to over $1 trillion.

As buyers start flocking to the market again, SOL has reported healthy trading volumes of around $1.68 billion and a market capitalization of $8.71 billion. Amid the recent gains, SOL’s uptrend has not gone past the $23.92 mark. A strong rally will likely be triggered if the bulls break past $24.

On the other hand, volatility remains high, with the market unsure whether the recent uptrend will be sustained. Therefore, failure to hold a price above $23 could see SOL crashing below $20.

Solana has a Relative Strength Index (RSI) of 52, showing that neither the buyers nor the sellers have the upper hand. However, the movement of the RSI indicator shows that buying pressure is building up, which could see SOL making more gains. A neutral outlook can also be seen in the movement of the MACD line.

Altcoin alternatives to consider buying this week

As the bullish sentiment around SOL grows, crypto investors should consider diversifying their portfolio with these altcoins with the potential for 10x gains.

Fight Out

Fight Out is a move-to-earn project that gives you access to the same fitness service you would get from a personal trainer. Users can access the holistic fitness services offered by the platform using FGHT tokens. Metaverse avatars will reflect the trainer’s fitness journey in the real world.

The Fight Out presale is already a success, with more than $2.95 million raised. 1 FGHT is priced at $0.0166, and buyers can buy the token using ETH or USDT. An up to 50% presale bonus for early investors ends after the presale hits $5 million.

Meta Masters Guild

Meta Masters Guild is a mobile-focused gaming guild that combines Web3 and play-to-earn games. The Ethereum-based games this platform provides include playable non-fungible tokens (NFTs).

MEMAG is the native token for this project, and users can either stake or sell it. The MEMAG presale will happen in seven stages. 1 MEMAG is currently priced at $0.007, which will gradually increase to $0.023 at the final stage. The presale has raised over $266,000.

C+Charge

The C+Charge presale is also attracting much interest. C+Charge is a project focused on creating blockchain-based payment software for electric vehicles. The project plans to level the carbon credits market, making CCHG one of the best tokens for ESG investors.

The carbon credits market is growing rapidly, and projects such as C+Charge could become one of the largest players in the sector. The presale has already raised more than $290,000, with 1 CCHG priced at 0.013 USDT.

Calvaria

The Calvaria presale is in the final stage, and it is fast selling out. The presale is already 90% sold out and has already raised more than $2.79 million. This presale will end after $3,075,000 is raised.

Calvaria is a play-to-earn battle card game that is fast gaining popularity. Calvaria seeks to bridge the gap between Web3 games and traditional games. The game will not require cryptocurrencies for players to participate, giving it a chance to dominate the market.

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