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Crucial April For Solana – SOL Price Might Drop 15% Before Hitting $150!

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The crypto market has opened the week on a mixed-signal of bearish pull as well as bullish push. Among the altcoins that are still under the control of bulls is Solana (SOL).

Solana has bounced its previous resistance which had paused its recovery phase during the November 2021 – March 2022.

Solana Raise Bullish Hope For April!

As most of the Altcoins were facing a bearish pull along with king currency Bitcoin, there was Solana among a few managing to hold a bull run. During the weekdays, Solana saw a 29% gain from the $105 range.

However, the bulls slightly lost their control during the weekend as the currency was having a tough time sustaining above the $135 range.

The chart below from TradingView shows higher price rejection candles at $135 resistance.

Solana had a hard time during the first three months of 2022 due to the descending triangle pattern. Usually, this bearish triangle pattern gives an opportunity for selling pressure after the currency sees a breakdown from the bottom support line.

However, on March 18th, the SOL Price saw a breakthrough from the price’s descending triangle pattern and SOL raised above the $120 mark with a gain of 55% in just two weeks. This breakthrough pushed Solana’s price towards $144.5 which is SOL’s highest in the last two months.

At the time of writing, Solana has slightly dropped as it is trading at $135.93 with a plunge of 1.52% over the last 24hrs. If the bulls manage to tackle and come back in power, then Solana might see a rally towards $152 and if this doesn’t happen then the price might drop to $120 or even $105 levels again.

Solana Foundation Gear Up For Miami Hacker House Event!

Miami Hacker House event, hosted by The Solana Foundation which is scheduled for April 5th will run for six days. The event will offer guidance and mentorship for focused developers and this guidance will be provided by the core Solana Labs engineers.

The event will also have informative and educational programming courses about NFTs and DeFi providing detailed information on how to get started with dApps development on Solana.

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BudBlock Is Predicted To Be The Next Bitcoin As FTX Crash Rock Solana

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Have you ever imagined any crypto that can replace Bitcoin (BTC)? Of course, that should be a coin with much greater value. 

At the beginning of the year, most coins were created with the hype to outperform the top existing coins, and more are still being created. Among all, only a few have the potential to do so. Analysts have predicted BudBlockz (BLUNT) as one of these coins that could become the next Bitcoin, considering its unique services.

More so, this is likely to be achieved owing to the recent bombshell of FTX, the third-largest decentralized crypto exchange platform by volume. The FTX (FTT) crisis has rendered almost every significant cryptocurrency bullish, with a major impact on Solana (SOL). Solana will likely suffer longer as Binance has revealed its intention not to rescue FTX. While there is a lot of fear and uncertainty within the Solana community, some members are considering moving away. BudBlockz could be their destination, as $BLUNT is ready to explode.

While Solana suffers the FTX crisis, let’s dive in to discover how BudBlockz could become the next Bitcoin.

What Will Be the Worth of Solana (SOL) in 2023?

The recent flop in the price of Solana (SOL) has drawn much attention. This effect is attributed to the liquidity crunch in FTX. The FTX crisis is among the best-known crypto exchange platforms and has rendered Solana crippled. There are a lot of questions in the air as to whether Solana could survive this crash.

However, Solana (SOL) still holds the 14th position in the coinmarketcap ranking and was created as an open-source ecosystem to facilitate the building of decentralized applications (DApps). Solana is a very good platform when it comes to providing scalability. However, if the price of SOL keeps dropping due to the FTX (FTT) crash, Solana will likely lose most of its supporters to new potential coins like BudBlockz.

Could Bitcoin (BTC) Have a Resemblance?

Bitcoin (BTC), the first cryptocurrency, still retains its first position in the coinmarketcap despite its bearish state. BTC was created in 2009 as a solution to the challenges faced by fiat currency. Being the first to exist, it has successfully paved the way for the existence of other cryptocurrencies known as “alternative coins.” And today, many industries have adopted coins as a payment method.

Although Bitcoin (BTC) is known to be innovative, great coins like BudBlockz have erupted in the crypto space to marry the concept of cryptocurrency and blockchain technology and offer a transparent and trustworthy e-commerce ecosystem.

Could BudBlockz be the Next Big Cryptocurrency to Skyrocket in 2023?

BudBlockz’s (BLUNT) goals in the crypto space have been so loud that analysts see it becoming the next Bitcoin. BudBlockz (BLUNT) is a new, open-source ecosystem built on the Ethereum blockchain to unite cannabis enthusiasts worldwide. 

BudBlockz seeks to employ the innovation of blockchain technology along with cryptocurrency to provide solutions. In addition, the platform aims to erode the challenges that have plagued the cannabis industry over the years. Some of these are banking issues, production regulations, and capital raising.

