Could the Resurrection Push Coin Two Times to $30? The Solana Price indicates that it is back from the dead.
Solana, once touted as the “Ethereum killer,” is up 5.84% so far today after a huge rally that has driven the price up 25.67% in the past week. Solana’s price is at $16.56, is it climbs the ranks, and it’s now up by almost 70% since the end of the 2022 trading year.
The dramatic upsurge in SOL’s value can likely be attributed to two things: strong backing from Ethereum founder Vitalik Buterin, and higher participation in the Solana blockchain since the BONK token was released.
Solana (SOL) Price Prediction and Technical Analysis
Presently, Solana’s 20-day EMA stands at $13.6650, which implies that it is on an uptrend in the short term. Meanwhile, its respective 50-day EMA and 100-day EMA are both comfortably positioned respectively at $14.5185 and $19.1219 suggesting stability in the medium to long-term outlooks.
Solana has been trading sideways for the past four days as the price consolidates while waiting for the 20-day and 50-day EMAs to converge. Immediate support for the cryptocurrency ranges from $14.58 to $15.11, while immediate resistance can be found between $17.64 and $18.86, which could coincide with the 100-day EMA.
The Relative Strength Index (RSI) is currently at 70.17, indicating that the cryptocurrency is currently in overbought territory, which means that the price of Solana may be overextended and a correction or pullback in price could occur. Traders who are considering investing in Solana should be aware of this risk and take a cautious approach. This could include setting stop-loss orders to limit potential losses and/or waiting for a potential pullback in price before entering a position.
Diversifying Your Crypto Portfolio: Other Options to Consider
So far in 2023, the crypto market is displaying signs of potential recovery. If you are questioning which are the best cryptos to buy today, an excellent practice may be seeking out promising altcoins throughout their presale periods, as prices could be reduced compared to when they hit exchanges. A few noteworthy coins worthy of consideration include MMEMAG, FGHT, and TARO–all projected to begin trading in the upcoming months.
Meta Masters Guild (MMEMAG) Takes Off
Meta Masters Guild (MMG) is an upcoming gaming ecosystem and Web3 guild, connecting top-tier blockchain-based mobile games. The decentralized community will offer interoperable rewards to players who participate in the network. These incentives will come in the form of MEMAG cryptocurrency, and gamers are able to own their digital assets inside the platform.
The MMG ecosystem is being crafted to encourage players to contribute both their time and money through just rewards for their efforts. The project’s priorities are creating an enjoyable gameplay experience, sustainability, as well as increasing community involvement.
The company strives to combat the rampant predatory practices of the gaming industry by creating a transparent and equitable ecosystem. With its open in-game economy, players can exchange all their currency and items with each other while using “Gems” rewards from games as payment for money or digital assets. Meta Kart Racers–a PvP/solo racing game designed specifically for mobile devices–will be the first game launched first as part of the ecosystem.
The project’s native MEMAG token presale has launched and is beginning to attract investors as it closes in on the $100K mark.
Fight Out (FGHT) to Fight to the Top
Fight Out is an upcoming move-to-earn (M2E) app and gym network that will motivate members into fitness by providing rewards as well as opportunities for community connection. The project plans to foster communities both virtually in a metaverse-like fitness world, and locally in gyms. The Fight Out application will help users rapidly develop custom workout regimens, track their advancement, and engage with others through group challenges.
With Fight Out, users; progress will be reflected in real-time with a Non-Fungible Token-based avatar. As they reach fitness goals, the digital character will level up, allowing members to battle against other combatants for incentives using their avatars.
By the end of 2023, the company will launch its initial gym. This futuristic Web3-enabled venue will supply an array of fitness stations and studio spaces with a health bar, as well as access to co-working facilities. Moreover, smart technology such as ‘mirrors’ will be available to users who will be able to see their personal fitness profiles while receiving feedback on their workouts.
Fight Out will also provide custom-made workout plans by experienced health professionals, and analytics and tracking tools for monitoring performance and progress towards meeting fitness goals. Additionally, the Fight Out community will provide an engaging platform where members can share their inspiring stories through content creation.
Fight Out is making waves with their innovative and entertaining approach to living an active, healthy lifestyle. As a testament to their future success, the company has raised almost $2.9 million during its FGHT token presale thus far. Presale investors can presently take advantage of the 50% bonus on FGHT tokens.
RobotEra (TARO) Set to Popularize Web3 Games
Get ready for RobotEra, the new play-to-earn (P2E) gaming metaverse that will launch later this year. Gamers can look forward to embarking on exciting quests and restoring the destroyed planet Taro from a destructive event. Players will help the planet recover using user friendly tools to easily assemble NFT robots or exchange them against TARO tokens in the game’s marketplace. Even beginner players will be able to join in the fun of building their own robots, buildings, and game assets with ease.
With RobotEra, players will be able to experience a world with almost limitless possibilities and explore their creativity like never before, particularly when it incorporates augmented reality (AR) and virtual reality (VR).
This is the next big thing, and it's happening right now 🔥— RobotEra (@robotera_io) January 12, 2023
🤖 #RobotEra – a revolutionary platform that combines virtual entertainment with unique benefits
💰 You can easily get income by creating & selling NFTs, staking tokens, and more!
Learn more ⬇️https://t.co/UJ3inomU89 pic.twitter.com/d48qqhcBlx
This heightened level of immersion is expected to create a captivating world-building experience for players, and also has the potential to help players generate additional income through AR/VR asset development. The game will allow players to participate in quests and contribute to the in-game economy to earn rewards. The presale of RobotEra has generated $706K in sales thus far, and it is narrowing in on the $1 million mark.
This unparalleled level of immersion will provide gamers with an enthralling world-building journey, as well as the opportunity to earn extra income through AR/VR asset creation. Thus far, $697K has been made in sales during its presale period–quickly advancing towards the $1 million mark.