Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: Dociko on October 27, 2021, 12:24:22 PM
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Derivatives data shows institutional demand remains strong for SOL, and on-chain data points to a rally to $250.
The price of Solana’s SOL coin is meeting resistance near its all-time high again, but solid fundamentals and the impressive growth of its decentralized finance (DeFi) and nonfungible token (NFT) ecosystem are likely to drive the altcoin above $250 before year-end.
Source: Cointelegraph
(https://cointelegraph.com/news/expanding-ecosystem-and-1-86b-futures-open-interest-back-solana-s-250-target)
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Solana is amazing how fast it has gone up and of course Solana has also been targeted to reach 250 USD by all investors and this is truly an extraordinary miracle developed by the team of Solana Coin.
Traders and investors will all want Solana to increase in value even more because Solana's ecosystem is almost similar to Ethereum and Binance Smart Chain.
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The target of the Solana coin is like BNB because BNB is rising very quickly and the ecosystem of Solana is starting to be so wide that all traders and investors know.
Even around me, this Solana coin is starting to become the main choice because this Solana will really be something unique in the future and very worthy of holding.
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I don't know the target of this Solana coin, but every day this Solana coin really keeps going up and it's really very good for those who understand coin development and continue to participate in the technological advancements that the Solana coin has.
I see this Solana will really give something good in the future because Solana now has a lot of DEX which are generally very simple to use and simple trading.
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i think this rally is going really fast, in june i see SOL at $36 and it is currently rising fast, i remember the situation when the BNB coin was pumping fast, it is likely that we will see the price of solana reach a new ATH, because of some information what I see https://solana.com/ecosystem there are already 500 projects in the verified solana ecosystem, and I'm sure it will continue to increase
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Anatoly Yakovenko once said that Solana was created to be an efficient, fast, safe coin and has very large coin transactions in Time Per Second and now it has been proven that Solana coins can be like that in the cryptocurrency market.
Maybe until now no one has been able to beat the Solana coin in terms of its Time Per Second transactions so that the demand for Solana coins is so large and the price is slowly increasing every year and, this is just an analysis of the Solana coin as seen from the actions of Anatoly Yakovenko.
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Solana, when I heard about this coin, I implied a strange project that is difficult to understand how this Solana coin will become the best in the future because in the past this Solana coin was so silenced by all investors.
So far the Solana coin is truly a superior coin and has multiple ecosystems and almost overtook Binance coin in the cryptocurrency market and this is truly a miracle of the Solana coin.
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Indeed, this Solana coin is really very good because I believe that the Solana coin's ecosystem expansion of up to $1.86 Billion is not a small value and I am also sure that the Solana coin in the future will be able to become a super coin that has representatives from every existing platform. .
The Solana coin ecosystem is also really very good and I like this because judging from the cheap transaction fees it is already profitable, I also believe that the Solana coin will become a competitor coin that is able to approach Ethereum and BNB in the future.