Sora Validator Token Price Prediction: Is VAL Set To Validate A New High Of $0.5, While Whispers Of A Lucrative Presale Coin Spread?

ByLockridge Okoth

Updated: 09 October 2023

Disclosure

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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Sora Validator Token (VAL) price is up almost 300% in the month, trading for $0.2263 when writing. The surge comes after the SORA blockchain network released 2.1.0 with the ‘Pool SORA Synthetics’ feature.

SORA blockchain network release 2.1.0 is now live with the 'Pool SORA Synthetics' feature.

Release highlights:
✅ SORA Synthetics enabled in XYK pools (XOR-based pairs and XSTUSD-based pairs)
✅ Swapless batch transfers with ADAR feature
✅ Plus, various fixes & improvements! pic.twitter.com/WVvWIrxhL7

— SORA | Many Worlds. One Economy. 天 (@sora_xor) September 26, 2023

Around the date when the V2 launched, VAL broke out from the confines of a descending parallel channel. However, confirmation of the move happened on October 8 when VAL shattered above the $0.1500 level after the first attempt proved premature. The breakout has investors considering where the $0.5000 may be the next target amid whispers of a lucrative presale coin.

https://www.youtube.com/watch?v=2_qjQmqU2Cc

In the meantime, the Solid Validator Token ecosystem has the Sora Builders Program going on. Here is an opportunity for developers to get whatever support they need to deploy new and unique projects on the SORA network.

Resilient infrastructure aside, #blockchain networks need applications built on them to put tokens to work and make them more productive and valuable. https://t.co/PQzwkZAglT

Join the SORA Builders Programme to port an existing dApp or build a new one from scratch on SORA and…

— SORA | Many Worlds. One Economy. 天 (@sora_xor) October 5, 2023

Under this scheme, novel projects designed from scratch can receive financial backing in XOR. The ecosystem also offers project incubation and development support so that once a project launches, it takes off without looking back.

The Sora ecosystem also has its stablecoin, TBDC, short for Token Bonding Curve Dollar. This is tailored to operate seamlessly within the Token Bonding Curve (TBC).

What’s the role of $TBDC in the SORA ecosystem and beyond?

The Token Bonding Curve Dollar (TBCD) is a SORA ecosystem stablecoin designed to operate seamlessly within the Token Bonding Curve (TBC).https://t.co/dUYHemqAIp

Let’s dive in👇

— SORA | Many Worlds. One Economy. 天 (@sora_xor) October 3, 2023

All these fall into the bullish fundamentals recorded on the Sora network in September, with the proceeds now overflowing to the benefit of VAL holders in October.

🗓️September was an exciting month, and as usual, we're here with a summary of the month's progress and events in SORA $XOR.🚀

Here we go!🧵 pic.twitter.com/efBQO2vwdA

— SORA News (@soranews_io) October 3, 2023

Solid Validator Token Price Prognosis

Solid Validator Token price could extend north, potentially clearing the range high at $0.3043. However, this hinges on bullish momentum growing to keep the Relative Strength Index (RSI) indicator northbound. Its position as 74 is not concerning as long the RSI does not cross below the 70 level to the downside, as this would indicate VAL is ripe for selling.

The Moving Average Convergence Divergence (MACD) indicator in the positive zone also solidifies the bullish thesis. Its green histograms oscillate within the positive zone to show bulls have the upper hand. Increased buying pressure, therefore, could see Solid Validator Token prices extend to the forecasted target of $0.5000. Such a move would constitute a 110% climb above current levels.

Sora Validator Token — TradingView: VAL/USD 1-day chart

Conversely, if profit takers start booking early returns, Solid Validator Token could pull back below the $0.1500 psychological level. Further south, it could fall under the foothold of the second psychological level at $0.1000 or fall back into the grasp of the descending parallel channel by flipping the $0.0627 support floor into a resistance ceiling.

A break and close below the $0.0627 level would invalidate the bullish outlook, potentially dooming the Solid Validator Token price to retest the midline of the bearish technical formation at $0.0266.

Meanwhile, investors are also looking at TGC in their portfolio diversification endeavors, a Telegram casino project out for great returns.

Solid Validator Token Alternative

TGC is the powering token behind the TG.Casino ecosystem, presenting one of the best Telegram casinos in the market today. The project has already raised almost 70% of its soft cap target, recording $668,393 at the time of writing. Buy TGC at rates as low as $0.125, there will never be another opportunity to get $TGC for a better price than during the presale.

It is worth noting that there is no timeline for the presale, as once the hard cap is reached, the window will close. This makes it relatively easy to be locked out. In case you are wondering why you should buy TGC instead of just playing on the TG.Casino platform, here is your answer, taken straight from the project’s website in the FAQs section:

While TG.Casino will let you play with many top cryptocurrencies, only $TGC will give you access to incredible rewards, both from staking and just holding our token. $TGC is not required for playing in the casino, but it can be used to wager on games like all other currencies.

TG.Casino does not have a vesting period. Instead, upon the token’s premiere, investors can claim all their unstaked tokens. Nevertheless, you should know that the actual value lies in staking your tokens so that you can start earning from them for incredible rewards.

Visit TG.Casino here