Sunday, June 29, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT sales reach $125m, Ethereum dethrones Polygon

    NFT sales reach $125m, Ethereum dethrones Polygon

    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

  • Gaming
    Should You Play This NFT Soccer Game?

    Should You Play This NFT Soccer Game?

    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

    Broken Bound Joins Forces with Adventure Layer to Reshape AI-Powered Onchain Gaming

    Broken Bound Joins Forces with Adventure Layer to Reshape AI-Powered Onchain Gaming

    Why Amazon’s NFT Experiment Failed

    Why Amazon’s NFT Experiment Failed

    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

    The Lords of Light’ Is Shutting Down

    The Lords of Light’ Is Shutting Down

    NeoDashboard introduces strategy card game “War on Bugs”

    NeoDashboard introduces strategy card game “War on Bugs”

    How Rektguy Stayed Relevant After the NFT Hype Crash

    How Rektguy Stayed Relevant After the NFT Hype Crash

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT sales reach $125m, Ethereum dethrones Polygon

    NFT sales reach $125m, Ethereum dethrones Polygon

    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

    Terminus Teams Up with Enterise to Revolutionize Web3 Film Payments

    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

    OpenSea Dominates With 7.09k Sales as Azuki and Guild of Guardians Power NFT Market Momentum

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Alchemy Pay and Xterio Partner to Enable NFT Purchases with Fiat and Cards

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    Fan3 Brings Real Fans Back to the Front Row with Avalanche-Powered Platform

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    From ‘Not a Fan’ to Crypto President—With His Own Meme Coin

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    Courtyard Tops Sales, CryptoPunks Dominate High-Value Trades

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    NFT sales plunge 18% to $116.9m, Polygon beats Ethereum

    Matt Furie NFTs Crater 97% After Mint Exploit

    Matt Furie NFTs Crater 97% After Mint Exploit

  • Gaming
    Should You Play This NFT Soccer Game?

    Should You Play This NFT Soccer Game?

    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

    Floki Forges Partnership with Method to Bring Valhalla to MMO Community

    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

    Why ‘Eve Frontier’ Is Opening Up to Everyone With Free Trial Experience

    Broken Bound Joins Forces with Adventure Layer to Reshape AI-Powered Onchain Gaming

    Broken Bound Joins Forces with Adventure Layer to Reshape AI-Powered Onchain Gaming

    Why Amazon’s NFT Experiment Failed

    Why Amazon’s NFT Experiment Failed

    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

    GaFin And Decimated Collaborate to Start New Era of Web3 Gaming

    The Lords of Light’ Is Shutting Down

    The Lords of Light’ Is Shutting Down

    NeoDashboard introduces strategy card game “War on Bugs”

    NeoDashboard introduces strategy card game “War on Bugs”

    How Rektguy Stayed Relevant After the NFT Hype Crash

    How Rektguy Stayed Relevant After the NFT Hype Crash

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Does DCA Mean in Crypto? A Simple Breakdown – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    A Step-by-Step Guide for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    Long and Short Positions in Crypto Explained for Beginners

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Altcoins

How Solana stands to benefit from NVIDIA and the AI hype

February 22, 2024
in Altcoins
9
How Solana stands to benefit from NVIDIA and the AI hype
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

  • Solana meme token NVDA witnessed an extraordinary surge fueled by speculative enthusiasm.
  • SOL prices were up nearly 2% in the last 24 hours.

Due to the AI hype and the recent NVIDIA earnings, semiconductor stocks have rallied on the American stock market. A meme token with the same ticker as NVIDIA on the Solana [SOL] network also witnessed a massive surge due to this hype.

Looking into the hype

In the last 11 hours, the price of the meme token NVDA grew by an alarming 56,000%. Coupled with that, other tokens such as GPU and NVIDIA also grew massively in terms of price over the last 24 hours.

However, it should be noted that this surge in price was primarily driven by hype and may not be sustainable in the long term.

Source: Dex screener

The temporary nature of the surge in the prices of these tokens may not benefit many investors, and some may even get rug pulled after buying these tokens.

Despite this,  Solana could be a beneficiary of the surge in interest in these tokens.

The fact that people are using the Solana network to develop and trade these tokens may improve the overall activity on the network and may also help in providing liquidity in the ecosystem.

How is SOL doing

After testing the $79.20 support level on the 23rd of January, the price of SOL surged by 31.22%. During this period, SOL’s price exhibited multiple higher highs and higher lows, showcasing a bullish trend.

The $117 resistance level was weakened multiple times during the last few months. If SOL re-tests the level yet again, there is a chance that the token may push past it and reach new heights.

See also  Bitcoin: Short-term holders cash in

The RSI for SOL also declined and reached 42 at the time of writing, implying that SOL had moved into the oversold territory.


Is your portfolio green? Check out the SOL Profit Calculator


This may be interpreted by some traders and analysts as a signal that the asset is undervalued or that selling pressure has been excessive, potentially indicating a point of reversal.

Source: Trading View

However, in terms of volume, there was a significant dip observed. In the last few days, the volume at which SOL was trading at fell from 3.42 billion to 1.92 billion.

Source: Santiment

Next: BDAG and Meme Moguls presales shine amid SOL-ETH speculations for 2024

READ ALSO

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

Toncoin heats up: What does $398M in trading volume indicate?


