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In the last 24 hours, Solana has been largely sideways, with a weekly correction of around 5 percent. Nevertheless, Solana continues to consolidate above the psychological price mark of $200. However, there could now be significantly more price potential in the medium term. Because experts sometimes see the chance of a $1000 rally. The following indicator supports the bullish price forecast:
Solana analysis: indicator indicates price potential
The Realized Cap HODL Waves indicator initially visualizes the distribution of held cryptocurrencies based on the length of time they were last moved. The metric also combines the concept of realized cap, where coins are valued based on their last transaction value, with holding periods. The waves show how capital is distributed over time periods ranging from days to years. A rise in long-term HODL waves indicates growing confidence and accumulation, while shorter periods can indicate active trading periods.
Solana investors are HODL-ing company, expects higher prices.
The share of long-term holders in the assets tied up in the network is growing. The 6-12 month cohort now holds 27% of supply, showing buyer conviction in the 2024 rally.SOLRHODL wave chart: pic.twitter.com/8s6NmDNaqL
– glassnode (@glassnode) December 13, 2024
CryptoQuant data shows increasing conviction among Solana investors, who are holding on despite market volatility. What is particularly striking is the increasing wealth of long-term holders in the network. The 6-12 month HODL cohort now holds 27 percent of the total Solana supply. According to CryptoQuant, this is a clear indication that buyers from the 2024 price rally believe in future increases in value.
The data also suggests that Solana investors expect higher prices and are therefore betting on a longer-term holding strategy. As a result, there are still fewer tokens available on the market. This could further favor Solana in a potential bull market.
Solana Alternative: 5 Days Until Sellout, Crypto All-Stars Explodes Over $16.5M
While Solana remains a basic investment, risk-conscious investors continue to rely on new coins and smaller presales. The Crypto All-Stars (STARS) project is revolutionizing the stake and meme coin segment through innovative approaches and user-friendliness. It has already attracted a lot of attention with pre-sales of over $16.5 million. The concept combines the hype characteristics of meme coins with long-term incentives through staking. The team relies on a central platform called MemeVault, which focuses on efficiency and user-friendliness.
In 2024, two trends will dominate the crypto market: staking and meme coins. While staking attracts long-term investors in particular with its stable return opportunities, meme coins promise speculative opportunities and viral hype. Crypto All-Stars combines both approaches and thus offers investors the opportunity to benefit from stable returns and market movements.
Find out more about Crypto All-Stars
The central element of the project is the MemeVault, which optimizes the staking process for popular meme coins such as Shiba Inu, Floki and Bonk. Traditionally complicated processes that require tokens to be distributed across different networks and wallets are being replaced by a central management platform. This not only reduces effort but also minimizes potential errors. This feature is particularly appealing to investors who have previously been put off by the technical complexity of the stake.
Another highlight is the dual reward mechanism: investors who stake meme coins receive STARS tokens as a reward. These can in turn be staked, opening up additional sources of income. Overall, STARS holders can benefit from triple rewards.
At launch, Crypto All-Stars offers staking options for eleven meme coins, but plans to continually expand with additional cryptocurrencies. Since the presale ends in a few days, this is currently the last chance to get started at a fixed price. Early investors therefore benefit from potential book profits before the token is publicly traded. The purchase is uncomplicated: connect your wallet, exchange ETH, USDT or BNB – and you're an investor. Even meme coins or credit cards are suitable as means of payment. But advance sales ended in just five days.
Find out more about Crypto All-Stars
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