Solana Price Prediction: Solana Price Surges 7% While New SOL Meme Coin Smog Explodes Onto The Scene With 1,288% Pump

The Solana worth has surged 7% during the last 24 hours to commerce for $101.25 as of 1:10 a.m. EST time on buying and selling quantity that jumped nearly 20%.

It comes amid a latest flurry of developments regarding Solana. For starters, the muse has just lately collaborated with Abu Dhabi Free Zone for Web3 push.

One other #achievement from Abu Dhabi World Market (ADGM)

With the #enrollment of #IOTA and a brand new #partnership with the Solana Basis, ADGM is exhibiting as soon as extra its #commitment to fostering progress and development within the #digitalasset business.

By leveraging the #expertise… pic.twitter.com/NJi84LNtGU

— Unlock Blockchain (@unlockbc) February 7, 2024

Elsewhere, the Solana Basis has known as for proposals to drive the event of open-source safety instruments for Solana.

1/ Request for Proposals Announcement: The Solana Basis is on the lookout for proposals to drive improvement of open supply safety instruments for Solana.

Three RFPs embody:
– Pre-Deployment Program Evaluation
– Submit-Deployment Monitoring Tooling
– Program Verification

Extra & apply

— Solana Basis (@SolanaFndn) February 7, 2024

However, the primary driver behind the surge within the Solana worth is the a number of initiatives sprouting from its blockchain. Amongst them, Bonk Inu (BONK), Myro (MYRO), and Jupiter DEXe’s JUP token, with one person lauding Solana for showcasing and enabling “entry to the very best of the very best.”

1/ Enthusiastic about investing in #Solana initiatives however overwhelmed by the choices? Let’s discuss in regards to the significance of curated initiatives and the way Solsender ensures you are accessing the very best of the very best. #Solsender #Blockchain pic.twitter.com/XGxlaL7tkR

— SolSender (@solsender_) February 7, 2024

In accordance with Santiment analysts, Solana is without doubt one of the few altcoins which have managed to outperform Bitcoin this week.

#Solana is without doubt one of the few #altcoins outperforming #Bitcoin this week, surging again above $102. Up to now 36 hours, $SOL / $BTC is +4.5%. The outage that involved merchants Monday ended up being a neighborhood backside, with the #FUD fueling this worth rebound. https://t.co/lUC0DBS5B3 pic.twitter.com/1NTk5R4QBj

— Santiment (@santimentfeed) February 8, 2024

Solana Value Outlook As

The Solana worth is consolidating alongside an ascending trendline. That is a part of a restoration rally after SOL slipped under the confines of an ascending parallel channel. With the Easy Shifting Averages (SMAs) inclined north, that is the trail with the least resistance.

The Relative Power Index (RSI) can also be above the 50 stage, with each the Shifting Common Convergence Divergence (MACD) and Superior Oscillator (AO) in constructive territory. These add credence to the bullish thesis.

Elevated shopping for stress might see the Solana worth lengthen the climb into the provision zone between $107.92 and $121.19. A decisive breach of its midline at $114.76 would affirm the continuation of the uptrend.

This might see the Solana worth flip the provision zone right into a bullish breaker, earlier than tagging the $126.36 blockade.  In a extremely bullish case, the Layer 1 (L1) token might lengthen the climb to $140.00 psychological stage. Such a transfer would represent a 40% climb above present ranges.

TradingView: SOL/USDT 1-day chart

On the flip facet, elevated vendor momentum might see the Solana worth lose assist as a result of ascending trendline. A decisive breakdown, confirmed by an in depth under $89.02 would invalidate the bullish thesis. This might see the Solana worth roll over to the $68.03 assist. Such a transfer would denote a 33% drop under present ranges.

In the meantime, new Solana-based meme coin Smog exploded onto the meme coin scene on Feb. 7 with a 1,288% pump on launch.

Promising Various To Solana

Smog, making its debut through the Jupiter DEX, guarantees the mom of all airdrop campaigns, constructing atop the success of latest breakout launches on Solana akin to Myro, Bonk, and Dogwifhat.

Welcome to #SMOG, noble adventurers!

The time has come for a grand ceremony below the watchful gaze of the dragon!

The best #SOL #Airdrop in historical past, the place loyalty is rewarded with treasures as radiant because the treasures of gold.

Let the hunt start! pic.twitter.com/22npUXx2Z5

— SMOG (@SMOGToken) February 6, 2024

The undertaking is dedicated to igniting sensational success with a supercharged airdrop marketing campaign.

Conquer the #Crypto world with #SMOG, the mighty #Memecoin reigning supreme!

Prepared your self for the best upcoming #Airdrop in historical past, earn factors, and stand alongside the dragon because it incinerates all foes! $SMOG Is Now Reside! https://t.co/1rMhrwmIqQ pic.twitter.com/Cu0KxHe2yj

— SMOG (@SMOGToken) February 7, 2024

The undertaking’s tokenomics comprise an allocation for the airdrop as Smog neighborhood members have entry to the best Solana airdrop in historical past. To be able to take part within the SMOG airdrop marketing campaign, merchants might want to use a Solana-compatible pockets akin to Phantom. The undertaking can also be more likely to go dwell on CoinMarketCap quickly.

@CoinMarketCap We now have utilized for a token replace/itemizing (846804)

— SMOG (@SMOGToken) February 7, 2024

Use SOL, USDT, or BONK tokens to swap for Smog through the Jupiter DEX aggregator or Birdeye. Tackle the problem of finishing the neighborhood process listing on Zealy to extend your probabilities of being chosen for the Loyal Chosen. This additionally helps you enhance your airdrop earnings.

Be a part of the Smog neighborhood on X (Twitter), Discord, and Telegram to remain tuned with the most recent information and updates. You can too discover the Lite Paper to seek out out extra.

Go to and purchase SMOG right here

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