Could Solana and Ethereum Investors Dominate 2024?
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Solana (SOL): Navigating Stability Amidst Market Challenges

After the bull trap seen in early August, Solana’s [SOL] price has remained eerily stable. It has failed to mount above $150 and has been consolidating below the level for over a week.

The altcoin has remained bearish on the price charts, with the recent withdrawal of U.S. spot SOL ETF filings further denting sentiment. SOL has struggled below this confluence level for over a week. This meant that $150 has been critical for taking profits, especially for long-term holders with unrealized gains.

Ethereum (ETH): Riding the Wave of ETF Approval

Ethereum’s ETH price went up after the approval of Ethereum ETF. It has breached the resistance levels of $2,740 and $2,850. The market looks forward to breaching the next key resistance at $3,000. Ethereum’s recent price action has been intensely bullish, moving linearly up since the approval of the Ethereum ETF.

The good momentum has ETH easily breaking beyond key resistance levels at $2,780 and $2,850. The market is now awaiting the next and last major resistance level, expected around $2,700. Ethereum, ETH, changed hands at nearly $2,636 as of the latest data from TradingView, down by 0.12% for the week.

NEAR Protocol (NEAR): User-Friendly Blockchain with Scalability Solutions

NEAR Protocol aims to be a more user-friendly and scalable blockchain platform, offering unique features that appeal to both developers and end-users. NEAR’s sharding technology, known as Nightshade, allows the network to scale dynamically based on demand. This, combined with its developer-friendly environment and focus on user experience, positions NEAR as a potential next-generation blockchain platform.

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