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BREAKING: Crypto Bro’s Most Epic Prediction Yet – Will SOL Price FINALLY Skyrocket as TVL Hits 1-Year High?! (Spoiler Alert: We’ve Seen This Movie Before)

Crypto NewsEthereumSolana 1 Sam Rogers August 25, 2024

A comic-style illustration of the Solana network as a city with various skyscrapers representing decentralized applications (DApps). The buildings are shown in different states, some thriving and others struggling. A large resistance barrier at $150 blocks SOL's price from rising further. In the background, Ethereum is depicted as a rival city, its average fees dropping to around $1. Other blockchains with memecoin launches are shown gaining traction.

The perpetual optimism of crypto bros never ceases to amaze me. They’re like the boy who cried wolf – always predicting that prices are about to skyrocket, only for them to plummet instead. Solana’s TVL has reached a near 1-year high, but will SOL price follow? Not if I have anything to say about it! The token is still stuck at $150 resistance and investors are questioning whether the improvements in network fundamentals are enough to drive prices up again. One reason for the lack of enthusiasm among investors stems from Cboe Global Markets’ recent decision to remove spot Solana ETFs from its website, suggesting that the SEC has informally rejected them.

Source: cointelegraph

Solana TVL hits near 1-year high — Will SOL price follow?
https://cointelegraph.com/news/solana-tvl-hits-near-1-year-high-will-sol-price-follow
Solana’s native token SOL has been unable to break above the $150 resistance level since Aug. 12. However, some network metrics have shown strength, including the total deposits in its decentralized applications, which have surged to their highest level since October 2022. Traders are now questioning whether these improvements in network fundamentals are sufficient to drive SOL’s price back to $190 and what factors may be hindering its performance. One […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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