The fourth Breakpoint conference will be held in Singapore from September 20 to September 21, Beijing time. As the largest and most influential annual conference of the Solana ecosystem, Breakpoint has always been regarded as a key node for judging the value of the Solana ecosystem and its future development direction. During last year's Breakpoint conference, Solana's price rose sharply, which also made this year's Breakpoint carry more expectations.
The conference will bring together a large number of ecosystem project owners, developers, investors, and industry celebrities to discuss the latest technologies, products, and future trends of the Solana ecosystem. Fabiano.sol, a KOL (key opinion leader) in the Solana ecosystem, also summarized the promotion plans and potential content of multiple ecosystem projects at the Breakpoint conference. These promotion activities will play a vital role in promoting the development of the ecosystem, and may also reveal the "upgrade preview" of the Solana ecosystem in the second half of the year.
For investors who want to gain a deeper understanding of and participate in the Solana ecosystem, the Breakpoint Conference is not only an opportunity to exchange information, but also a journey of discovery to unlock the secrets of wealth.
Solana (SOL) rebounds strongly, hitting a new 52-week high?
In the past 24 hours, Solana (SOL) price has risen by 6.9% to nearly $150, showing a strong recovery momentum. This is the first time SOL has exceeded $140 since September, triggering bullish market sentiment. With the release of the Solana team’s new announcement in the Token2049 event, SOL’s upward trend is expected to continue.
Recent analysis shows that the bull cycle has restarted in a descending triangle pattern. Solana's price has risen by 13.72% in the past three days, forming a classic "Triple White Soldier" pattern, indicating strong market sentiment. The price broke through the 200-day and 50-day moving averages and began to form a rounding bottom reversal. The previous high of $160 and the 50% Fibonacci level of $164 became key resistance levels.
The daily RSI indicator broke through the 50% threshold and rose to 60.29, further confirming the bullish trend. If the recovery continues, SOL is expected to hit a new 52-week high and even break through the psychological barrier of $200 to challenge $210.
Solana Announces New Partnership with Token2049
Solana partners with Backpack to launch real-world use cases and boost market sentiment. With the new Backpack integration, users can now pay for food and coffee in Singapore using the Solana network’s XSGT token.
In addition, the Solana team released the Solana Gen1 PSG1 handheld Web3 gaming device at the Token2049 event, showing its emphasis on the crypto gaming field. Eclipse also announced the upcoming launch of the Solana virtual machine layer 2 on Ethereum, and plans to launch decentralized applications such as Orca and Solend in October, further promoting the expansion of the Dapps network.
Eclipse CEO Vijay Chetty said: “Eclipse inherits the shared security of Ethereum while using the advantages of Solana and Ethereum.”
Is SOL expected to surpass ETH in market value?
At the ongoing Solana BreakPoint event, Cuy Sheffield, head of Visa Crypto, pointed out that 65% of stablecoin transactions on Solana are below $100, which gives it a clear advantage in low-value transactions, while Ethereum’s high transaction fees limit frequent small transactions.
Similarly, at the Token2049 conference, Kyle Samani, co-founder of Multicoin Capital, said that SOL's market value may exceed Ethereum in the future. He pointed out that Ethereum is moving transactions from Layer 1 to Layer 2, which improves efficiency but makes ETH unable to effectively capture transaction value.
Over the past year, Solana’s on-chain transaction volume has sometimes surpassed Ethereum, but the two are now roughly on par. Solana’s token expansion provides Wall Street institutions and payment companies with the required functions that are difficult to achieve on Ethereum. These factors give SOL an advantage in future market competition.
That’s all for today’s article. We are currently in a bull market, and things are turbulent. We share passwords every day.
