The content and materials featured on this page are for educational purposes only. Solana has been a clear forerunner of this year’s bull run, with monthly trading volume reaching a new all-time high of $58.4 billion in March and prices as high as $200.
However, in recent weeks, trading has slowed, and the coin price has dipped to just $135. Many expect this to be a temporary correction that will lead to a strong recovery.
Popular crypto expert Jacob “Crypto” Bury predicted that Solana could 3-4x in 2024 and outlined his reasoning in a recent X post. The Solana blockchain started off 2023 at around $10, which is almost a tenth of the price at which it started 2022.
It struggled to make any serious gains until the end of 2023, when the price jumped from $38 in November to push past its psychological barrier of $100. From there, Solana soared to new heights, even reaching as high as $200.
This was accompanied by a huge surge in trading volume, reaching $58.4 billion. April saw a slowing down, with just $35 billion traded.
In parallel, the price dropped below the $200 level to settle around the $135 mark. However, recent movements and analysis have prompted speculation that this price dip isn’t set to last, and the price could surge 300%.
The past 24 hours have seen a 12% price rise and positive candlestick patterns. Solana is currently priced at $137.40.
One major factor influencing Solana’s bullish sentiment has been the meme coin mania dominating the crypto landscape. Meme coins have dominated this bull run to become the most popular narrative in the first quarter of 2024.
On average, meme coins have seen returns of $1312.6 across top tokens. Most of this activity has been from new Solana meme coins.
Dogeverse is a fresh new project and the first meme coin to operate across six major blockchains. If Dogeverse makes it into the top 20 meme coins, it will follow in the footsteps of recently launched meme coins such as BOOK OF MEME, Dogwifhat, and Bonk.
Dogeverse follows the adventures of Cosmo, the chain-hopping Shiba Inu central to the Dogeverse project. Dogeverse has recently expanded to the Solana chain, attracting attention from experts across the board, including Jacob Bury.
Currently, the token is in presale and has already raised over $13 million. Holders can stake the token to receive a generous staking yield.
The coin will function as a bridge between six leading blockchains: Ethereum, Binance, Polygon, Avalanche, Base, and Solana, meaning it will attract meme coin investors from all crypto communities. Disclosure: This content is provided by a third party.
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