- Solana poised for significant growth with a projected target of $140 per share, according to Bluntz Capital.
- Demonstrating robust fundamentals, Solana has outpaced even Ethereum, showcasing its strength in the market.
- Franklin Templeton has commended Solana, further solidifying its positive reputation and potential for investors.
- The Total Value Locked (TVL) and SOL price have experienced substantial surges since October 2023, indicating strong market demand and confidence.
- While the upward trend is prominent, investors should be aware that a potential price breakdown might lead to a correction, possibly bringing the share price down to $70.

Bluntz Capital, a prominent trader, has proposed a price target of $140 for Solana, citing a robust chart pattern and utilizing the Elliott Wave tool to predict a potential 40% upside after Solana reached $100. With a significant following on social media, Bluntz Capital has a track record of accurately predicting market movements, including the 2018 Bitcoin bottom.
Solana has gained attention and praise, particularly from Franklin Templeton's CEO, who commended the blockchain's innovations. The cryptocurrency has positioned itself as a strong competitor to Ethereum, supported by its impressive fundamentals. Solana boasts a throughput exceeding 65,000 Transactions Per Second (TPS) and has attracted a considerable number of developers, leading to a 4x increase in its token SOL within three months.
Franklin Templeton highlighted various projects within the Solana ecosystem, such as DePIN for Gig Economy, explosive growth in DeFi with a Total Value Locked (TVL) increase from $300 million to $1.5 billion in three months, and advancements in meme coins, NFTs, and marketplaces. The successful launch of the Saga phone further enhanced Solana's integration with the crypto world.
To validate Bluntz Capital's predictions, a technical analysis was conducted, revealing that Solana has been trading within a narrow channel since December 21, 2023, between support at $88.72 and resistance at $121.03. Technical indicators suggest a slightly negative trend, with the relative strength index approaching its support zone, a narrowing MACD, and reduced trading volume. The analysis emphasizes the importance of monitoring key support levels and implementing stop-loss strategies due to the high volatility of cryptocurrencies.
Voice of Crypto, while aiming for accuracy and timeliness, issues a disclaimer, reminding readers that cryptocurrencies are highly volatile assets. Readers are encouraged to conduct their research and make informed financial decisions, understanding the risks involved in trading such assets. The organization takes no responsibility for missing facts or inaccuracies in the provided information.
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$SOL

Solana is a high-performance blockchain platform that is designed to scale to millions of transactions per second. It is a decentralized blockchain, which means that it is not controlled by any single entity. Instead, it is maintained by a network of computers all over the world.How Does Solana Work?Solana uses a unique combination of technologies to achieve its high performance. These technologies include: *Proof of History (PoH)**: PoH is a consensus algorithm that allows Solana to achieve very fast transaction times. In PoH, each node in the network maintains a record of the order in which events occur. This allows nodes to quickly and easily reach consensus on the state of the blockchain, even when there is a large number of transactions. *Turbine**: Turbine is a protocol that allows Solana to scale to millions of transactions per second. Turbine works by dividing the blockchain into multiple segments, called shards. Each shard is processed by a different group of nodes, which allows the blockchain to handle a large volume of transactions in parallel. *Gulf Stream**: Gulf Stream is a memory pool that helps to improve the performance of Solana. Gulf Stream stores transactions that have been submitted to the network, but have not yet been processed. This allows nodes to quickly access these transactions when they are needed, which reduces the time it takes to process transactions.What Are the Benefits of Solana?Solana offers a number of benefits over other blockchain platforms, including: *High performance**: Solana is one of the fastest blockchain platforms available. It can process over 50,000 transactions per second, which is much faster than other platforms like Bitcoin and Ethereum. *Scalability**: Solana is a highly scalable blockchain platform. It can handle a large volume of transactions without sacrificing performance. *Decentralization**: Solana is a decentralized blockchain platform, which means that it is not controlled by any single entity. Instead, it is maintained by a network of computers all over the world. *Security**: Solana is a secure blockchain platform. It uses a number of security features to protect against attacks, including proof of history, Turbine, and Gulf Stream.What Are the Use Cases for Solana?Solana can be used for a wide variety of applications, including: *Payments**: Solana can be used to make payments quickly and easily. It is especially useful for micropayments, which are small payments that are made for goods or services that are worth less than a dollar. *DeFi**: Solana can be used to develop decentralized financial applications (DeFi). These applications allow users to lend, borrow, and trade cryptocurrencies without the need for a bank. *NFTs**: Solana can be used to create and trade non-fungible tokens (NFTs). NFTs are unique digital assets that can represent anything from art to music to real estate. *Gaming**: Solana can be used to develop blockchain-based games. These games allow users to earn cryptocurrency while they play.ConclusionSolana is a high-performance blockchain platform that is designed to scale to millions of transactions per second. It is a decentralized platform, which means that it is not controlled by any single entity. Instead, it is maintained by a network of computers all over the world. Solana offers a number of benefits over other blockchain platforms, including high performance, scalability, decentralization, and security. It can be used for a wide variety of applications, including payments, DeFi, NFTs, and gaming.#Solana-SOL #Solana/USDT #SolanaTrade #SolanaSurges #Solana2024 $SOL

