The native token of Solana, $SOL, has recently soared above the $18 mark, with a remarkable 18% increase over the past few days. This surge, catalysing bullish sentiment among the crypto traders, has put a spotlight on the altcoin market. $SOL‘s momentous rally showcases the potential for significant market growth, as evidenced by its current price of $22.06, and trading volume of $356.4 million in the last 24 hours.
Quite notably, the key indicators for $SOL‘s technical analysis paint a prosperous picture. With the token trading above the 50-day simple moving average (SMA) of $18.79 and 200-day SMA of $20.44, together with its current relative strength index (RSI) at 69.56, we can see the platform edging toward an overbought zone.
However, despite the token’s promising rally, it hasn’t been immune to setbacks. As a striking example, it was recently delisted from several U.S. trading platforms after the Securities and Exchange Commission (SEC) reprimanded both Binance and Coinbase for listing $SOL as an unregistered security.
Concurrently, there’s another buzzing token in the market, namely the yPredict token ($YPRED), currently surpassing $3 million in presale. It is a product of a new blockchain-powered platform that offers quite a revolutionary approach. yPredict’s primary goal is to revamp the way traders deal with the cryptocurrency market through AI-powered predictive algorithm tools. This sophisticated platform helps traders forecast the value of crypto assets and helps identify high-risk ones, ultimately preventing potential losses.
yPredict’s AI system plays an essential role in comprehending bullish trends of tokens like $SOL before considerable price surges. As the media extol the benefits of the platform, its token, $YPRED, has spiked attention in the market.
The model tools provided by the platform offer new commercial opportunities for developers on yPredict, creating a revenue stream paid through $YPRED tokens for custom models. Additionally, it offers AI sentiment analysis, technical analysis, AI signals, and 25+ chart pattern automation.
But why invest in $YPRED? Beyond profit potential, it puts the top 1% of AI developers’ predictive models at the fingertips of its members. Furthermore, token holders can earn up to a 45% annual percentage yield (APY).
Lastly, the presale is currently in the sixth stage, with tokens priced at $0.09 apiece, which is a 25% discount to its planned listing price of $0.12. This provides an excellent opportunity for early birds to maximize returns. However, remember that the crypto market remains highly volatile, and it’s always crucial to exercise caution and thorough analysis before investing.
Source: Cryptonews
