Solana has experienced notable growth in the DeFi, NFT, and Web3 markets since its inception in April 2019. Numerous projects are currently being developed on the Solana network, with more expected to emerge soon.
According to information provided on Solana’s official website, the company’s main value proposition is offering low-cost transactions indefinitely. As a blockchain network, it competes directly with other platforms, such as Ethereum. Solana had breached the price level of $100 after a prolonged year of downward trend. According to recent data, SOL is up by over 1% in the last 24 hours and over 8% in the last seven days.
Also read: Ethereum Surges Towards $3,000: Can ETH Hit $5,000 Next?

With the whole cryptocurrency market in green, here is our price prediction for Solana (SOL) for this week.

SOL weekly price prediction

Source: analyticsinsight.net
Various factors, such as market conditions, price action, developments, supply, and use cases, will determine whether Solana’s SOL can shoot up or go down in price during this week.

Based on its behavior at the start of 2024, cryptocurrency experts at Changelly offer their price prediction for Solana SOL for this week. For this timeframe, SOL’s minimum price is anticipated to be $102, and its maximum is anticipated to be $127.
Also read: Ripple (XRP) Faces Resistance at $0.60, But Analysts Expect 20% Surge
The prediction shows that SOL could likely hit $120 this week if the entire market turns favorable too. Changelly experts predict that the SOL price is likely to sustain the $110 level during the week. However, the entire prediction could depend on the overall market sentiment.

Solana and Sei see gains as Pullix volume is on track to outpace both

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Solana and Sei post gains as Pullix’s presale surge marks it as the top crypto pick this year.
Lately, the cryptocurrency market has witnessed a bullish rally, with several cryptocurrencies experiencing notable price surges. Top crypto coins like Solana (SOL) have recorded an impressive 20% increase in the past week alone.
Similarly, the Sei token, known for its cutting-edge technology designed for digital asset trading, also demonstrated a noteworthy 11.29% surge in its price within the same timeframe.
Meanwhile, Pullix (PLX) has risen as a candidate for the best crypto to invest in this year. The swift uptake in its presale reflects Pullix’s increasing popularity and accumulation among investors.

Sei sees bullish rally with 46% price surge in one week

Sei has set itself apart with its state-of-the-art technology tailored for digital asset trading. With an advanced consensus mechanism and technical prowess, it is one of the fastest blockchains designed to meet the needs of exchanges and decentralized trading platforms.
Sei captures significant investor attention as one of the recent prominent gainers in the current crypto landscape. The recent uptick in Sei’s price aligns with an optimistic market sentiment, as indicated by the Extreme Greed reading north of 79 on the Greed/Fear Index. 
Presently valued above the $0.96, Sei has experienced an impressive 46% surge in the last 7 days, propelling its market capitalization to $2.4 billion. With a current weekly price range of $0.87 to $0.96, SEI token has demonstrated a stable trajectory as it approached the $1 price mark once again,
This impressive upswing positions Sei coin at #11 in the proof-of-stake coins sector and #40 in the layer-1 sector, according to CoinMarketCap. Despite recent market fluctuations, Sei has maintained its competitive position, demonstrating resilience against major cryptocurrencies.

Solana rises 7% in a week, surpassing $100 resistance to hit $116

Solana continues its bullish momentum, surging by 7% in the past week, surpassing the $100 resistance to reach $116. This notable increase, the largest since December 2023, has brought the Solana coin into the spotlight. This remarkable price surge is attributed to concurrent increases in gas fees on Ethereum, where transaction costs briefly exceeded $10. 
Although Ethereum’s gas fees have since decreased, users seeking alternatives with lower fees may have contributed to Solana’s boost. Over the last three months, active addresses on Solana surged nearly 400%, a sharp contrast to Ethereum’s modest 3% increase. 
Solana’s rise underscores its appeal as a cost-effective blockchain solution in response to Ethereum’s fee fluctuations, reflecting its growing prominence in the evolving market dynamics. Analysts believe the potential for further upward movement looms if Solana surpasses its current resistance at $120.

Pullix (PLX) defines future of defi in 2024 with new features 

Pullix stands out in the defi landscape as a formidable contender, integrating elements from centralized and decentralized finance (cefi and defi) into a unified platform. It empowers users to participate in buying, selling, and trading a diverse array of assets, including stocks, forex, ETFs, and commodities.
Moreover, Pullix’s Profit Share model enhances the earning potential on the platform, solidifying its position as the preferred choice for investors looking to diversify their portfolios with top cryptocurrency investment options.
Boasting over 15,000 users, 90 million tokens sold, and $6 million raised during its ongoing presale, Pullix showcases future potential and a high level of interest in the market. With just one presale round remaining, investors are eyeing the opportunity to acquire PLX tokens at the current price of $0.14 before its official launch. 
As the conclusion of its presale stages approaches, anticipation for the upcoming launch is on the rise. Join the Pullix community and participate in the ongoing presale, currently in last stage, as PLX aims to establish itself as one of the top cryptos in 2024. With a live platform demonstration available to the public, two trading licenses obtained, and listings on both Bitmart and Uniswap, Pullix has the potential to become the next 100x token in 2024.
For more information regarding Pullix’s presale see links below:
Visit Pullix 
Join The Pullix Communities

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Solana (SOL) Surpasses Binance Coin (BNB) As Fourth Largest Cryptocurrency – Algotech (ALGT) Projects Amazing Growth Ahead

Solana (SOL) continues to prove that it is the best coin to invest in today as it rises through the ranks in the crypto market, surpassing Binance Coin (BNB). Meanwhile, Algotech (ALGT) has become a favorite presale crypto.
Learn why Solana (SOL) has bypassed Binance Coin (BNB) and Algotech (ALGT) is leading the presale coins list.

