The Solana price has staged a remarkable comeback since the beginning of August. SOL appreciated decently and now surges towards $180, rekindling optimism among traders.
At the same time, a new layer 2 meme project—LayerBrett (LBRETT)—is emerging as the talk of the town. Despite Solana’s rally, LBRETT is causing a stir on Ethereum, drawing SOL holders who are chasing bigger rewards and utility. Read on to find out if this newcomer is worthy to be banked on.
Why layer 2 gives LBRETT the edge over its competitors
LayerBrett stands out as a powerful Layer 2 solution built on and for Ethereum. At its core, it promises lightning-fast transactions at ultra-low fees, making it a favorable alternative to congested networks and high gas costs. This takes it several levels above the generic and derivative tokens that litter the crypto meme niche.
However, crypto investors are only interested in the boom potential of this viral new token. Can LBRETT fetch holders decent returns in the short and long term? The answer to this question is a resounding yes.
Right out of the gate, LBRETT offers its users staking rewards in excess of 20,000% APY. This return far outweighs the standard rewards touted by prominent DeFi platforms. Even more, it is designed in such a way that earliest investors capture the biggest gains.
To further boost its attractiveness, LBRETT has rolled out an eye-popping $1 million giveaway for its users. Coupled with transparent, generous tokenomics, the project is demonstrating a major commitment to community incentives and fair distribution. This combination of technical advancement and reward mechanisms sets LBRETT apart in a sea of meme coins that often lack substance.
As the Ethereum network continues to expand, demand for layer 2 infrastructure projects with real value will grow. LBRETT sits at the intersection of this trend, giving it the potential to 100x its current presale price of $0.0047. This creates a compelling argument that it is the best coin to buy now.
How Solana price rallied back from an ailing position
Solana’s performance in the last two months has been nothing short of impressive. After wrestling with the $140 support level in late June, SOL reversed course and began a steady climb. Fueled by strong network fundamentals and robust trading volume, the coin turned the corner in July and Solana now trades around the $165 to $170 zone.
This boom is largely driven by increased network activity, as DeFi and NFT trades stage a comeback. With transaction speed and low fees as its hallmarks, Solana’s network has continued to attract new projects and users, resulting in record Total Value Locked (TVL) and higher daily active wallet counts.
Source: Coinglass
This growth provided the backbone for SOL’s price momentum, fortified by increasing institutional interest. Data from Coinglass shows that Open Interest in Solana is approximately $10 billion, up by 3% in recent times. This surge could propel the Solana price to new heights and ATHs.
Solana price prediction: Is $200 close?
Technical analysis suggests that SOL is primed for a run at $200. The token is testing the $175–$177 resistance band—a breach that could trigger a surge toward $192–$198. Analysts also note that Solana’s cup-and-handle pattern hints at a mid-term target of $1,315, though this remains speculative.
Source: CoinMarketCap/CryptoLingrid
The Relative Strength Index (RSI) of 60 on daily charts signals bullish momentum without overbought risk. If trading volume accelerates, a 20% surge to $211 is probable by September.
The bottom line
Solana’s grind toward $180 reflects its maturing infrastructure and institutional credibility. Yet for all its speed and scalability, it can’t match the life-changing yields drawing risk-tolerant SOL holders to LayerBrett.
LBRETT’s presale is selling out fast, as the new layer 2 sensation promises to be the next 100x crypto. To the ambitious investor, this newcomer is an asymmetric bet: tiny capital, massive potential, colossal returns. Blink twice and you’ll miss out on it.
Wish You Realized 100x Gains With the rise of Bitcoin, Ethereum and Solana? Don’t miss out on Layer Brett! Secure Your LBRETT Tokens Today!
Website: https://layerbrett.com
Telegram: https://t.me/layerbrett
The post Solana Price Surges Towards $180, But This Viral Coin Is Drawing SOL Holders To Ethereum appeared first on Blockonomi.
Source: https://blockonomi.com/solana-price-surges-towards-180-but-this-viral-coin-is-drawing-sol-holders-to-ethereum/