Solana is one of the leading cryptos on the market, and as such, it appears on all major CEX/DEX listings worldwide. Traders were worried that the price of SOL tokens would plummet after FTX was finally liquidated since well over $1 billion worth of SOL tokens were locked there. The amount equals 16% of all SOL tokens in circulation, but SOL gained over 4% in a single day instead of losing value.
SOL tokens were stable at around $19 for over a year, but the recent boost pushed it to $19.46. Solana keeps growing steadily by the day, so let’s see what the experts say and why you should consider investing in other platforms like Wall Street Memes, Bitcoin BSC, and Launchpad XYZ.
Is Solana In Recovery Mode?
Solana has been up by almost 12% in the past week and significantly increased 24-trading volume. The SOL token selloff is underway, but the price increase is not stopping. Solana has been losing value steadily since last year’s high of $31, but the downtrend stopped in mid-August this year and is still going strong.
SOL tokens have broken resistance levels in the past few weeks and are nearing the $21 price range, which could result in increased support among investors. If that happens, SOL could reach $22 in the next few months. All of these factors clearly show that the SOL token selloff is coming to an end, and the platform is preparing for a bullish phase.
Solana Price Prediction 2023
SOL tokens are not expected to reach a price higher than $22.23 by the end of 2023. Even if that prediction is very optimistic, it would become a reality; you would get around 5% in ROI, which is not bad. However, the price is expected to stay in the $22 range until 2025, when it could grow to $55 by the end of the year. Therefore, Solana is undoubtedly a good long-term investment option, but it’s not the best choice if you’re looking for high short-term gains. So, let’s see which cryptos are gearing up for a bull run that could result in 2,000% gains or higher.
Alternative Platforms With Higher Growth Potential
2023 has been a great year for cryptocurrency markets after massive losses in 2022. However, while most cryptos doubled in value since the beginning of the year, the growth has slowed almost to a stop. Only a few rare cryptos could result in high gains this year, most of which were newly released platforms launched this year. Numerous other platforms will go live in the following months, so let’s look at the best options.
Wall Street Memes – Meme Coin With a Massive Backing
Wall Street Memes is one of the most exciting new cryptocurrencies in presale since mid-2021. It’s primarily a meme coin platform designed to make fun of current crypto and financial markets. However, the platform is developed by Wall Street Bulls, a massive Reddit community that held its ground against much bigger and wealthier players in the past. Namely, the same community is responsible for the GameStop stock controversy in 2021 that whipped out one of the largest hedge funds on the planet, proving that the regular Joe can win a battle against a much bigger opponent.
Wall Street Memes is a tokenization of a massive 1.1 million strong online community. The official presale event raised well over $25 million in a couple of months, and $WSM tokens are still selling like wildfire. The platform is set to go live on September 25, and once it does, $WSM tokens could explode, resulting in massive returns for all early investors. It’s still not too late to get your tokens, but hurry up, as there are only a few thousand left before the event ends.
Bitcoin BSC – New Bitcoin Staking Platform Built on the Binance Smart Chain
Bitcoin BSC is another high-potential emerging cryptocurrency you can buy in presale. It’s entirely inspired by the original Bitcoin, so it features the same number of tokens in circulation, the same coin allocation, and other features. However, the difference is that Bitcoin BSC uses the far more efficient Proof-of-Stake (PoS) mechanism to reward token holders with more $BTCBSC tokens, while the original Bitcoin uses the Proof-of-Work (PoW).
Another difference is that Bitcoin BSC is built on the BNB chain, which uses the same code as the Ethereum network, so it has the same state-of-the-art security features and smart contract capabilities. The presale has only 6.125 million tokens available, while the remaining 14.75 million tokens will be given out through staking rewards in the next 120 years.
The $BTCBSC presale raised over $2.85 million in a week and is around $1 million away from hitting the soft cap of $6 million. Don’t wait another second and get your $BTCBSC tokens for only $0.99.
Launchpad XYZ – Crypto Trading Platform With Access to All Web3 Products
Lastly, we have Launchpad XYZ, another emerging crypto platform with a lot to offer. Its primary goal is to help spread Web3 adoption by providing users with an all-in-one platform to get the latest information about all Web3 projects, IEOs, P2E games, and more.
Users will be able to use native $LPX tokens to purchase paid subscriptions to gain access to advanced features that will give them an edge in future trading. That includes AI crypto analytics, access to trading terminals, notifications on the best trades, the ability to copy whale transfers, and much more. Visit the official site and get your $LPX tokens before the platform goes live to get the highest returns in the future.
Solana is finally making a comeback, but even the most optimistic price predictions don’t expect any significant bull runs in the next year and a half. However, SOL tokens are still an excellent long-term investment. Still, if you’re looking for high returns in the short term, you’re much better off investing in upcoming platforms, especially Wall Street Memes, which is about to go live on September 25. Visit the official site and get your $WSM tokens in presale before the event ends.