Solana

Raydium

Frenzy

Coin

<p>The post <a href="https://coinpedia.org/price-analysis/solana-price-aims-for-new-ath-amid-heightened-meme-coin-frenzy/" rel="noopener noreferrer nofollow">Solana Price Aims for New ATH Amid Heightened Meme Coin Frenzy</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Solana (SOL) closed last week on a very bullish note, above $200 for the first time since the onset of the 2022/2023 crypto bear market in late 2021. With SOL price against the USD up 7.7 percent in the past 24 hours, the large-cap altcoin, with a fully diluted valuation of over $115.5 billion, has dethroned Binance coin (BNB) as the fourth largest digital asset.&nbsp;</p>
<p>The heightened demand for SOL from different web3 platforms has pushed the Solana network to its limit, thus scaling transaction fees to the roof. For instance, a <a href="https://www.geckoterminal.com/solana/pools/AgFnRLUScRD2E4nWQxW73hdbSN7eKEUb2jHX7tx9YTYc?utm_source=coingecko&amp;utm_medium=referral&amp;utm_campaign=searchresults" rel="noopener noreferrer nofollow">meme coin trader</a> paid 1 SOL worth around $201 to send 350 SOL worth around $70k through the Raydium DEX today.</p>
<h2 class="wp-block-heading" id="h-solana-price-well-primed-for-new-ath">Solana Price Well Primed for New ATH</h2>
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   <p lang="en" dir="ltr">The <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Solana</a> correction was brief within this impulsive move to the upside. We will likely challenge <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> ATH before any meaningful pullback comes for <a href="https://twitter.com/hashtag/SOL?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SOL</a> <br>We can look at the internals on the final 5th wave in blue to determine targets in our next post – Wave 3 cannot be the… <a href="https://t.co/GzYkkhiJ21" rel="noopener noreferrer nofollow">pic.twitter.com/GzYkkhiJ21</a></p>— Matthew Dixon – CEO Evai (@mdtrade) <a href="https://twitter.com/mdtrade/status/1769601186456281184?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 18, 2024</a>
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<p>Solana’s price is still in the early stages of the second bullish wave after a successful breakout in the past three weeks. With all indicators pointing to a new ATH in the near term, SOL price must consistently close above $200 in the coming days to invalidate a pullback toward the support level of around $157.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a>: There is going to prob going to be a pullback somewhere in the $200-$250s but I don't know how deep it's going to be. Still bullish as hell on this one this cycle, it's the best chain for retail (evidence of memes). Prob $500+ in 2024. <a href="https://t.co/5FMd4Bxycg" rel="noopener noreferrer nofollow">pic.twitter.com/5FMd4Bxycg</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1769482656708714510?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 17, 2024</a>
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<p>According to a SOL analysis by a popular crypto analyst alias Altcoin Sherpa, the large-cap altcoin will likely push toward $500 before the end of this year fueled by the meme coin frenzy.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="h-why-bet-on-sol-price-win">Why Bet on SOL Price Win</h2>
<p>Solana network has outgrown the FTX-induced headwinds and is currently a top contender in scalable smart contracts. The Solana ecosystem has attracted significant cash inflows from institutional investors and retail traders through its meme coin industry.&nbsp;</p>
<p>The notable adoption of Solana’s Saga mobile is an indication of the future growth prospects of its web3 ecosystem amid the mainstream adoption of digital assets.</p>

Solana Price Aims for New ATH Amid Heightened Meme Coin Frenzy

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