In this article, we will discuss 10 Solana-based altcoins that have great potential to experience significant increases in their value. Let's take a closer look at these altcoins and what makes them so attractive to investors.
Helium (HNT)
Helium (HNT) has recorded a trading volume of $4.27 million in the past day, despite a price decline of 6.82%. This shows that traders still have high interest in this token. Helium, known for its decentralized network for Internet of Things (IoT) devices, has strong fundamentals and an attractive long-term project.
Technical analysis shows the potential for a significant bullish reversal, with the price possibly rising to $6,525 if positive momentum returns.
However, the highly volatile crypto market means there is a risk that the bearish trend could continue, which could cause the price to fall further to reach the support level at $2,510. For investors who believe in Helium's long-term vision, this could be an opportunity to buy Helium (HNT to IDR) on the INDODAX Market when prices are low, while remaining careful of the potential for further declines.
Serum (SRM)
Serum (SRM) currently continues to be in a bearish trend, with a decline of 5.55% in the last seven days and 18.08% in the last 30 days. Nonetheless, the potential for a bullish convergence of the Simple Moving Average (SMA) remains, which could bring the SRM price back to the $0.05415 level.
Serum, as a DeFi protocol that offers high-speed, low-cost trading, has strong appeal among investors seeking opportunities in the Solana ecosystem.
However, volatile market conditions make this prediction full of uncertainty. If bearish pressure remains dominant, there is a possibility that SRM price could continue to fall until it reaches the critical support level at $0.030. For optimistic investors, this dip may be viewed as an opportunity to buy at lower prices, while remaining alert to the risk of further declines.
Dogwifhat (WIF)
Dogwifhat (WIF) has experienced a significant decline of 5.60% in the last day and around 30% in the last seven days, reflecting the bearish sentiment that dominates the market, as we quoted from coinpedia.org. The Simple Moving Average (SMA) indicator shows strong resistance, but the potential for a bullish reversal remains.
If the market reverses direction and positive momentum returns, the price of WIF could skyrocket to as high as $3,990. As a memecoin, Dogwifhat has high volatility, which can attract traders looking for quick profits.
However, if the bearish trend continues and selling pressure remains high, the price could continue to fall until it hits the critical support level at $1. For investors interested in potential price spikes, this may be a good time to pay attention to Dogwifhat (WIF to IDR) movements, but stick with a strict risk management strategy given the inherent volatility of this type of asset.
Band Protocol (BAND)
Band Protocol (BAND) has experienced a significant decline of 35.63% in the last 30 days, reflecting strong bearish pressure. The Relative Strength Index (RSI) indicator shows a strong oversold trend, indicating that BAND may already be at an oversold point.
If the price can stay above the critical support level of $1,041, there is potential for a rebound that could push the price up to $2. Band Protocol, as a data oracle platform that provides decentralized data for various blockchain applications, has strong fundamentals and solid community support.
However, if the bearish trend continues and the price cannot stay above this support level, BAND could continue to decline to new yearly lows.
For investors who believe in the long-term potential of Band Protocol, this downturn may be seen as an opportunity to accumulate more tokens at lower prices. However, it is important to always consider risks and remain alert to market volatility.
GMT (GMT)
The GMT crypto asset recorded an astonishing 140% increase in trading volume in the last 24 hours, despite a price decline of 3.01% in the past day.
This spike in trading volume indicates high interest from traders and investors, which could be an early signal for a potential bullish reversal. If the positive momentum continues, GMT price could rise until it reaches the resistance level at $0.280.
GMT is known as a token used in an ecosystem of innovative blockchain-based projects, and increasing trading volumes may reflect market confidence in its long-term prospects.
However, the highly volatile crypto market also means that if bearish pressure remains strong, the price of GMT could continue to fall until it reaches the critical support level at $0.1125. For optimistic investors, this increase in trading volume could be an early indicator for investment opportunities in GMT (GMT to IDR) crypto assets on INDODAX, but it must still be balanced with a strict risk management strategy.
Audio (AUDIO)
Audius (AUDIO) recorded a price drop of 6.91% in the past day, reflecting strong selling pressure in the market. The Relative Strength Index (RSI) indicator shows significant selling pressure, which indicates that bearish sentiment is currently dominating price movements.
