Expert predicts Solana’s price to surge by 300%, plus a rise in this memecoin
Release: 2024/05/03 20:59 Reading: 514
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Solana's Price Dip: A Temporary Setback with Potential for a 300% Rally
Solana's recent price dip to $135 has not dampened expert predictions of a potential 300% rally in 2024, along with the emergence of a new memecoin showing promise.
Solana's Bullish Run and Recent Correction
Solana has been a frontrunner in this year's bull run, reaching a new all-time high in monthly trading volume of $58.4 billion in March and prices as high as $200. However, in recent weeks, trading has slowed, and the coin price has dipped to $135.
Expert Predictions of a Recovery
Many experts believe this correction is temporary and will lead to a promising recovery. Crypto expert Jacob "Crypto" Bury has predicted that Solana could reach 3-4x in 2024, as outlined in a recent X post.
Dogeverse: A Promising Solana Meme Coin
Bury has also highlighted Dogeverse (DOGEVERSE) as a Solana meme coin with high potential. Currently in presale, Dogeverse is poised to gain momentum.
Solana's Price Rally Potential
2023 was a challenging year for crypto, with prices falling and stagnating. Solana's price struggled to make significant gains until the end of the year, when it surged past $100.
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From there, Solana soared to new heights, reaching $200. However, trading volume has since slowed, and the price has dropped to $135. Recent analysis suggests that this dip may be temporary, and the price could surge 300%.
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Jacob's Analysis
Jacob points out that Solana has jumped 500-600% since 2023, so a similar jump is possible. He also highlights that even if Solana maintains its 2.8% market dominance, the crypto industry's expected growth to $10 trillion could lead to a Solana market cap of $280 billion.
Memecoin Mania and Dogeverse
Memecoins have dominated the bull run, becoming a popular narrative in the first quarter of 2024. Dogeverse is a new Solana memecoin that has attracted attention from experts.
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Dogeverse's Potential
Dogeverse has the potential to follow in the footsteps of successful meme coins like Book of Meme and Bonk. The token is in presale and has already raised over $13 million. Holders can stake the token for a generous yield.
Conclusion
Solana's recent price dip is seen as a temporary correction, with experts predicting a potential 300% rally in 2024. Dogeverse, a new Solana meme coin, is also showing promise. It remains important to conduct thorough research before making any investment decisions.
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