Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Solana price falls as new altcoins emerge as powerful alternatives.
BLOCKCHAIN NEWS

Solana price falls as new altcoins emerge as powerful alternatives.

By Crypto FlexsFebruary 23, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana price falls as new altcoins emerge as powerful alternatives.
Share
Facebook Twitter LinkedIn Pinterest Email

Disclosure: This article does not represent investment advice. The content and materials presented on this page are for educational purposes only.

Despite a strong decline this week, Solana continues to decline as its price falls towards $100. SOL is currently trading at $102, down 3.51% today.

However, other projects are seeing success, with the Bitcoin Minetrix presale raising over $11.3 million.

Solana is weak

Solana’s decline caused significant selling pressure this week, with its price falling 8.37%, wiping more than $4 billion from its market capitalization.

Meanwhile, altcoins like Ethereum and BNB are showing strength, showing interest rotating from Solana to other cryptocurrencies.

The Solana price chart shows a rejection at the top of the current trading range followed by a breakout below the mid-range. The daily candle is currently rejecting the level, forming a retest that turns support into resistance.

Another bearish sign is that Solana’s trading volume has been steadily declining since November, reducing trader interest in the asset.

This indicates that momentum is slowing, and a move towards the low $80 range could be imminent.

Meanwhile, there is speculation that Solana will lose even more power compared to other cryptocurrencies. Several respected analysts, including IamCryptoWolf, have published chart ideas predicting further declines.

An analyst recently said that Solana is being “baked” by Ethereum and displayed a price chart predicting a selloff of over 50%.

Solana price falls as new altcoins emerge as powerful alternatives - 2

Additionally, a poll by influencer Lark Davis recently asked his followers whether Solana or Injective Protocol could make more money this cycle.

Over 9,000 voters participated, with 54% guessing INJ would surpass SOL.

Solana price falls as new altcoins emerge as powerful alternatives - 3

Analysts are also tired of Solana’s price action against the USD.

Renowned trader Alan Santana fears Solana could head towards $27 following a “perfect head and shoulders pattern.”

The current price of $102 shows that analysts’ predictions are coming true.

Solana price falls as new altcoins emerge as powerful alternatives - 4

But while Solana struggled, other altcoins also began to thrive. As mentioned earlier, traders expect platforms like Ethereum and Injective to outperform Solana, but another alternative is Bitcoin Minetrix.

Currently in pre-sale, the project is gaining significant momentum, recently surpassing $11.3 million.

Bitcoin Minetrix presale price reaches $11.3 million

The Bitcoin Minetrix pre-sale has been a success, offering seamless cloud mining while addressing common security concerns.

The project, which has raised more than $11.3 million to date, has sparked interest from analysts and media outlets.

Solana price falls as new altcoins emerge as powerful alternatives - 5

Media organizations such as Cointelegraph, BeInCrypto, Bitcoin Magazine, and Business Insider have all covered the pre-sale.

Many analysts have also picked up on this. In a recent video, Austin Hilton warned investors that pre-sales are selling fast.

Hilton explained the core premise of Bitcoin Minetrix and how it effectively tokenizes and deploys cloud mining power on the Ethereum network.

The project is powered by users staking BTCMTX on an Ethereum-based platform for cloud mining credits. They can burn these credits for BTC cloud mining power.

The concept of Bitcoin Minetrix is ​​not only a seamless and beginner-friendly way to earn Bitcoin, but it also solves the security issues associated with cloud mining.

Previously, cloud mining operators have been accused of fraudulent practices, causing significant losses to their customers.

However, the decentralized and transparent nature, combined with Ethereum smart contracts and third-party auditing, ensures the security of the platform.

BTCMTX is currently available in pre-sale for $0.0136.

Disclosure: This content is provided by a third party. crypto.news does not endorse any products mentioned on this page. Users must conduct their own investigation before taking any action related to the Company.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

DOW JONES wins Streak with weak growth and cost increases.

June 4, 2025
Add A Comment

Comments are closed.

Recent Posts

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025

Encryption leverage: 2025 trend and change analysis

June 6, 2025

Why DEGO Price tank 60%after moving USD1 Stablecoin

June 6, 2025

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

ZK-Proof Blockchain Altcoin Lagrange (LA) New Coinbase

June 6, 2025

Bitfinex updates version 1.116 improved platforms

June 6, 2025
Most Popular

US judge denies Zhao Changpeng’s second attempt to travel abroad

December 31, 2023

Michael Saylor declared Bitcoin ETFs to be the most disruptive development on Wall Street since 1993.

December 21, 2023

Google now allows searching for Bitcoin, Fantom, Arbitrum, and other wallet addresses.

March 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.