The crypto world is abuzz with news that Solana has hit a new threshold in daily active users (DAU) by the end of this month – 2.3 million people on board as of August 28.
This boost shows how much interest the coin is getting, even as the overall market faces some challenges. Could this surge lead to a price spike? In this piece, we’ll try to shed some light on this question.
SOL: A Spike in User Base
Known for its fast transactions, the network has recently seen an uptick in DAU, reaching an all-time high (ATH) of 2.3 million on August 28. This jump reflects growing confidence in the platform, despite some recent dips in the broader market. More users mean more transactions and a stronger community, which are good signs. But the key question remains: can this growing adoption rate push the coin’s value higher?
At the moment, this token is valued between $137.8 and $147.12, with a small but steady increase of 1.38% over the past week. While it’s still below its ATH of $259.96, the recent rise in network usage throughout the day is driving optimism. If the coin can break through its resistance levels at $203.39 and $234.92, we could see a stronger upward trend. The market is slowly turning more positive, and with numbers increasing, the price might soon follow. The signs are there, but it’s still a waiting game to see if the momentum continues.
Looking ahead, the prospects seem promising. The current moving averages suggest it might be gearing up for growth. If the current levels of network usage don’t drop and the project continues to attract attention in the coming month, especially as we move into September, we could see a rise in the coin’s value. While there are always challenges in the market, this altcoin seems to be in a strong position to take advantage of the current momentum. The next few weeks will be crucial in determining if the project can turn this growth into a price breakout.
Minotaurus (MTAUR): A New Opportunity to Consider?
With the future of the project covered above looking bright, many holders choose to stock it. But, savvy cryptocurrency enthusiasts strive to diversify into other promising alternatives. Trending presale altcoin, Minotaurus (MTAUR), could offer a fresh take on crypto experience. By choosing it now, early buyers could benefit from the ~70% price cut before the project launch. On top of that, $MTAUR holders get incentivized for extending vesting and making referrals. These activities come with nice extra bonuses.
The project aims to make a significant impact in blockchain gaming by integrating a maze-navigation game with Greek mythology themes. It is still in its early stages, but it has already sparked a lot of hype and interest. To help more people get involved, the presale tokens are now available at just $0.0000569. That’s almost 3.5 times lower than the listing value set at $0.00020. When the coin hits decentralized exchanges, those who choose to get in early could get a big boost for their portfolios.
Now, to the $MTAUR token and its utility. Once converted into in-game coins, it opens up access to in-game purchases. Those are unique character upgrades, personalization, and passes to exclusive zones. The dynamic design of the game means that it can be played in a lot of different ways, and each run is supposed to be different. Minotaurus (MTAUR) is part of the ~$15 billion casual game market. It has a strong team behind it and has passed strict security checks. Since there are only a certain number of tokens available in presale, it might be wise to take advantage of the current pricing to see more positive development.
Conclusion
A recent increase in DAU to 2.3 million is a very positive sign for Solana and it could be the beginning of a price rise. As the market is paying close attention, $MTAUR emerges as a promising addition to cryptocurrency portfolios. It stands out with favorable presale pricing, extra benefits for holders, and strong upside potential.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Source: https://thecryptobasic.com/2024/08/30/sol-reaches-record-user-activity-experts-see-potential-for-new-breakout/?utm_source=rss&utm_medium=rss&utm_campaign=sol-reaches-record-user-activity-experts-see-potential-for-new-breakout