Poised For Immense Growth: Why The Trending Cutoshi Could Surge By 25% During Alt-Coin Season

Cutoshi is set to become the next meme coin gem by merging hype potential with solid utility that pays dues to Satoshi Nakamoto himself.

Solana (SOL) price soared to new highs on Friday, continuing its remarkable rally in recent weeks. The world’s ninth-largest cryptocurrency reached a high of $246.3 during the early hours, coming within touching distance of its all-time peak.

Solana price now up over 50% for the month, nearing all-time highs

Solana price surged to new highs on Friday, continuing its remarkable rally in recent weeks. The world’s ninth-largest cryptocurrency reached a high of $246.3 during the early hours, coming within touching distance of its all-time peak.

After rallying from lows around $80 in early February, Solana has now surged by over 50% for the month and is now trading at levels last seen in November 2021. At the time of writing, SOL price is trading around $243, up about 1.3% over the past 24 hours and boasting a market capitalization of $9.2 billion.

Solana price 1-day chart. Source: CoinMarketCap

Solana price rally driven by anticipation as it nears all-time high

Solana’s impressive rally has been fueled by several key factors, including anticipation as the cryptocurrency approaches its previous all-time high of $260, which was reached in November 2021, according to data from CoinMarketCap.

As Solana continues to build momentum in its attempt to break this significant milestone, traders are expressing optimism and positive sentiment is building around the token.

Moreover, open interest for Solana has now surpassed the $5 billion mark, further highlighting the strong demand and attention that Solana is attracting in the market.

This performance is also helping Solana stand out as a top-performing cryptocurrency in 2024, especially considering the difficulties that many cryptocurrencies faced last year. With strong fundamentals, surging market activity, and growing excitement, Solana is making waves in the ongoing “layer-1 wars” as a viable contender to Ethereum.

Avalanche price unfazed by foundation token unlocks

Avalanche (AVAX) price also surged this week, rising over 11% to trade at $34.1. The上昇 comes despite the Avalanche foundation recently announcing the unlocking of 1.67 million AVAX tokens, which are valued at around $60 million at current prices.

While large token unlocks can sometimes increase the supply and put pressure on prices, especially in the case of smaller altcoins, this latest release is unlikely to impact Avalanche’s market dynamics significantly.

This is largely due to the fact that بهمن has been performing strongly throughout 2024, rallying by over 100% year-to-date, which has helped propel AVAX prices to new highs and could insulate the token from any selling pressure.

Avalanche price 1-day chart. Source: CoinMarketCap

Avalanche gaming coins like Shrapnel tipped for growth

Prominent crypto influencer Alex Becker has been highlighting gaming coins on the Avalanche blockchain, such as Shrapnel, as some of the most bullish coins to watch out for in 2024.

With Avalanche games like Off The Grid continuing to soar in popularity and new titles entering the scene, gaming tokens on the Avalanche chain could be poised for further growth in the coming months.

In the short-term future, بهمن appears poised for further growth after an impressive performance over the last week. The cryptocurrency has successfully broken through several resistance levels to reach $34, maintaining a strong 23% gain on the monthly charts despite the minor corrections that are part of cryptocurrency.

Based on this, بهمن is currently a safe play, poised to rally after Bitcoin cools off and money flows down from big BTC whales.