Crypto

Move Over Solana: The Rising Crypto Star of 2024

10 months ago
Bitcoin Ethereum News

In the dynamic world of cryptocurrency, Solana (SOL) is progressing notably with its forthcoming enhancements designed to boost network efficiency and expandability. Major updates such as token augmentations and the Firedancer enhancement are poised to improve Solana (SOL) capabilities, with the potential to handle over 1 million transactions every second for each core. These advancements, along with growing support from institutional players, indicate a bright outlook for Solana (SOL).

Nevertheless, in spite of these developments, there is an increasing belief that Solana (SOL) growth may level off. This creates a perfect opportunity for an altcoin to establish a position with substantial upside potential. We discovered one such cryptocurrency that is poised to capitalize on the potential stagnation of Solana (SOL) and any other crypto market happening. In fact, some experts say that it’s potentially going to grow no matter what happens with Solana (SOL) or any other coin.

Solana (SOL): Balancing Innovation with Market Challenges

Solana (SOL) is experiencing a period of significant development and innovation, setting the stage for enhanced blockchain performance and broader adoption in 2024. The network is anticipating several advancements, including token extensions to improve token flexibility and ease of development. Additionally, the introduction of Firedancer, a major upgrade to the Solana (SOL) validator client, shows potential for processing over 1 million transactions per second per core, potentially elevating performance to new heights. Institutional support, such as Solana blockchain node blueprints on AWS and Solana (SOL) data integration on Google Cloud’s BigQuery, is expected to lower entry barriers for enterprises and stimulate broader adoption.

Solana (SOL) displays moderate volatility with a recent weekly gain of 5.04%, indicating a short-term upward trend. The immediate resistance level is at $105.57, with potential for further gains if bullish momentum continues. However, oscillators suggest caution; the Relative Strength Index (14) at 40.36 leans towards bearish sentiment, and the Awesome Oscillator at -1.9521 signals selling pressure. The immediate support level is at $83.68, which, if breached, could lead to testing the next support at $73.52.

Looking ahead, if Solana’s (SOL) upcoming developments translate into increased network performance and adoption, there could be a bullish case for the coin to retest its 7-day high of $106.95 and potentially challenge the resistance at $117.31. Conversely, if market sentiment shifts negatively or the upgrades fail to meet expectations, Solana (SOL) could drop to test its 7-day low of $90.16, and in a bearish downturn, it might approach its monthly low.

ScapesMania: A Newcomer to the Crypto Scene

ScapesMania is a one-of-a-kind gaming ecosystem, where crypto-savvy audiences join forces with the vibrant community of casual players, paving the way to substantial growth. The ScapesMania community is buzzing with enthusiasm, which is reflected in more than $4,393,000 raised from crowd/retail contributions to date.

Empowering Holders

ScapesMania ensures participants get precisely what they desire: gamers enjoy their favorite pastime, while crypto enthusiasts can leverage the ecosystem’s performance and shape its future through DAO, all without engaging in gameplay.

Furthermore, acquiring ScapesMania tokens unlocks extra perks. By joining the presale, you can access bonuses totaling up to 107%. You can also earn referral rewards by introducing ScapesMania to your friends. Plus, holders can participate in token buyback & burn events as well as staking.

Verified Excellence

ScapesMania’s smart contract has successfully undergone scrutiny from leading security-ranking companies, providing peace of mind for holders.

Behind ScapesMania is an award-winning team that secured a prestigious grant from a prominent player in the blockchain industry. The team is constantly engaging with a flourishing community of over 60K followers.

Potential for Expansion

ScapesMania is part of the massive $376 billion gaming industry, and its growth potential is fueled by this booming market. Already featured on major tracking platforms, ScapesMania is expected to hit major exchanges soon, with negotiations currently underway. After its debut on exchange platforms, holders can expect greater liquidity and easier access to trade.

In recent developments, a wave of momentum was created by crypto whales choosing ScapesMania as their next big potential gainer.

ScapeMania’s Prospects

ScapesMania tokens are currently a steal, priced at just $0.00769 per coin during the presale. As the last sales stage price is set at $0.01, early adopters could potentially be looking at a +30% return after the ScapesMania presale concludes. If you have shorter-term objectives, like saving money for a major purchase, the relatively small but quick potential returns can be just what you need. Of course, the already-advantageous ROI can only be just the beginning as ScapesMania has ambitious plans for its multi-stage post-listing development.

The innovative core concept, robust tokenomics, stage bonuses, and benefits for holders have the potential to further increase the project’s value. Generating more and more buzz with the fast-approaching launch, ScapesMania has many crypto experts marking their calendars, so now could be the best moment to become part of the community of the holders.

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Conclusion

In the crypto market, Solana (SOL) is advancing with significant upgrades, aiming to boost its network capabilities. On the other hand, ScapesMania is emerging as a strong contender. If Solana (SOL) ever makes a wrong step, a project like ScapesMania could potentially take its spot in 2024.

Source: https://blockonomi.com/move-over-solana-the-rising-crypto-star-of-2024/