After the collapse of FTX, the price of SOL has been extremely volatile – SBF was one of the core figures when it came to pumping up the price of SOL and artificially inflating the size of the Solana ecosystem.
Solana has been one of the most polemic blockchains in the entire space even without its ties to FTX and SBF: much of the DeFi was entirely artificial
Solana pumps 17% in 24 hours
Over the course of the last 24 hours, the price of SOL has managed to pump by over 17%, and there are many who are hoping that the price could appreciate.
Despite large sell offs preceding this rally, there are signs that the blockchain has more hope for the future, given that it capitalises on speed and scalability to onboard as many users and applications as possible.
Can the bounce reach $30?
There has been some speculation over how high the bounce can go and what price SOL can reach in the short term.
There is certainly a strong possibility that the price of Solana could appreciate, especially when one considers that new meme tokens such as $BONK are using SOL as their home, catapulting into significance with a large airdrop to the largest NFT collections on Solana.
Even at these prices, SOL looks unattractive
The value of SOL has been absolutely hammered throughout the bear market, as the lack of positive sentiment hasn’t been able to compensate for their highly centralised technology
One of the main issues with Solana is its centralisation: the entire ethos of blockchains was predicated on the notion of decentralisation – using a centralised blockchain is something of an oxymoron, given that there are several databases that are highly centralised without blockchains that are still much faster than the most centralised blockchains.
Alternative alt coins may provide better returns – D2T presale almost sold out
For those who wish to trade alt coins such as SOL, there may be far better opportunities to be found elsewhere.
Dash 2 Trade’s D2T token is to list shortly on a series of centralised exchanges, given that the Dash 2 Trade presale is ending within a couple of days.
Thus far, the team have managed to raise an impressive $13m, which is particularly impressive when one considers that we are currently in the depths of a bear market.
Today, the team at Dash 2 Trade are releasing the beta version of the dashboard, and in a couple of days they are listing on three different centralised exchanges: BitMart, Changelly Pro and LBank – to acquire tokens before listing at $0.05133, head over to the D2T website now.
FightOut (FGHT) has now raised $2.5m
FightOut is another crypto that is currently at its presale stage, and has been developing from strength to strength over the course of the last few days – $2.5m has now been successfully raised.
The goal of FightOut is to incentivise people to exercise as much as possible with the FightOut mobile app, which records one’s exercises and progress and rewards users with the FGHT and REPS tokens.
The team are also focused on building 20 gyms around the world in order to traverse the void between the physical and the digital world, with the first being acquired in the first quarter of 2023.
>>> 🌎《#TNNS is now live for trading on Bitmart Exchange! BUY NOW!》📈<<<
To participate in the presale now, head over to the FightOut website, where FGHT tokens can be acquired with ETH and USDT.
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