3 Solana Coins That Could 10X if SOL Hits $1,000

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As a seasoned crypto investor with a knack for spotting undervalued gems, I find myself intrigued by the potential of Solana-based coins, especially Dogwifhat (WIF), Bonk (BONK), and Trump (MAGA).

As a researcher observing the cryptocurrency market, I’m excited to report a potential bull run on the horizon. This surge seems to stem from investors’ optimistic outlook towards the U.S. presidential election. Interestingly, Bitcoin is approaching its all-time high once more. Notably, in this renewed uptrend, seasoned crypto analysts have set an ambitious goal of $1,000 for Solana (SOL). Should this target be reached, each Solana coin could potentially multiply by ten times, offering substantial returns to its holders.

3 Solana Coin Poised for 10X Gains if SOL Reaches $1,000

The surge in Bitcoin’s price, striving to hit a new record, has fueled the overall market’s upward trend. This bullish push has sparked a fresh uptrend for many major altcoins like SOL. As crypto investors set their sights on a $1000 goal for this asset, here are three Solana coins that could potentially multiply by 10 times.

Dogwifhat (WIF)

Among all memecoins built on the Solana platform, DogeWhale (WIF) is leading due to its potential for a significant turnaround. Over the past week, the price of WIF has shown strong movement, dropping from $2.7 to $2.01, representing a 25% decrease.

If the selling pressure continues, the Dogewhats price might drop by around 5%, looking for a point of support at an established trendline that’s been in place for some time. Historically, this line has shown strength, often leading to substantial rallies for this memecoin, hinting at a possible recovery on the horizon.

Moreover, the Weighted Funding Rate on WIF (Weighted Interest Fee) climbed up to 0.00618 as per CoinGlass’s data. This positive figure signifies that long-term investors are paying more than short-term ones to maintain their positions, suggesting a bullish outlook in the market.

3 Solana Coins That Could 10X if SOL Hits $1,000

Bonk (BONK)

Over the past eight months, the BONK price has traded sideways, resonating within a symmetrical triangle pattern. Theoretically, the pattern shows an active consolidation between two converging trendlines, which recuperates the momentum of the prevailing trend. 

Today in the cryptocurrency market, the price of BONK was at $0.000019, marking a 0.33% decrease for the day. As per data from CoinGecko, its total market capitalization stands at approximately $1.244 Billion, and its 24-hour trading volume reached around $145.2 Million.

A potential breakout from the triangle’s upper boundary will signal a major trend reversal.

3 Solana Coins That Could 10X if SOL Hits $1,000

Trump (MAGA)

The phrase “MAGA” means “Make America Great Again,” a term that gained prominence during former U.S. President Donald Trump’s 2016 campaign. Among other Solana coins, TRUMP appears to have the greatest potential for significant transformation in light of the ongoing U.S. presidential election this week.

At present, the MAGA token is valued at around $3.73 USD, giving it a total market value of approximately 166.2 million dollars. Today, it has seen an increase of 10.3%, which is helping to shape a potential bullish ‘cup and handle’ pattern in its price chart.

Due to this pattern’s impact, the TRUMP price appears set for a significant 50% increase prior to a substantial breakthrough.

3 Solana Coins That Could 10X if SOL Hits $1,000

Conclusion

If SOL targets a possible rise to $1,000, projects built on its technology and ecosystem might witness significant expansion. Notably, coins associated with the Solana network like WIF, BONK, and TRUMP are three promising candidates that could significantly increase in value, potentially multiplying their worth up to 10 times, yielding impressive returns.

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2024-11-04 22:10