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Solana is still causing ripples as the token continues to post impressive stats. As of October 21, 9:30 a.m. EST, Solana held a spot price of $28.9, representing an increase of 8% from its previous 24-hour price as per stats from CoinMarketCap.
Looking at 4-hour SOL/USD charts, the Bollinger Bands are diverging. This shows high volatility levels on Solana. The RSI is on an upward trajectory in the overbought region, showing excellent bull dominance on Solana.
The 15-day moving average has exceeded the 30-day moving average. This forms a golden cross, which shows bullishness on Solana. The MACD is also in the green zone. All these indicators signify bull dominance over the past few days as the token now sits 28% above its previous 7-day price. This bull trend will likely continue as bulls now hold the critical 27.4 support zone, as seen in the RSI. Looking at 24-hour charts, the 25-day moving average is above the 50-day moving average, indicating a likely continuous bull trend for Solana.
Several catalysts have contributed to the recent surge in SOL’s valuation. The Solana ecosystem’s swift progression and widening horizon, particularly in decentralized finance (DeFi), is a pivotal driver.
A visual content shared by Frankie Candles showcased the vibrant activity ‘in the background’ within the Solana network, granting the cryptocurrency community a glimpse into this expansive development.
This snippet is from my "Is Solana Dead" video. Despite the FTX fallout, $SOL still has a lot going on behind the scenes!
If you want to see the whole video, its on my channel, I will post the link on my X profile! pic.twitter.com/De6j5aNGxx
— Frankie Candles (@Frankie_Candles) October 19, 2023
Meanwhile, as Solana continues to make waves, Meme Kombat also makes waves with its current presale.
Meme Kombat (MK) Presale Hits 600k Amid the Good Solana Run
With $600k crossed, the Meme Kombat project is steadily gaining traction, emerging as a unique and captivating addition to meme-based cryptocurrencies. The MK token presale beckons individuals intrigued by exploring unconventional avenues to generate passive income, presenting an exciting opportunity that might leave a remarkable imprint on their professional portfolios.
Just passed 600k 🏎️
LFG! #MemeKombat pic.twitter.com/KqkdYnYiQI
— Meme Kombat (@Meme_Kombat) October 20, 2023
Meme Kombat is a promising and exhilarating venture in a sea of meme coins. Beyond traditional meme tokens, this initiative intertwines gaming elements into its framework. Participants can champion their chosen memes by engaging in tournament-style clashes, pitting their favorite memes against each other in a competitive battle. This distinctive approach caters to cryptocurrency enthusiasts and fervent gamers, fostering an ecosystem that facilitates passive staking and dynamic betting.
The Roadmap for Meme Kombat
As the first season’s finale approaches, eleven of the internet’s most popular memes are preparing to battle it out for the title of “ultimate meme champion.” A plethora of fresh features and opportunities are expected to emerge in the coming seasons, suggesting a landscape rich in potential rewards and ongoing community engagement.
The release of Meme Kombat was scheduled for the second half of the third quarter of 2023, and it will have several exciting features, such as in-game fighting and betting opportunities. Season 2 will begin in the fourth quarter of 2023, and it will feature a wide variety of new battle types, valuable awards, and opportunities for community involvement. 2024 is poised to be marked by explorations into innovative gaming formats, collaborative ventures, and other exciting prospects. With surprises potentially on the horizon, staying updated via Meme Kombat’s (MK) official social media accounts is advised.
All fighters must exercise caution amid recent reports of malicious activities within the MK community. The Meme Kombat team has emphasized that no team member will initiate direct messages, emphasizing the sole authenticity of the account linked to Meme Kombat. As everyone seeks to make financial gains, Solana and Meme Kombat are posing as sound investment options. However, as you eye on both SOL and the presale, staying alert and vigilant is critical to safeguarding the integrity of the Meme Kombat community.
We are receiving many more reports of bad actors in and around the MK community lately.
Please remember fighters:
No team member will ever slide into your DMs, and this is the one and only official account registered to Meme Kombat.Stay vigilant!💥#MemeKombat pic.twitter.com/2SCReK4huZ
— Meme Kombat (@Meme_Kombat) October 19, 2023
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