Solana’s (SOL) Struggle Continues, Buy the Dip? dogwifhat (WIF) Loses Ground; InQubeta (QUBE) Prepares For Huge Surge
The frenzy around Solana (SOL) seems to be declining. It can’t always go up, right? The network has been facing challenges, notably its failure to handle a surge in transaction requests. This resulted in an outage and the token’s price approaching support levels.
SOL, the ecosystem’s native utility token, isn’t the only one facing bearish pressure; dogwifhat (WIF) has also lost significant ground. In addition to the internal struggle within the Solana ecosystem, WIF’s dip is a reflection of broader market sentiment. It is probably time to start buying the dip—hopefully, it doesn’t dip further.
However, it isn’t all grim in the crypto landscape. InQubeta (QUBE), a top ICO, is preparing for an explosive market debut after raising over $13.6 million in early funding. Its Uniswap listing is imminent and has been hailed as the best new crypto to invest in.
InQubeta (QUBE): Anticipated 50X Surge Post-Launch
InQubeta (QUBE) is one of the reasons to be excited this quarter. It is about to launch and early holders couldn’t be more excited.
However, interested investors can still ape into the project ahead of its launch; there is a window of opportunity. The presale is currently in stage nine and at $0.028 per token, it is a steal considering the projected growth. According to experts, it will experience a 50x upswing post-launch.
Besides its bullish upside prospects, it intends to reshape the future of AI. InQubeta’s crypto-based crowdfunding platform for AI tech startups will enable fundraising through the QUBE token. Also, through its custom-built NFT marketplace, investors can become early backers of trailblazing AI ventures with no limit on investment.
Solana (SOL): Trading on the Downside
Solana (SOL) was one of the biggest highlights of the year’s first quarter. It hit $200 amid the memecoin craze, with investors making significant gains. However, it has been in decline since registering its annual peak, with traders now favoring new coins like Wormhole, Starknet and DYM.
The frenzy around the ecosystem resulted in a surge in transaction requests. While it has been smooth sailing—besides previous outages—the network experienced setbacks in handling the spike in transaction requests, resulting in another outage.
As expected, the challenges in maintaining on-chain activity caused a slump in the price of Solana as it approached support levels. There has also been a notable decline in transaction volume on the network. Hopefully, we get to see a bounce in the coming days—the story doesn’t end here.
dogwifhat (WIF): Losing Key Supports
dogwifhat (WIF), the trendy Shiba Inu with a red-knitted hat, took the crypto space by storm. Its rise to prominence is one to be studied—rising to the spotlight at a record pace. After its launch late last year, it exploded early this year, becoming the leading memecoin on Solana.
Its market dominance spans the SOL blockchain to the wider crypto market—one of the best meme coins and top altcoins. However, after registering its all-time high (ATH), dogwifhat has been on a decline, fueled by several factors. Notably, the declining interest in the Solana blockchain and the broader market downturn.
Nevertheless, a price comeback is on the cards—it always is for dogwifhat. Hailed as one of the best coins to invest in, positive price action should be evident in the coming days. To avoid missing out on its next jump, buy the dip and HODL.
Conclusion
Amidst Solana’s struggles and dogwifhat losing key support, InQubeta is preparing to skyrocket after its market debut. With a window of opportunity available to become an early adopter, you can participate in the presale through the link below.
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