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Author Topic: Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing .....  (Read 1719 times)

Offline Papusha20

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Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance
Details
A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset.

Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps).

This week, the project’s native token PYTH soared to a seven-day high of $0.539 from a weekly low of $0.378, an increase of 42.59%. The 96th-ranked crypto asset by market cap has retraced from its recent high and is trading at $0.461 at time of writing.

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Re: Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing .....
« Reply #2 on: February 08, 2024, 08:54:46 PM »
How do you even get Pyth? Do you need to participate or do some stuff to be eligible? Would it have airdrops or something? I think it's a great coin and could continue to rise, wow.

According to Pyth airdrop, you can only be eligible if you interact with apps that use Pyth data on any supported blockchain like Solana or have special community roles in their discord server.

And take note it is not a coin but a token it is a Solana native token and yes it has had a stable price increase since January 11 but the price still the same as what it was last year.
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Re: Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing .....
« Reply #3 on: February 08, 2024, 09:15:21 PM »
Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing on Top Crypto Exchange Binance
Details
A Solana (SOL)-based altcoin rallied by more than 42% this week amid news that Binance is adding spot trading support for the digital asset.

Pyth Network (PYTH) is an oracle network that aims to provide real-time financial data to smart contracts and decentralized applications (DApps).

This week, the project’s native token PYTH soared to a seven-day high of $0.539 from a weekly low of $0.378, an increase of 42.59%. The 96th-ranked crypto asset by market cap has retraced from its recent high and is trading at $0.461 at time of writing.
After recovering from the FTX scandal, the Solana ecosystem grew faster than I dared to expect. The growing number of projects and tokens in the Solana ecosystem is the best evidence. Congratulations on the return of Solana in the race with Ethereum and BNB chain.

Accordingly, Pyth is also expected to become extremely important in the Solana ecosystem, being able to compete and surpass Chainlink in the oracle field[1]. However, ChainLink is a giant in this market, PYTH will need more time to catch up with LINK in terms of capitalization. PYTH is at position #88 with cap = $715M, LINK is at position #12 with cap = $10.6B.

[1] Is PYTH The Next Chainlink? Here’s Why PYTH Price Can Rally To $1
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Re: Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing .....
« Reply #4 on: February 11, 2024, 02:55:32 PM »
I once received advice from my friend, if you want to invest, enter the Solana network. On the Solana Network there will be many new Altcoins that can experience extraordinary price increases, perhaps one of them is PYTH. And I actually believe my friend, because I see that not only PYTH is successfully running on the Solana network. 
And there are many more new crypto projects running on the Solana network which have also been successful in getting great support from the community. 
So let's hunt for new coins from the Solana network to invest in, and wish us luck.

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Re: Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing .....
« Reply #5 on: February 20, 2024, 04:48:33 PM »
I once received advice from my friend, if you want to invest, enter the Solana network. On the Solana Network there will be many new Altcoins that can experience extraordinary price increases, perhaps one of them is PYTH. And I actually believe my friend, because I see that not only PYTH is successfully running on the Solana network. 
And there are many more new crypto projects running on the Solana network which have also been successful in getting great support from the community. 
So let's hunt for new coins from the Solana network to invest in, and wish us luck.
Do you need to invest in it or just get it with an airdrop? Because I remember that if you use the tokens in their network, you would get a chance to get an airdrop for your participation or something. I haven't tried or discovered something that has that kind of airdrop that gives a lot of money. I do hope that I will be able to participate in something like this. Is PYTH done with these? I saw JUPE as the latest one I think.

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Re: Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing .....
« Reply #6 on: February 21, 2024, 05:12:19 PM »
I once received advice from my friend, if you want to invest, enter the Solana network. On the Solana Network there will be many new Altcoins that can experience extraordinary price increases, perhaps one of them is PYTH. And I actually believe my friend, because I see that not only PYTH is successfully running on the Solana network. 
And there are many more new crypto projects running on the Solana network which have also been successful in getting great support from the community. 
So let's hunt for new coins from the Solana network to invest in, and wish us luck.
Do you need to invest in it or just get it with an airdrop? Because I remember that if you use the tokens in their network, you would get a chance to get an airdrop for your participation or something. I haven't tried or discovered something that has that kind of airdrop that gives a lot of money. I do hope that I will be able to participate in something like this. Is PYTH done with these? I saw JUPE as the latest one I think.
I often buy new coins on the Solana network, such as WEN and JUP yesterday. But I haven't made a big profit yet, but I'm still holding on. I don't really understand Pyth, but it seems like the event is still running now.
Yes, there are lots of airdrops running on the Solana platform, even though it's just swaps, we can qualify. And currently I am joining Airdrop Marginfi and Kamino which run on the Solana Network.

