The post Solana Breakpoint 2024 Signals Bullish Trend: Top SOL-Based Altcoins to Watch appeared first on Coinpedia Fintech News
The Solana (SOL) community is preparing for the annual event dubbed Breakpoint, which the Solana Foundation in Singapore has organized. Earlier today, the Solana team announced that the online tickets for September 19 to September 21 have already sold out. However, the Solana team highlighted that a few tickets may be available at the door.
The Solana Breakpoint intends to bring forth innovative ideas from different leaders to enable the mainstream adoption of blockchain technology globally. This year’s Solana Breakpoint was sponsored by stablecoins issuer Circle, Wormhole, Santiment, Auros, Crypto.com, and meme coin project Bonk (BONK) among others.
Another major event this week in Singapore, and am excited to deliver a keynote at @solana Breakpoint this Friday afternoon. Some cool sneaks to show… pic.twitter.com/JPzfKxImH7
— Jeremy Allaire – jda.eth / jdallaire.sol (@jerallaire) September 16, 2024
Impact on Solana Price Action
From the past Solana Breakpoint event, it is evident that the overall impact is a bullish outlook. If history repeats itself, Solana’s price will rally toward its all-time high in the subsequent weeks.
From a technical standpoint, Solana’s price has been trading inside a horizontal consolidation with a robust support level above $122. Additionally, the large-cap altcoin, with a fully diluted valuation of about $77 billion and a daily average of around $1.8 billion, has rebounded from the daily 50 Moving Average (MA) despite the low bullish sentiment.
Top SOL-based Altcoins to Consider Ahead
In addition to Solana-based meme coins, the growing adoption of the network’s web3 projects has bolstered their respective tokens. The top two tokens based on the Solana to consider amid the Breakpoint event include Jupiter (JUP), Jito (JTO), and Kamino (KMNO).
Notably, the three web3 projects have the highest total value locked, and net daily active users.
According to the latest crypto market data as of this report, KMNO and JTO prices continue to hover around their respective trading-launch value. Meanwhile, JUP price has been retesting its 2023 bear market lows despite Solana’s mainstream adoption.
