ðĨ Hi friends! Leading Solana-based NFT projects DeGods and y00ts reported migrating to other blockchains in the first quarter of 2023 - to Ethereum (ETH) and Polygon (MATIC) networks, respectively.
ðĐ I'm sure that this an important news, but friends, how many % from total number of transactions inside Solana blockchain these NFT organizations provide? 0.5%, 0.1%? I'm sure that it doesn't have significant impact on the SOL blockchain.
In recent news, before the migration, the DeGods team made a request to the Solana Foundation for 5M to keep the project on its blockchain. According to them, this amount was paid by the Polygon partner fund in the form of a grant.
Personally for me, the biggest impact on all altcoins have Bitcoin growth or fall. I think that some huge manipulations are coming.
If the SOL price will make a pullback down and collects the sl below the key level of $10.94 (false breakout), the price will grow and reach the next targets.
â
MY TARGETS FOR SOLANA:
ðĨ $12.2-12.45 - the value area
ðĨ $12.8 - the key level
ðĨ $13.5-13.7 - the key level
The volume bars should grow during the false breakout which confirms that the bottom is already reached.
What are your possible targets for SOLANA ($5,$10,$20)? Write it in the comments!
ðŧFriends, press the "boost"ð button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.