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Solana's Phantom Wallet has hit a major top rank on Apple App Store in what comes as a major bullish signal for SOL The post Phantom Wallet Tops Apple App Store: A Bullish Signal for Solana? appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

Phantom Wallet Tops Apple App Store: A Bullish Signal for Solana?

Does Solana (SOL) have enough strength to grow?

Solana (SOL) Price Prediction for May 19

Solana (SOL) is riding a wave of investor confidence, with its price steadily climbing towards uncharted territory. This bullish trend has analysts scrambling for their charts and telescopes, predicting a potential price explosion that could propel SOL to its all-time high (ATH) and beyond. However, amidst the excitement, some experts urge caution, reminding investors that cryptocurrency seas can be treacherous. Related Reading: ADA Price Surge Could Push Ratio Of Holders In Loss Below 55% Solana Sets Sail For Higher Ground The past week has been a banner one for Solana. The price has surged nearly 20%, surpassing a key resistance level at $150 and finding support above it. This breakout is seen as a significant technical victory, indicating a shift in investor sentiment and potentially paving the way for further gains. Adding fuel to the fire are bullish pronouncements from prominent crypto analysts. Alex Clay, a well-respected figure in the space, has set his sights on a price target of $329 for SOL, citing a promising weekly chart structure and a recent consolidation period. #Solana Weekly Structure looks awesome🧐 Consolidation below the Key Resistance Zone followed by breakout above the one → Now we have a retest of broken resistance as a support Breakout of ATH is imminent🚀 🎯 1 Target we should meet → 328.6$#SOL $SOL pic.twitter.com/OW4xbnkXOj — Alex Clay (@cryptclay) May 18, 2024 Technical Tailwinds Fill The Sails So what’s driving this bullish sentiment? Technically, the successful breakout above resistance and the formation of a bullish chart pattern known as an “inverse head and shoulders” are positive signs. Additionally, Solana’s strong fundamentals, including its reputation for fast transaction speeds and scalability, continue to attract investors. Uncharted Waters: Potential Storms On The Horizon While the current outlook for Solana is bright, some experts advise investors to exercise caution. The cryptocurrency market remains highly volatile, and unforeseen events can quickly disrupt even the most meticulously charted course. The recent price increase has been impressive, but the 24-hour growth remains modest, suggesting a potential for short-term fluctuations. Need For Speed Meanwhile, with its real daily average transactions per second (TPS) hitting a record high of 1,504 on April 6 of this year in the face of the memecoin fever, Solana has proven to be the fastest big blockchain. As a result, Solana is now 46 times faster than Ethereum and over five times faster than Polygon, the Ethereum scaling solution with the greatest TPS. This remarkable achievement underscores Solana’s technological prowess and its capacity to handle high transaction volumes efficiently. The network’s ability to maintain such speed during peak demand periods, like the recent memecoin craze, highlights its robustness and scalability. Related Reading: Floki Inu Frenzy: Memecoin Eyes New Highs As Open Interest Soars This performance advantage not only enhances user experience by minimizing delays and lowering transaction costs but also positions Solana as a formidable competitor in the blockchain ecosystem. Featured image from National Geographic, chart from TradingView

Solana Blasts Past Resistance: Buckle Up For $330 Breakout – Analyst

Solana and Apecoin are marking a recovery with optimistic price predictions and exciting network developments. Amidst these positive trends, BlockDAG is gaining traction as the top crypto to buy in 2024. Celebrating its CoinMarketCap listing at London’s Piccadilly Circus, BlockDAG has raised over $28 million in its presale. The new

Top Crypto to Buy in 2024: BlockDAG Is the New Whale Favourite Even as Solana and Apecoin Price Predictions Predicts Surge

British authorities arrested Jarett Dunn, a former contractor known online as @STACCoverflow and a Pump.fun exploiter, in the early hours of May 18.

Pump.fun exploiter arrested: ‘Team alleges I stole $2m in ill-gotten gains’

Top cryptocurrencies demonstrated a robust recovery last week. The global market cap surged by 7% to reach $2.41 trillion. Here are our picks for the top cryptocurrencies to watch this week.

Top cryptocurrencies to watch this week: SOL, BONK, FTM

Solana’s journey to a new ATH might hinge on Bitcoin surpassing the $73,750 mark.

How Bitcoin can help Solana rise to a new ATH

Solana has proven to be the fastest among large blockchains, processing a staggering 91 million transactions in a single day. The post Solana Leads with 91M Daily Transactions, Surpasses Ethereum: CoinGecko Report appeared first on Cryptonews .

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