bullish

Solana

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/glassnode-founders-predict-solana-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Glassnode Founders Predict Solana Price Surge</a><br></p>
<p style="text-align: justify">Co-founders of the crypto analytics platform Glassnode have signaled that <a href="https://en.bitcoinhaber.net/solana-shows-resilience-in-crypto-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (SOL) may be on the verge of a significant price increase after lagging behind its peers in recent times.</p>
<h2 id="will-solana-find-a-new-support-level">Will Solana Find a New Support Level?</h2>
<p style="text-align: justify">Jan Happel and Yann Allemann shared insights on social media platform X, suggesting that increased network activity could allow Solana to reclaim lost value. They believe this trend might present a bullish opportunity as the asset has recently pulled back from its all-time high.</p>
<p style="text-align: justify">Market predictions indicate that SOL could revisit the $202-208 range before experiencing a potential rise. At present, SOL is trading at $231, having seen a 2.3% decline over the last day. In addition, competing assets such as <a href="https://en.bitcoinhaber.net/whales-boost-xrp-value-with-massive-acquisitions" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> and ADA have also recorded drops of 7.9% and 1.6%, respectively.</p>
<h2 id="is-this-the-start-of-altcoin-season">Is This the Start of Altcoin Season?</h2>
<p style="text-align: justify">The Glassnode founders pointed out that a decrease in <a href="https://en.bitcoinhaber.net/blackrocks-bitcoin-etf-marks-a-milestone-in-crypto-finance-integration" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>‘s market dominance, currently at 55.93%, may signal the onset of an altcoin season. This drop of 7.54% in the past month creates a promising landscape for altcoins to flourish.</p>
<ul>
 <li>Bitcoin’s stability aids altcoin growth.</li>
 <li>Solana’s ecosystem shows ongoing development potential.</li>
 <li>Market trends indicate an overall positive outlook for altcoins.</li>
</ul>
<p style="text-align: justify">As Solana’s ecosystem evolves, it is crucial to monitor its market performance closely. Despite being outpaced by other layer-1 blockchains such as XRP and ADA, Solana’s ongoing growth suggests it still holds considerable potential in the competitive crypto landscape.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/glassnode-founders-predict-solana-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Glassnode Founders Predict Solana Price Surge</a></h5>

Glassnode Founders Predict Solana Price Surge

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