- Solana Mobile introduces a more affordable alternative to its original Saga crypto phone.
- The initial Saga phone faced challenges in the market but later gained success with the support of the BONK token.
- The new crypto phone is priced lower, making it more accessible to a broader audience.
- Potential improvements in hardware aim to enhance the user experience and address previous issues.
- Solana Mobile aims to overcome past struggles and increase market appeal with this updated and cost-effective mobile device.
Solana Mobile, the pioneer in crafting the world's first crypto-ready smartphone, is now gearing up to unveil its second-generation device. Contrary to the initial Saga phone, this upcoming model is anticipated to be more budget-friendly while retaining the same impressive features.
The prospect of a more affordable yet enhanced version has stirred excitement within Solana Mobile. Nevertheless, skeptics, mindful of the challenges faced during the initial Saga phone's launch, are questioning whether Solana Mobile is gearing up for another marketing maneuver, akin to the BONK token strategy employed earlier.
The new iteration promises parity in functionality, a reduced price point compared to its predecessor, and improvements over the Saga 1. Given the past struggles with Saga phone sales, doubts linger on whether Solana can execute this strategy successfully.
The Smartphone Saga began in 2023, introduced by Solana Labs and Solana Mobile, with the original Saga phone pioneering a mobile platform featuring an inbuilt crypto wallet powered by the SOL blockchain. Despite innovative features, the initial $1000 price tag faced consumer reluctance, leading to a subsequent price reduction to $599 in August 2023.
A turning point occurred when buyers discovered BONK tokens included with the Saga phone, coinciding with the 2023 BONK rally. The resale value of these tokens soared, propelling Saga phone sales to unprecedented heights and necessitating a "one phone per household" policy.
As of now, the 15,000 Saga phones in circulation are a rare commodity, some listed for resale at astonishing prices. Solana Mobile now aims to replicate this success with the announcement of the second Saga phone, featuring similar core functionalities but with revamped hardware and a more economical price.
The tech community, previously critical of the original Saga phone, awaits this new release with curiosity. While no launch date is confirmed, Solana Mobile is optimistic about the potential of its second phone, projecting it as a superior and more accessible version of the initial offering.
In conclusion, the success of Solana Mobile's new venture remains uncertain, with only time providing answers. The company aspires to broaden the Solana ecosystem's user base, emphasizing the viability of crypto smartphones beyond niche markets. As with any crypto-related investment, users are advised to conduct thorough research and exercise caution, given the inherent volatility of cryptocurrencies.
#SolanaSurges #SOL #SolanaTrade #Crypto2024 #cryptocurrency
$SOL

- Spot Bitcoin ETFs approved on January 11, paving the way for potential approval of other cryptocurrency ETFs.
- Ethereum and Solana are emerging as potential candidates for the next ETF approvals.
- Franklin Templeton, a prominent player in traditional finance, expresses admiration for Solana's recent accomplishments.
- A positive tweet from Franklin Templeton about Solana has led to speculation about a potential Solana ETF.
- Market analysts predict a significant upward movement for Solana, anticipating a break above $100 in the near future.
- Price targets for Solana range between $124 to $150, indicating bullish sentiment in the market.

In early January, the crypto and blockchain industry witnessed a significant stride towards global adoption as the US Securities and Exchange Commission approved 11 spot ETFs. While Ethereum enthusiasts eagerly awaited an ETF for their favorite cryptocurrency, attention shifted to Solana, posing the question of how close we are to a Solana ETF.
Franklin Templeton, a leading asset management company, expressed admiration for the Solana network and its creator, Anatoly Yakovenko, through various posts. The digital assets team commended Solana for its innovation and remarkable success in the recent quarter, fueling speculation about a potential Solana ETF. The unexpected praise from a traditional finance giant added momentum to the speculation, given Solana's status as a close competitor to Ethereum.
Solana's impressive features, such as superior throughput and low transaction fees, were highlighted. With an average transaction fee of less than $0.01 and the ability to handle over 50,000 transactions per second, Solana's Proof of History consensus mechanism stood out. The network's support for smart contracts and its involvement in the DeFi boom further solidified its appeal.
Franklin Templeton demonstrated thorough research by listing notable developments on the Solana network, including DePin, DeFi growth, memecoins, NFTs, and the Firedancer upgrade. This in-depth analysis fueled speculation within the crypto community about the possibility of Franklin Templeton filing for a Solana ETF, surpassing Bitcoin and Ethereum.
While Solana's current price hovers around $100.44, recent data suggests an upward trend, with a nearly 50% increase over the last month. Despite facing resistance at the $100 mark, technical analysis indicates a neutral standing on the RSI while hinting at an impending bullish crossover on the RSI-based MACD.
In terms of price prediction, the outlook for Solana is bullish, with potential targets ranging from $124 to $150, depending on the strength of the bulls. However, it's essential to note the inherent volatility of cryptocurrencies, and readers are advised to conduct their own research and make informed financial decisions. The information provided by Voice of Crypto aims to be accurate and up-to-date, but readers should be cautious about the inherent risks associated with crypto investments.
#SolanaSurges  #SOL  #ETFApproval2024  #Bitcoin  #BitcoinETFs!
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