While Bitcoin brought decentralization into the banking sector, BudBlockz introduced decentralized finance (DeFi) systems into the cannabis industry – a system that will help cannabis entrepreneurs access loans in the form of $BLUNT, the BudBlockz native currency. In addition, BudBlockz will lead to the expansion of more cannabis dispensaries across the globe, as well as the encouragement of more supporters in the ecosystem. BudBlockz seeks to be interesting and, at the same time, introduce NFT technology into its infrastructure, and that gives it an edge over Bitcoin.



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Can Solana (SOL) recover in 2023?

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Contents

  • Sad story of Solana in 2022
  • May Solana’s situation change in 2023?

Undoubtedly, 2022 was not one of the best years for Solana (SOL). The cryptocurrency that arrived on the crypto market with promises of being an “Ethereum killer” has had a lot of performance difficulties in the last 12 months. But will everything be different for the altcoin in 2023?

Sad story of Solana in 2022

This year the market has seen SOL’s price fluctuate after each outage that Solana’s network has experienced. This has led to distrust around crypto. After all, how could it be prepared to outperform the market’s top altcoin if its network does not work?

Although it was chosen as the preferred token after Ethereum for launching non-fungible tokens (NFTs) and blockchain games, Solana’s network proved unstable when heavily used. In addition, centralization was another negative highlight, as was always seen when developers paralyzed SOL blockchain to fix a bug.

As if that was not enough of a problem for the smart contracts platform, Solana has been negatively impacted by the fall of FTX and Alameda Research. The companies of Sam Bankman-Fried (SBF) were influential in Solana’s growth.

SBF, in addition to being a big crypto advocate saying that Solana is an underrated altcoin, has allowed Alameda to acquire $1.2 billion on SOL.

As of the time of writing, the bankrupt trading company holds 48.6 million units of the token. That figure represents 65% of all tokens in staking and 8.75% of Solana’s total outstanding.

All of this proximity to one of the biggest scandals of 2022 has caused the cryptocurrency to drop out of the top 10 and caused investors to lose a lot of money.

May Solana’s situation change in 2023?

Looking back over Solana’s history, its constant network outages were no reason for the cryptocurrency to lose a lot of capital. Even though it corrected, its place in the top 10 by market capitalization was not lost.

Therefore, even if the altcoin may still face more difficulties until it has a 100% functional blockchain, this may not be a bearish catalyst for it.

Another positive point about Solana is that it has a growing number of active developers. This proves that its network has not been left behind, even if investors are wary of Alameda’s next steps.

A fast blockchain, when not failing, with low transaction fees, accessible language for building smart contracts and a good volume of development can show that Solana still has hope.

However, by 2023, the altcoin will have to engage in new modalities of the blockchain industry and fix its network.

In addition to having important competitors such as Cardano (ADA) and Polkadot (DOT), investors should be much more demanding next year. With the fall of NFTs, Solana’s main highlight, the need to reinvent itself, is necessary so that it does not fall into the crypto graveyard.

Solana entered an important return risk zone as it passed an all-time high of $260 in 2021 and reached the final month of 2022 trading below the $15 mark.

By managing to develop in ways that minimize pressure from tokens held by Alameda, Solana could be the cryptocurrency to watch in 2023.



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Shiba Inu (SHIB) And Solana (SOL) Investors Think About Buying Flasko (FLSK)

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There is quite a demand among Shiba Inu (SHIB) and Solana (SOL) holders to buy the new cryptocurrency named Flasko. It appears that Flasko has been quite impressive in terms of investment returns.

Shiba Inu (SHIB) Is Just Another Meme Coin 

Currently, crypto investors don’t show any interest in going after meme coins. As a meme coin, Shiba Inu (SHIB) did well in the recent past. But when the hype for meme coins went down, Shiba Inu (SHIB) got into a struggling mode. 

From the beginning of 2022, the value of Shiba Inu (SHIB) has dropped by around 68%. It looks like this meme coin will not be able to recover its value in 2023.

Solana (SOL) Value Continues To Drop 

Another cryptocurrency that is going through a range of struggles as of now is Solana (SOL). The value of this cryptocurrency has also dropped by around 90% compared to its all-time high value. 

There are numerous regulations which hold behind the success of Solana (SOL). The bear market has also affected the growth of Solana (SOL). Hence, people should think twice before they invest their money in Solana (SOL).

Flasko (FLSK) Gains Attention As A Cryptocurrency 

Crypto investors have started to invest their money in Flasko. Flasko is unique, as it enables people to purchase NFTs, backed up with vintage and luxury champagnes, wines, and whiskeys. There is no need to spend a fortune and afford it in full because anyone can purchase Flasko tokens in whatever amount they can afford.

The current value of Flasko token is around $0.085. However, crypto experts believe this value could go up to $3 by the end of the year. This is why investors are rushing toward purchasing Flasko (FLSK). 

Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.



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