AltCoin daily (1.45M followers on Youtube)
Posted 1Day ago , viewed 73K
Solana Price is About To EXPLODE! (Top 7 Airdrops April 2024)
Solana's Performance:
The video starts by discussing Solana's impressive price increase, mentioning it has risen by 1,000% from its market lows. The creator shares their personal investment experiences with Solana, indicating a bullish stance but also noting that many may have bought at higher prices.
Reasons for Price Increase:
Two main reasons are cited for Solana's rising price: a booming ecosystem with surging DEX volumes driven by 5.8 million traders, and an exploding meme coin ecosystem, highlighted by the rise of a meme coin called "Dog with Hat."
Salana's DeFi Landscape:
The influencer emphasizes Solana's thriving DeFi ecosystem, with DEX volumes surpassing $50 billion monthly and revenue reaching $20 million in March, attributing much of this activity to meme coin mania.
Potential Challenges:
Despite the bullish outlook, the video also discusses potential challenges, including increased sell pressure due to unlocked Salana tokens previously locked by FTX, and shifting dynamics within the meme coin trading frenzy from Solana to Ethereum L2s post the Dencon upgrade.
Top 7 Airdrops for April 2024:
Meora: Aims to make Solana a prime trading hub.
Blaze Stake: A non-custodial stake pool protocol.
Sharky: An NFT lending platform offering the SHARKX NFTs.
Camino Finance: Combines lending, liquidity, and leverage.
Zeta Market: A DEX offering centralized exchange speed and user experience.
Parcel: Focuses on Perpetual Futures Trading on real estate markets.
Backpack: A wallet for X NFTs, offering various functionalities.
/.It's important to keep updated with new posts from influencers on different social media platforms. Following some of them could lead to short-term market impacts, bringing opportunities and saving time.
