Best Crypto to Buy Now as Solana Hits Its Most Important Support Level

The Solana price has been very volatile since the beginning of the year thanks to the rapidly changing geopolitical conditions. However, it now stands at a precipice, where it could potentially move up to greater heights. This “most important support level,” as crypto analyst Ali Martinez puts it, could push Solana past its previous highs or could be a point of a major sell-off as well.

This news about Solana coincides with an array of new developments happening for the “developer favorite blockchain,” which is even giving Ethereum a run for its money. Does that mean Solana could be considered the best crypto to buy now, or could SOL’s growth lead to the emergence of better investment opportunities for a wide range of investors?

Solana’s “Most Important Support Level” is Based on UTXO Realized Price Distribution

Popular analyst Ali Martinez has provided insight into Solana’s critical support level, which is $147.49, based on UTXO realized price distribution.

For context, URPD, or UTXO Realized Price Distribution, is a powerful metric used in on-chain analysis. Specifically, it is meant for Bitcoin, however Alex has adapted it for Solana. It is essentially a visual representation of the distribution of coin volume at specific realized prices.

In Solana’s case, the tallest bar is around $147.49. This is the bar where over 57.2 million SOL has been acquired in the past. This showcases a major concentration of buyers. Here, the Solana level is essentially a price magnet, which thins the resistance around that range. If the momentum picks up, the Solana price would have a reason to swiftly move upwards until the heavy $147 to $167 supply zone is reached.

So, essentially, what the Solana price is showing right now is a structured setup that could lead to a rally if the broader market cooperates. For now, it will be critical to see how long this support level lasts, since it will determine whether buyers continue to support it or look for an exit strategy to break even.

Solana’s RWA Comeback Should Also Be Noted

While Solana is making news thanks to the most critical support forming, the altcoin’s comeback in the RWA race should also be noted.

SolanaFloor, a prominent news outlet keeping an eye on Solana, has recently revealed that over $418 million worth of Real World Assets are now active on Solana, which is essentially a growth of 15% in the last 90 days.

Why does this matter? It is for one simple reason: Solana is a leading asset in terms of RWA, which means the altcoin has the most chance to gain the most traction among utility-centric tokens in the long term. If the market only considers that, Solana could potentially be the best crypto to buy now.

Best Crypto to Buy Now – Solana-Enthusiasts Love these Assets

Solana enthusiasts look for projects with huge potential upsides, as well as a few quirks that could give investors both short and long-term investment advantages. With that in mind, here are the smarter investor picks of today.

Snorter

First on the list is Snorter, which is a Solana-based crypto designed to provide automated trading utility. Developed for Telegram, the purpose of this Telegram bot is to provide users with automated sniping opportunities whenever new Solana meme coins emerge and take the market by storm.

The official website describes it as a Solana meme crypto trading bot. Per the official whitepaper, the project potentially offers the lowest fees on Solana while providing early access to new tokens. Furthermore, the automated trading bot is also equipped with front-running and MEV protection.

Users can also reportedly limit their orders to lock profits, protecting their trades and scheduling their investments. Furthermore, honeypot detection is also enabled within the ecosystem, with the added advantage of copy trading.

Other than these long-term use cases that could essentially turn investors into savants of Solana-based meme coins, Snorter is also portrayed as a strong meme coin. With an aardvark-focused imagery, it communicates that it can essentially inhale the best investment opportunities.

Popular crypto analyst Cryptonews has discussed in their latest video that Snorter could have a 50x potential.

Solana

For obvious reasons, Solana could also be one of the best investments to buy this year. With the emergence of the altcoin season, there are many investors preferring Solana over Ethereum. The emergence of multiple meme coins from within the ecosystem is the primary reason, with the secondary being a strong utility-driven ecosystem that continues to evolve.

Many of the project’s latest updates have even tackled Solana’s scalability shortfalls, which could potentially make Solana the biggest altcoin on the market.

In terms of price action, the Solana price has already moved up and is currently around $152. With an asymmetrical triangle forming on the price chart, the day could be near when a major price movement takes place. While a reversal is also possible, given the market continues to surprise in many negative ways, it is important for investors to keep a close eye on hope.

Furthermore, a popular analyst known as Cilinix Crypto has even stated that Solana could have a massive breakout this summer, especially on weekends.

Bitcoin Hyper

While Bitcoin Hyper is clearly inspired by Bitcoin when we consider the project at face value, it is essentially a meme coin developed on the Solana blockchain. Leveraging the Solana Virtual Machine (SVM), this project aims to make Bitcoin more versatile by making it powerful enough to support smart contracts.

For this purpose, Bitcoin Hyper envisions itself as the first proper L2 scaling solution for the Bitcoin network. When it bridges to Bitcoin thanks to the Canonical bridge, it will reportedly be able to unleash all of its solutions.

Among them is the vision that Bitcoin could end up supporting decentralized applications. Even unique apps related to DeFi could emerge from Bitcoin, all of which could help it become more versatile and make it more than just a “store of value” asset.

Other than these perks, Bitcoin Hyper is also a Solana-based meme coin, as evident by the main mascot, which is a Pepe in a superhero costume. This could present users with a short-term gains opportunity, as Pepe and superhero virality could lead to parabolic gains shortly after Bitcoin Hyper goes live on exchanges.

SUBBD

Another major cryptocurrency investment to look forward to now that Solana stands on a precipice is SUBBD. While it is not remotely related to Solana, the premise it has been able to bank on is similar to SOL, which is to use utility to move up in value.

Essentially an AI-powered content creation system, SUBBD is an OnlyFans-equivalent for the decentralized space, featuring better payouts for models and better content for fans.

With the AI tools available on the website, content creators are able to manage their content better. On the other hand, users are able to get better content thanks to AI content generation modules. The module is also active on Telegram, with unique AI “content creators” being designed and showcased. These can also be viewed through X, where the developers regularly highlight the “prompt” of the day, showing people the output.

In addition to these elements, there are also gamified systems within SUBBD, as well as a fixed 20 percent staking reward, all of which contribute to making this crypto one of the best investment options on the market.

Conclusion

Solana’s reaching a critical point has once again moved focus towards the cryptocurrency market. While it is not clear whether the SOL price could go up or down from this point forward, what is clear is that Solana’s value as a utility crypto is growing. That’s why Solana and similar assets have been added to our “best crypto to buy now” list.

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