100 Solana could bring in millions? Here’s what’s behind Vitalik Buterin’s crazy SOL prediction

Solana

Solana dropped significantly in value after a number of trading platforms, such as Robinhood and eToro, delisted the token. The reason for this was the SEC’s lawsuit against Binance and Coinbase, in which the regulator claimed that SOL was an unregistered security. Despite the pressure, the cryptocurrency’s price was able to recover and is already showing a 30% increase.

While Solana’s performance may have a positive impact on the value rate, it is likely to see a correction in the near future in favor of a bearish trend. However, there are cryptocurrencies on the market right now that are unaffected by regulatory actions and have the potential for x100 or even x1000 gains.

Wall Street Memes is a new meme coin that has gotten the attention of Ilon Musk on social media

Wall Street Memes is a brand new project that is pre-selling its WSM token. It is backed by a large community – over 1 million followers on social networks like Twitter, Telegram, and Discord.

This project is inspired by the act of retail investors who stood up to Wall Street in 2021 and demonstrated the strength of their union. Under Gordon Gekko’s motto “greed is good”, the Wall Street Memes team aims to help their followers get rich through the WSM meme coin.

The essence of the movement is to celebrate the success of ordinary internet users over good old capitalism. The project’s developers aim to repeat history and beat stock investors.

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This new project has already raised over $15 million during the pre-sale, despite the fact that it started only a few weeks ago. This makes WSM one of the fastest growing presales of 2023.

From its current value of $0.0316, the cryptocurrency will rise to $0.0337 by the end of the presale. Additional upside:

  • Thanks to the “virality” of memes, the WSM token could follow in the footsteps of successful projects such as Dogecoin, Shiba Inu, and Pepe Coin.
  • Ilon Musk comments on Wall Street Memes tweets.
  • The team behind the new meme coin is known in the Web3-sphere for two NFT collections – Wall St Bulls and Wall St Bulls Ordinals.

Chimpzee is an ecommerce coin with a large set of earning opportunities

Chimpzee is a new Web3 initiative focused on wildlife conservation. The project allows participants and supporters to earn passive income by saving animals and fighting climate change.

The main revenue comes from NFT passports. For example, a Gold category “virtual document” holder can earn 18% APY (annual percentage yield). Diamond NFT holders get 20% APY.

Moreover, Chimpzee is the first Web3 project to combine the Shop-to-Earn (“buy and earn”), Trade-to-Earn (“trade and earn”) and Play-to-Earn (“play and earn”) business models. The team works alongside leading charities including The Giving Block, One Tree Planted and WILD Foundation.

The platform has all the tools needed to succeed. The CHMPZ token has the hype of meme coins and the utility for long-term value. In the long run, this makes Chimpzee one of the most promising projects of the year.

The ecosystem pre-sale is going well, with over $850k raised. With the funds raised, the team helped plant 20,000 trees and was able to donate $35,000 to non-profit organizations. The coin is currently priced at $0.000775. The maximum pre-sale value is $0.00185.

Green Project Features:

  • Investors who participate in the presale will receive 125% bonus tokens.
  • Diamond NFT holders will receive multiple benefits and rewards such as additional CHMPZ meme coins.
  • The Chimpzee crypto game combines earning with an interactive experience.

Will Vitalik Buterin’s prediction regarding Solana come true?

This year, the US Securities and Exchange Commission started taking tough measures against the crypto industry, fining major exchanges such as Coinbase, Binance and Kraken. The SEC also considers Solana (SOL) and several other cryptocurrencies to be unregistered securities.

Ethereum (ETH) co-founder Vitalik Buterin expressed sympathy for the problems faced by altcoins. In his post, Buterin shared that Ethereum’s victory will be meaningless if it comes at the expense of other projects being removed from exchanges due to regulatory pressure. He suggests that the entire industry should unite to face the threats from a centralized world.

Moreover, Vitalik Buterin recognized Solana’s high scalability during a recent conference. The future growth potential of this network, as indicated by the Ethereum co-founder, could make SOL a prospective coin for investors looking for long-term gains.

Solana is this high-performance blockchain platform designed to handle decentralized applications (dApps) and crypto projects with minimal latency. The protocol utilizes a new Proof-of-History consensus method in addition to the more classic Proof-of-Stake model. This allows the network to execute transactions at lightning speeds that few other blockchains can match.

Should investors prepare for a SOL bull rally?

Solana has been on the rise since its low on June 10, rising 32% in the last 24 hours. The cryptocurrency is showing a positive shift thanks in part to a published second-quarter performance report from crypto analytics provider Messari.

According to the expert, the token ended the quarter maintaining its place among the top 10 coins with the largest capitalization in the crypto market. Thus SOL proved that it remains one of the most valuable assets.

Another catalyst for the token’s growth is BONK, the first meme coin in the Solana ecosystem. Overall, the protocol is shown to have a Nakamoto factor of 32 in the second quarter, indicating its above-average decentralization rate compared to other Tier 1 solutions.

Crypto trader Kaleo has identified a critical resistance line in the SOL/ETH pair. The Solana indicator is on the verge of overcoming this significant resistance, indicating a possible strong rally against Ethereum.

Another analyst, Captain Faibik, attributes Solana’s rise to increased bullish activity over the past three weeks. The cryptocurrency has broken out of a descending channel, indicating a potential change in momentum. A move above the previous line suggests that the SOL price may start to move upwards rather than continuing the downtrend. However, it is important to note that the increased bullishness has also raised concerns about potential selling pressure.

Real Vision’s CEO is particularly optimistic about the cryptocurrency’s price outlook. Raul Pala predicts that SOL could grow 20 times its current price ($29 at the time of writing.) The token’s new value is expected to be around $580.

Considering the current market conditions, this seems unrealistic. However, the expert believes in a bull rally for a number of reasons. In particular, he notes that Solana has increased in price by 50% over the past week. The analyst believes that this is enough for the cryptocurrency to repeat the similar dynamics achieved by Ethereum (ETH) in 2018.

Conclusion

Despite regulatory pressure and a wave of delistings, Solana (SOL) has shown remarkable resilience. The cryptocurrency has become one of the best performing digital assets, defying controversy and demonstrating its strength during the recovery. However, if the SEC files a new lawsuit against Solana, the token’s price could continue to fall.

Presale projects are not affected by regulators because the presale takes place outside of the market itself. For this reason, given the current market situation, Wall Street Memes and Chimpzee are more promising investments. Tokens appreciate gradually, allowing early buyers to lock in profits.

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Author: Saifedean Ammous, an expert in cryptocurrency economics.

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