Solana (SOL) has recently rebounded from a significant drop, with its price increasing by 10% in less than 24 hours and sparking interest in its potential to exceed $90. The ongoing recovery is partly attributed to new “token extensions” on the Solana network and the development of Firedancer, a validator client aimed at enhancing transaction capabilities. Despite a 28% decline in Solana’s (SOL) price over the past 30 days, the network has demonstrated resilience and growth, particularly in decentralized applications (DApps). The network’s total value locked (TVL) is approaching a three-month high, with a notable increase in transaction growth and active DApp users.
With Solana’s (SOL) TVL hitting new highs and its DApps buzzing with increased activity, there’s a solid reason to believe Solana’s (SOL) price could climb further. Also, as Solana’s (SOL) bounce-back is catching eyes, holders are now scouting for fresh altcoins that could be the next big thing in their portfolios.
Ride The Wave Of Innovation With ScapesMania
As the ScapesMania presale nears its completion in February, the team is working hard to secure a quick listing on popular exchange platforms. There is a good probability that the token’s value will increase exponentially after the listing.
The team behind ScapesMania, with years of expertise, has crafted a robust post-listing marketing strategy. Buyback, burn, staking, and all the perks for holders keep attracting new adopters. Through DAO governance, backers will be able to influence and benefit from a multi-billion-dollar industry.
Moreover, the token’s utility is impressive. It’s not another meme coin whose success relies heavily on trends and hype. ScapesMania (MANIA) is a well-balanced, meticulously designed project that acts as a gaming ecosystem.
As the presale is wrapping up, you need to act fast and grab your discounted tokens now! The countdown is on – don’t let this chance pass you by.
Presale is Live Now – Join Now for a Chance to Benefit with MANIA
ScapesMania, a player in the $376 billion gaming industry, leverages the market’s growth potential. Post-exchange debut, holders can anticipate greater liquidity and easier trading.
The community’s excitement about the project is evident so far, with $4,800,000+ raised to date from crowd/retail contributions alone. The follower count has reached 60K+ and showcases a weekly growth of 12%.
The growing interest from crypto whales with checks of $20,000+ might expedite ScapesMania’s transition from niche to mainstream.
ScapesMania’s smart contract has received approval from prominent security-ranking firms, ensuring peace of mind for holders. Additionally, the award-winning team behind ScapesMania secured a prestigious grant from a prominent player in the blockchain industry.
Furthermore, ScapesMania is notable for putting its community front and center. Driving customer engagement and making sure that everyone benefits through great tokenomics and generous rewards is where ScapesManias stands out.
Make sure you don’t pass up the opportunity to get the early bird discount as the presale nears its end. Be quick if you want to get your hands on those lucrative tokens before they’re all gone.
Presale Closing Soon – Seize Opportunities Now!
Solana (SOL) Surge in Price and Potential for Future Growth
Solana‘s SOL token is bouncing back, with a series of network updates sparking talks of a bright future. After hitting a five-week low of $78.6 on January 23, the price surged by 10% in less than 24 hours, raising questions about whether this recovery is backed by solid fundamentals. The spike in Solana’s (SOL) value is notably linked to its latest update which introduced “token extensions”, bringing new features like private transactions, transfer hooks and native fees directly into the network. Being part of the v1.17 release, these updates are designed for enterprise applications and regulatory compliance.
In addition, Solana’s (SOL) network upgrades, including the development of Firedancer by Jump Crypto, aim to increase processing capabilities to millions of transactions per second and introduce parallel processing or sharding. Solana’s (SOL) network proved resilient in 2023, avoiding the outages that affected some of its rivals.
The Solana (SOL) network has also seen a surge in NFT volumes, particularly from blue-chip collections like MadLads, Tensorians, and Solana Monkey Business. Despite their decline in the total floor value, the increased volume indicates strong investor interest. Furthermore, Solana’s (SOL) DApp metrics have shown strength, with the network’s TVL approaching a three-month high of 15.3 million.
Another significant development is Magic Eden’s announcement of its rewards program starting on Solana (SOL) with the goal of drawing more users to the marketplace and network and spurring ecosystem growth. These developments and activities point to positive prospects for Solana’s (SOL) price – with solid demand for its native DApps and NFTs, reaching $90 or more seems achievable.
Conclusion
As Solana (SOL) rallies after a slump due to rolling out innovative technology, it becomes an increasingly promising altcoin for investors who are currently gearing up to diversify their crypto holdings. The recent surge in Solana’s (SOL) price, following a significant drop, has been fueled by the introduction of new “token extensions” and the development of Firedancer, a validator client designed to enhance transaction capabilities. Solana’s (SOL) boost in resilience and its growth spurt, especially in DApps, owe much to recent tech upgrades. The TVL in Solana’s (SOL) network is nearing a three-month high, indicating robust activity and solid demand within the ecosystem.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