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Re: Solana-Based Altcoin Surges More Than 42% This Week Amid New Listing .....
« Reply #6 on: February 21, 2024, 05:12:19 PM »


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I once received advice from my friend, if you want to invest, enter the Solana network. On the Solana Network there will be many new Altcoins that can experience extraordinary price increases, perhaps one of them is PYTH. And I actually believe my friend, because I see that not only PYTH is successfully running on the Solana network. 
And there are many more new crypto projects running on the Solana network which have also been successful in getting great support from the community. 
So let's hunt for new coins from the Solana network to invest in, and wish us luck.
Do you need to invest in it or just get it with an airdrop? Because I remember that if you use the tokens in their network, you would get a chance to get an airdrop for your participation or something. I haven't tried or discovered something that has that kind of airdrop that gives a lot of money. I do hope that I will be able to participate in something like this. Is PYTH done with these? I saw JUPE as the latest one I think.
I often buy new coins on the Solana network, such as WEN and JUP yesterday. But I haven't made a big profit yet, but I'm still holding on. I don't really understand Pyth, but it seems like the event is still running now.
Yes, there are lots of airdrops running on the Solana platform, even though it's just swaps, we can qualify. And currently I am joining Airdrop Marginfi and Kamino which run on the Solana Network.
When you frequently purchase JUP and WEN, it is very good because there is a possibility that there will be another airdrop that can be obtained without any confirmation from JUP users. However, this is not necessarily true because it depends on whether the Jup developer wants to distribute coins for free again or not.

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This is why I like to buy coins before their Binance listing. $PYTH used its Binance listing to find the bottom, and people who invested before then would be in profit right now. The best decision is to invest before the Binance listing, and you are going to be in profit for sure.

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So let's hunt for new coins from the Solana network to invest in, and wish us luck.
Yeah, we absolutely need luck in investing these days. Crypto is now more complicated than it used to be as the world keeps evolving.

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This is why I like to buy coins before their Binance listing. $PYTH used its Binance listing to find the bottom, and people who invested before then would be in profit right now. The best decision is to invest before the Binance listing, and you are going to be in profit for sure.
Typically, the price of many tokens will increase sharply immediately after they are listed on Binance because Binance is still the largest global CEX with hundreds of millions of users. The price increase of PYTH can also be supported by the Binance listing, but I usually pay attention to the long-term potential of Pyth Network in the oracle sector. This means that the price immediately after listing may still be really attractive to buy PYTH if investors believe that the PYTH price will be even higher in the future.

PYTH price has increased +147% after being listed on Binance, but has also experienced a price decrease of -25% and the current PYTH price is lower than the listing price. I choose to believe in the true value of PYTH when DeFi + RWA trends will explode in the next few months, so I think PYTH will still be on my watchlist in this bullrun. For those who regret not buying PYTH before or immediately after listing, this may be an opportunity for them to accumulate PYTH!

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The talk of the crypto networks recently is Solana and Ton networks, because they have been presenting the industry with interesting projects that have given hope and raised expectations upon all the crypto enthusiast and investors to have something to fall back on and invest, most of the performing coins and tokens are from them and many more are still pilling up to use the networks.

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So let's hunt for new coins from the Solana network to invest in, and wish us luck.
Yeah, we absolutely need luck in investing these days. Crypto is now more complicated than it used to be as the world keeps evolving.
If compared to before, now there are actually more choices for us to invest or trade in Cryptocurrency.  The very fast growth of cryptocurrencies has now given birth to new blockchains with a larger collection of crypto coins, perhaps this is what sometimes makes it difficult for us to choose. However, this rapid crypto development is precisely what we want, and this will give us the opportunity to gain greater profits.

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If compared to before, now there are actually more choices for us to invest or trade in Cryptocurrency.  The very fast growth of cryptocurrencies has now given birth to new blockchains with a larger collection of crypto coins, perhaps this is what sometimes makes it difficult for us to choose. However, this rapid crypto development is precisely what we want, and this will give us the opportunity to gain greater profits.
Because the Solana network is currently hyped, I think to choose some tokens or coins that operate on Solana's blockchain, it still has a chance to explode.... Until now it seems like the majority of the cryptocurrency community is also starting to look at Solana because it has strong competitiveness. better than ETH or BNB at the moment...

smart contracts and the ability to release dapps make the Solana blockchain another consideration...keep in mind that many tokens start to show trends when they are launched on the Solana blockchain.

news of listing on a top exchanger is often the pump moment that is most welcomed by many people, but we also have to be able to focus on the real condition of the token before actually buying for a certain period of time. because usually the pump when listing a coin only lasts for a short time, and if it is not connected with other developments by the related project, it will stop and the price will tend to fall in the medium term.

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Because the Solana network is currently hyped, I think to choose some tokens or coins that operate on Solana's blockchain, it still has a chance to explode.... Until now it seems like the majority of the cryptocurrency community is also starting to look at Solana because it has strong competitiveness. better than ETH or BNB at the moment...

smart contracts and the ability to release dapps make the Solana blockchain another consideration...keep in mind that many tokens start to show trends when they are launched on the Solana blockchain.

news of listing on a top exchanger is often the pump moment that is most welcomed by many people, but we also have to be able to focus on the real condition of the token before actually buying for a certain period of time. because usually the pump when listing a coin only lasts for a short time, and if it is not connected with other developments by the related project, it will stop and the price will tend to fall in the medium term.
Solana has many advantages to attract projects, users and investors: high speed + low cost + popularity + large community + support from large funds + top coin + SOL price has recovered impressively. I believe that Solana will continue to be the most talked-about blockchain in this bullrun as Ethereum's biggest competitor. Avalanche, Near and Ton are also very good but cannot be compared to Solana.

Because Pyth Network operates on Solana, I also have high expectations for the success of PYTH token when it can be as successful as LINK on Ethereum. Honestly, it's a pity that big projects like Serum and Saber were once very famous on Solana in 2021 but now no longer attract investor attention, and Solana is only mentioned in the memecoins trend after BONK success.
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