The remarkable surge in price and substantial trading volume of meme coins on the Solana blockchain is fueling the explosive growth of the Solana ecosystem. Meanwhile, Litecoin is positioned for a bullish momentum following its classification as a commodity by the CFTC, just ahead of listings on Coinbase.
Solana (SOL) is poised to hit the $200 mark amidst increasing whale traffic
Solana (SOL) emerged as a leading project in the blockchain sector, and explosive gains were shown by Solana-based meme coins. Pushing past Ethereum in DEX trade volume in March, Sol is again ready to retest its $200 resistance level amid increasing investor interest and trading activity.
Whale Alert data on March 29 reported multiple transfers of 1,757,028 SOL tokens, valued at $332 million, between unknown wallets. This massive transaction holds the potential to impact the token’s valuation. Investors in SOL are anticipating a potential surge that could push the token to new highs surpassing the $200 threshold.
With its current price at $188.5, SOL has seen a 3% decrease on the intraday chart and a notable 5% rise on the weekly chart. Morecryptoonl, a crypto analyst has indicated an optimistic outlook for Solana. A decisive breakthrough at the $197 level could potentially drive SOL’s value to $225 or beyond in the coming days.
Litecoin (LTC) holder base surged past 8 million after CFTC announcement
Litecoin (LTC) is witnessing a notable surge after being officially recognized as a commodity by The Commodity Futures Trading Commission (CFTC) in the Kucoin case. Adding to the optimism surrounding Litecoin, the LTC holder base has experienced steady growth, recently surpassing a major milestone of 8 million.
Despite a minor price correction on the intraday chart, LTC shows bullish signals as the Coinbase listing approaches near. The token has witnessed a 17.2% upsurge in a week with high whale traffic observed. If the demand for LTC assets surges, analysts anticipate a bounce back to $120 from the current price level of $102.
Algotech (ALGT) turns heads after $3.5M raised in stage 2 of presale
Algotech (ALGT) is poised to become a leading player in the DeFi space thanks to its innovative approach that blends algorithmic precision with blockchain and decentralized intelligence. Algotech has made headlines in the crypto space after raising a staggering $3.5 million in stage 2 of its public presale.
With Algotech’s algorithmic crypto trading platform, investors can access numerous cutting-edge trading options to optimize investing performance, such as momentum, breakout, and arbitrage trading. The platform’s tokenomics deflationary model distinguishes it as another top contender for investment.
Algotech sold over 80 million ALGT tokens in just three weeks. This has expanded the token holder base to 9,000 and signals a growing investor’s confidence in the platform. Currently, its price is at $0.08. ALGT’s trajectory can cross the $1 mark once it gets listed on major CEX exchanges, promising 10X returns for early investors.
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