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COINTURK NEWS > Altcoin News > Surging Solana & Chainlink: Predictions and Notable Developments
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Surging Solana & Chainlink: Predictions and Notable Developments

In Brief

  • The largest smart contract network, Ethereum (ETH), saw its Layer 1 rival, Solana (SOL), rally strongly with an approximate 70% increase in the last 30 days. Currently, SOL’s price is trading at $32.54, reflecting a 3.55% increase, boasting a market cap of $12.6 billion. Recently, another altcoin grabbing attention has been the decentralized oracle network, […]
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The largest smart contract network, Ethereum (ETH), saw its Layer 1 rival, Solana (SOL), rally strongly with an approximate 70% increase in the last 30 days. Currently, SOL’s price is trading at $32.54, reflecting a 3.55% increase, boasting a market cap of $12.6 billion. Recently, another altcoin grabbing attention has been the decentralized oracle network, Chainlink (LINK), which has seen its price rise nearly 50% in the past 30 days. According to the anonymous crypto analyst named Titan of Crypto, SOL has the potential to reach 2x-4x its current price, while LINK might achieve 2x-3x.

SOL’s Potential 2x-4x and LINK’s 2x-3x Price Prediction

Solana has recently reached its levels from July this year, laying the groundwork for an even bigger rally in the future. If SOL’s price achieves a daily candle close above $32 on the price chart, its next significant hurdle would be testing the $40 mark, with the potential of breaching even the $50 level.

According to the anonymous crypto analyst, Titan of Crypto, SOL could experience a substantial surge in the coming months. His comprehensive analysis suggests that SOL could target a range between $69 and $123. Titan of Crypto bases this forecast on the positive outlook surrounding Solana’s future performance and potential.

Amidst a strong surge in the altcoin market last week, Solana’s price rally has seen it surpass other altcoins like Cardano (ADA) and Dogecoin (DOGE) in terms of market cap, making it the sixth-largest altcoin.

Furthermore, Titan of Crypto anticipates Chainlink’s LINK to rise to a range of $21-$32. For this major altcoin, currently trading around $11, the analyst’s prediction corresponds to a 2x-3x price increase.

Recent Noteworthy Developments for Solana and Chainlink

Popular Solana wallet provider, Solflare, introduced a new feature allowing MetaMask users to effortlessly manage their SOL assets directly within their existing MetaMask wallets. This integration, establishing a link between Solana and Ethereum, stands as a significant development for the altcoin’s network, as it reduces barriers to entry into the Solana ecosystem and enhances user convenience.

Furthermore, the Solana Blockchain remains a preferred choice for Web3 platforms launching their projects. Web3 social media and community-building platform, DSCVR, launched on the Solana Blockchain on Wednesday, October 25. This integration signifies an increase in active users and engagement within DSCVR’s tokenized communities and crypto capabilities, with a user base exceeding 200,000. DSCVR has also tailored its content and user interface to operate within the Solana network, offering a unique social network platform for the Solana community.

On the other hand, Chainlink has been in the news with its recent integrations. Last week, it was announced that the services offered by the Chainlink network have been integrated into Abitrum, BNB Chain, Ethereum, Optimisim, and Polygon. In the coming days, it’s expected that the network’s services will also be integrated into Bitcoin Lottery Protocol, Equilibriafi, Kreepy Kritters, and PixelSweeper. Moreover, the v0.2 version of Chainlink Staking, initially introduced in December 2022 with its v0.1 version, has now been released.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 26 October, 2023 - 2:00 pm 26 October, 2023 - 2:00 pm
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