Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jan / 23
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- Solana Price Prediction: SOL Drops 3% After CME Clarifies Solana Futures Addition Was An Error, Driving Traders To This Layer-2 Solution
- Jan 23, 2025 at 09:14 pm Inside Bitcoins
- Solana's price fell 3% to $247.51 following a clarification from the Chicago Mercantile Exchange (CME) that a leak about regulated XRP and SOL futures was an error. Despite the pullback, technical analysis indicates a bullish outlook, with the asset trading above its 50-day and 200-day SMAs and a golden cross formation. The breakout from a rounding bottom pattern suggests potential for further upward movement, with a projected target of $339, a new all-time high. Solaxy (SOLX), Solana's layer-2 scaling solution, has emerged as a promising alternative, offering reduced congestion and low fees, as well as a platform for developers and token launches. SOLX holders can earn a substantial 280% annual yield by staking their tokens.
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