  • Solana meme token NVDA witnessed an extraordinary surge fueled by speculative enthusiasm.
  • SOL prices were up nearly 2% in the last 24 hours.

Due to the AI hype and the recent NVIDIA earnings, semiconductor stocks have rallied on the American stock market. A meme token with the same ticker as NVIDIA on the Solana [SOL] network also witnessed a massive surge due to this hype.

Looking into the hype

In the last 11 hours, the price of the meme token NVDA grew by an alarming 56,000%. Coupled with that, other tokens such as GPU and NVIDIA also grew massively in terms of price over the last 24 hours.

However, it should be noted that this surge in price was primarily driven by hype and may not be sustainable in the long term.

Source: Dex screener

The temporary nature of the surge in the prices of these tokens may not benefit many investors, and some may even get rug pulled after buying these tokens.

See also  Pudgy Penguins Solana Token, Ethereum NFTs Plunge Alongside Abstract Network Launch

Despite this,  Solana could be a beneficiary of the surge in interest in these tokens.

The fact that people are using the Solana network to develop and trade these tokens may improve the overall activity on the network and may also help in providing liquidity in the ecosystem.

How is SOL doing

After testing the $79.20 support level on the 23rd of January, the price of SOL surged by 31.22%. During this period, SOL’s price exhibited multiple higher highs and higher lows, showcasing a bullish trend.

The $117 resistance level was weakened multiple times during the last few months. If SOL re-tests the level yet again, there is a chance that the token may push past it and reach new heights.

The RSI for SOL also declined and reached 42 at the time of writing, implying that SOL had moved into the oversold territory.


Is your portfolio green? Check out the SOL Profit Calculator


This may be interpreted by some traders and analysts as a signal that the asset is undervalued or that selling pressure has been excessive, potentially indicating a point of reversal.

Source: Trading View

However, in terms of volume, there was a significant dip observed. In the last few days, the volume at which SOL was trading at fell from 3.42 billion to 1.92 billion.

Source: Santiment

Next: BDAG and Meme Moguls presales shine amid SOL-ETH speculations for 2024
Tags: benefithypeNVIDIASolanaStands

Related Posts

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor
Altcoins

CryptoGames now supports Tether (USDT) for deposits and announces partnership with Bitinvestor

June 25, 2024
Toncoin heats up: What does $398M in trading volume indicate?
Altcoins

Toncoin heats up: What does $398M in trading volume indicate?

June 25, 2024
Another $600M Exits, Price Drops Lower
Altcoins

Another $600M Exits, Price Drops Lower

June 25, 2024
Bitcoin faces downward pressure as Mt. Gox prepares for repayments
Altcoins

Bitcoin faces downward pressure as Mt. Gox prepares for repayments

June 25, 2024
XRP at a crossroads: A drop to $0.445 or rally to $0.5 next?
Altcoins

XRP at a crossroads: A drop to $0.445 or rally to $0.5 next?

June 24, 2024
True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares
Altcoins

True Correction Underway? Over $500 Million Exits Bitcoin ETFs — Coinshares

June 24, 2024
Next Post
Test and Earn with Influence Pre-release

Test and Earn with Influence Pre-release

Comments 9

  1. df4dk says:
    3 weeks ago

    order generic clomid without insurance can i buy generic clomid price clomiphene for sale australia order generic clomiphene for sale clomid contraindications where to get generic clomid price where can i get cheap clomiphene pill

    Reply
  2. can you buy cialis over the counter says:
    3 weeks ago

    The thoroughness in this piece is noteworthy.

    Reply
  3. can i take diflucan and flagyl together says:
    3 weeks ago

    I’ll certainly carry back to skim more.

    Reply
  4. on7k8 says:
    2 weeks ago

    purchase azithromycin pills – tindamax 500mg drug flagyl 400mg ca

    Reply
  5. hosrn says:
    2 weeks ago

    rybelsus uk – semaglutide us order cyproheptadine 4 mg pill

    Reply
  6. 224f8 says:
    2 weeks ago

    buy domperidone pills – order tetracycline 500mg pills cyclobenzaprine online order

    Reply
  7. 1wnbl says:
    2 weeks ago

    order inderal 10mg for sale – methotrexate 10mg without prescription buy methotrexate 10mg

    Reply
  8. 033ee says:
    3 days ago

    order esomeprazole 40mg for sale – anexamate.com nexium cheap

    Reply
  9. ss0z8 says:
    1 day ago

    purchase warfarin generic – cou mamide buy losartan 25mg pills

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Bitcoin whales unload over $2 bln in BTC – Why?

Why Ethereum traders should brace for price swings

November 18, 2023
Telegram’s Tap-to-Earn Gaming Craze Is Falling Short in Keeping Players

Telegram’s Tap-to-Earn Gaming Craze Is Falling Short in Keeping Players

September 15, 2024
Fetch.ai hits new ATH: Time to buy FET or are you too late now?

Fetch.ai hits new ATH: Time to buy FET or are you too late now?

March 28, 2024
Esports Brand XSET Signs Web3 Gaming Content Creator Brycent

Esports Brand XSET Signs Web3 Gaming Content Creator Brycent

May 1, 2023

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Bitcoin Miners’ Income Sinks to Yearly Low, Cryptoquant Research Finds
  • NFT sales reach $125m, Ethereum dethrones Polygon
  • Should You Play This NFT Soccer Game?

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.