TLDR

• Solana (SOL) continues to rise as crypto investors flock to it, and experts project a $120 target in February.
• Binance Coin (BNB) falls to fifth in the crypto market rankings after Solana (SOL) surpasses it.
• Algotech (ALGT) promises gradual gains to the end of the presale.

Solana (SOL) Overcomes Network Outage To Keep Price Rising And Investors Happy

On February 6, 2024, Solana (SOL) faced its first outage of the year that lasted five hours. Validators and developers got to work immediately looking for the problem and creating a solution. Despite the challenge, SOL crypto price surged from $95.55 to $101.24 the following day.
Having overcome this challenge, SOL crypto price surged between February 7 and February 14, moving from $101.24 to $116.98. The price surge was attributed to a rise in transactions, TVL on DeFi projects, and a surge in demand, causing a rise in market capitalization that saw Solana (SOL) surpass Binance Coin (BNB) for the number 4 position in the market.
Based on this information, investors are optimistic that SOL crypto price will keep rising. In the derivative markets, investors display their confidence in Solana (SOL) by investing up to $1 billion in Solana (SOL) options. Investors are optimistic it will keep rising and return favorable results.
Moreover, market experts suggest a bullish sentiment for Solana (SOL) and opine upward momentum and buyer dominance for the token, as per technical analysis. Consequently, Solana (SOL) price projections anticipate it will rise to $120 in February.

BNB Takes Advantage Of Bullish Market To Change Trajectory

On January 31, 2024, BNB Chain, a Binance blockchain network powered by Binance Coin (BNB), announced its strategic plan for 2024, indicating a consolidation of its ecosystem to focus on DeFi, gaming, and artificial intelligence projects for the year. Following the announcement, BNB coin price fell from $307 to $300 the next day.
However, between February 7 and February 14, the market turned bullish, allowing BNB coin price to rise from $302 to $334. In this period, Binance Coin (BNB) investors returned to the market, increasing demand for BNB as shown by the rising traded volumes. Despite the rising Binance Coin (BNB) price, Solana (SOL) surpassed its market cap, pushing it to the fifth position in the crypto market.
Despite the fall in rankings, Binance Coin (BNB) investors are optimistic that BNB coin price will keep rising as long as the market performs well. Furthermore, as Binance Coin’s (BNB) Chain strategy gets implemented, it will attract more projects, transactions, and value, increasing its price.
Experts suggest a bullish sentiment for Binance Coin (BNB) and predict it will rise to $350 by the end of February.

Algotech (ALGT) Presents A Profitable Future For Presale Investors

Algorithmic trading is a profitable endeavor requiring traders to gain specialized knowledge, experience, and the right tools. Algotech (ALGT), a decentralized trading platform, is an advanced, blockchain-based algorithmic trading tool for all traders, beginners, and experts.
Algotech (ALGT) stands out for its openness and incorporation of machine learning. Consequently, it automates trading strategies, ensuring traders earn profit consistently. An integral skill traders need to profit is market data analysis. Algotech (ALGT) condenses complex market information to deliver precise insights, enabling accurate and speedy decision-making. Moreover, Algotech (ALGT) incorporates robust risk mitigation strategies, ensuring traders manage their capital and grow it as they learn to navigate the platform.
Algotech (ALGT) offers ALGT, its native token, in a public presale. Initially, a private sale raised $1.1 million in two days, setting it up for success as a presale crypto. With the presale in Stage 1, Algotech (ALGT) is valued at $0.04 and will rise by 50% to reach $0.06 in the next stage.
Moreover, Algotech (ALGT) entices investors with iPhones, tablets, and Apple watches that traders can access the platform from. Investors who heed the call and buy Algotech (ALGT) now can anticipate a 275% gain at the end of the presale when it reaches the $0.15 launch price. Follow these links to learn more about Algotech (ALGT) presale.

Arcade to Airdrop $3M Tokens to Mega SOL, ETH, BTC NFTs

Arcade — a top protocol in the NFT lending space — is rolling out a significant airdrop of 3 million $ARCD tokens to owners of top Solana (SOL), Ethereum (ETH), and Bitcoin (BTC) NFTs.
As of February 21, eligible collections will include Solana’s Mad Lads and Tensorians; Ethereum’s Pudgy Penguins, Lil Pudgys, and Sappy Seals; and Bitcoin Ordinals‘ Bitcoin Puppets, NodeMonkes, and RSIC.
The ‘Clash of Claims’ event allows participants to win part of 3% of the company’s token supply, with the first 4,000 wallets able to claim $750 in $ARCD tokens from a 3 million token prize pool until depleted.
Claims will be first-come, first-served within a 2-hour window on the ETH Mainnet. Owners of the required NFT collections can join by linking their ETH, SOL, or BTC wallets to the official Arcade platform.
Check out Arcade’s X account for more information regarding the application process.
Source: X (Arcade)

Arcade’s Airdrop Origins and Future Outlook

This event marks Arcade’s second foray into airdrops, building on the success of its earlier token giveaway in October last year. 
Currently, the $ARCD token’s primary role is for governance voting within the ArcadeDAO, acting as a non-tradable asset. However, plans are afoot to make $ARCD tradable, rumored to coincide with the airdrop’s timing. 
Post-airdrop, the expected circulating supply of $ARCD is projected to hit approximately 6.5 million, with the ultimate goal being to limit the total supply to 100 million in the future.
The upcoming Arcade airdrop tokens and $ARCD’s transition to a tradable asset highlight the platform’s dedication to community engagement and signal its growth trajectory in the NFT lending sector.
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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.