However, if AUDIO price can sustain above the critical support level of $0.140, there is a chance for a bullish reversal that could push the price up to $0.2270. Audius, as a decentralized music streaming platform, has strong fundamentals and a growing user base, which could be a price driver in the future.
However, if the bearish trend continues and the price falls below the support level, AUDIO could continue to decline until it reaches the next support level at $0.0975. For investors who believe in Audius' long-term vision, this dip may be an opportunity to buy at lower prices, while remaining alert to the risk of high volatility in the crypto market.
Pyth Network (PYTH)
Pyth Network (PYTH) saw its price drop by 5.33% in the past day, reflecting ongoing selling pressure. However, there is a potential bullish reversal that could bring the PYTH price up to $0.5430.
Pyth Network is a platform that provides real-time market price data for DeFi applications, which have strong fundamentals and a growing user base. This potential price increase is supported by projects that focus on integrating accurate and trustworthy data into the blockchain ecosystem, making it attractive to investors looking for opportunities in the DeFi sector.
However, the highly volatile crypto market means that if the bearish trend continues, the price of PYTH could continue to decline until it reaches the support level at $0.2580.
For investors who believe in the long-term potential of Pyth Network (PYTH to IDR), this downturn could be seen as an opportunity to accumulate more tokens at lower prices. However, it is important to always consider risks and monitor market movements closely to make informed investment decisions.
The Graph (GRT)
The Graph (GRT) recorded a price drop of 4.47% in the last 24 hours, reflecting ongoing selling pressure. The Graph, known as an indexing protocol for querying data from blockchain, has strong fundamentals and widespread use in the DeFi ecosystem. A potential bullish reversal could bring GRT price up to reach the resistance level at $0.3550, driven by the growing interest in decentralized indexing services.
However, the highly volatile crypto market also means that if the bearish trend continues, the GRT price could continue to fall until it reaches the critical support level at $0.1250. This price drop can be seen as an opportunity for investors who believe in the long-term potential of The Graph (GRT to IDR) to buy at a lower price.
However, it is important to always consider risks and use appropriate risk management strategies. By closely monitoring market movements and technical indicators, investors can make more informed and strategic decisions.
Book of Meme (BOME)
Book of Meme (BOME) recorded a price drop of 7.83% in the past day, although trading volume rose significantly by 78.29%. This spike in trading volume indicates high interest from traders and investors, which could be an early signal for a potential bullish reversal. If the positive momentum continues, BOME price could rise until it reaches the resistance level at $0.015175.
As one of the memecoins, Book of Meme (BOME to IDR) is known for its high volatility and appeal among the crypto community. However, if the bearish trend remains dominant and selling pressure continues, BOME price could decline until it reaches the critical support level at $0.0010.
For investors who believe in the long-term potential of this memecoin, increased trading volume can be seen as an opportunity to buy at lower prices. However, it is important to always be careful and consider the risks involved, given the high volatility in the crypto market.
GameStop (GME)
GameStop (GME) experienced a significant price drop of 10.90% in the past day, reflecting intense selling pressure in the market. However, there is a potential bullish reversal that could bring the GME price up to reach the resistance level at $0.01736.
GameStop, which has become an icon in the memecoin and retail trading communities, still has strong appeal for investors looking for speculative opportunities. This potential price spike could be driven by renewed interest from traders looking to take advantage of sharp price fluctuations.
However, if the bearish trend persists and selling pressure does not subside, the price of GME could continue to fall until it reaches the critical support level at $0.00349. For investors optimistic about GME's long-term potential, this downturn could be seen as an opportunity to buy at lower prices. However, it is important to always consider risks and use appropriate risk management strategies to avoid major losses in this highly volatile market.
Conclusion
The crypto market is very volatile and full of uncertainty. However, with rumors regarding the Solana ETF, Solana-based altcoins have great potential to experience a bullish reversal. For traders, this could be a good time to “hodl” or even add to their portfolio before the bullish rally begins. However, always do in-depth research before investing in any digital asset.
