Solana (SOL) price stalls despite launching Roam decentralized WiFi network connecting over 1 million hotspots globally

Solana's recent rollout of Roam, a decentralized WiFi network connecting over 1 million hotspots globally, has not significantly impacted its market price

Solana’s recent rollout of Roam, a decentralized WiFi network connecting over 1 million hotspots globally, has not significantly impacted its market price, which has risen by only 3%. This minimal increase comes after a period of stagnation for the cryptocurrency.

Solana’s update introduces Roam Points to users for daily participation, which can be exchanged for $ROAM tokens, encouraging user engagement through blockchain technology. However, despite the importance of this update, Solana’s price has not been affected significantly.

Solana is currently trading at $176, having faced crucial support at $170. If this level is breached, we could see prices decline further to $150. But if buyers manage to keep the price above $170, then we might see a rebound to as high as $196.

In other news, Avalanche is encountering strong resistance in the $40–$42 range, suggesting that sellers are still in control of the market. A decline in trading volume and Open Interest indicates a decrease in buyer confidence, which could lead to a drop in price.

Moreover, the Relative Strength Index (RSI) for AVAX is around 35, approaching oversold conditions, although the broader technical picture suggests that bearish momentum is still present. If the $27 support level is breached, we could see a further decline in Avalanche’s market price.

In stark contrast, BlockDAG has experienced a remarkable surge of 2,380% over the last year. This surge follows a period of sluggish performance by most cryptocurrencies, which experienced losses of up to 90% from their 2021 highs.

Currently in its presale stage, the project has raised over $182 million with more than 17.9 billion BDAG coins distributed. Today, BDAG coins are available for purchase at $0.0248 each in presale batch 27.

Projections for 2025 suggest that BDAG could reach a $1 valuation, which would translate to a staggering 3,930% return for early presale participants who invested at the beginning of 2024. Further predictions suggest that prices might climb to $20 by 2027 and potentially $30 by 2030.

While Solana and Avalanche may be at risk of price declines, BlockDAG is anticipated to maintain its upward trajectory. This optimism is largely fueled by the Pre-Launch Participation effect, where early buyers are expected to continue acquiring and holding the coin long-term as demand escalates, aiding the project in gaining momentum.

The cost-effectiveness of BDAG also contributes to its appeal. With BDAG priced at only $0.0248, compared to Solana’s $176 and Avalanche’s $36, traders can purchase thousands of BDAG coins for the price of one SOL, each with potential highs of $30 by 2030.