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Solana Price Soars Above $180: These Altcoins Could Thrive Once SOL Price Hits $200Solana Price Soars Above $180: These Altcoins Could Thrive Once SOL Price Hits $200
The post Solana Price Soars Above $180: These Altcoins Could Thrive Once SOL Price Hits $200 appeared first on Coinpedia Fintech News
Solanaās price has been soaring significantly after rebounding from the levels below $10 in the last few weeks of 2023. The token has firmly formed new highs above $186 when the Bitcoin price ranged beyond $73,700. Now when the token faced a major sell-off, the SOL price also dropped notably and rebounded after hitting the lows below $165. Now that the price has regained $175, the token is believed to fight the bearish influence.Ā
After remaining elevated for over a week, the SOL price has faced excessive selling pressure since the early trading hours. Despite this, the price has been trying to hold within the upper resistance zone between $174.54 and $196.06. Therefore, the bulls are expected to hold within the levels until the dayās close and constantly defend the levels to maintain an elevated trend for a long.Ā
Besides, the ecosystem has also witnessed notable growth, regardless of the multiple network outrages that occurred in the past. Therefore, it indicates the growing strength within the chain, due to which the projects built over the network are also expected to gain mainstream attention. Below are a few SOL-based projects that can be considered for the upcoming bull run.Ā
Pyth Network (PYTH)Ā
The Pyth Network price has been maintaining a healthy upswing ever since the token rebounded from the lows in the first few days of the year
Regardless of the ongoing bearish action, the trend remains elevated within a rising parallel channel, which is trading along the average levels of the channel
Therefore, the price is believed to trigger a rebound, reclaim the levels at $1 and continue
Jupiter(JUP)
The price of Jupiter has been ranging within a rising wedge since the beginning of the month.
#HotTrends #sol
#jupitar
The post Solana Price Soars Above $180: These Altcoins Could Thrive Once SOL Price Hits $200 appeared first on Coinpedia Fintech News
Solanaās price has been soaring significantly after rebounding from the levels below $10 in the last few weeks of 2023. The token has firmly formed new highs above $186 when the Bitcoin price ranged beyond $73,700. Now when the token faced a major sell-off, the SOL price also dropped notably and rebounded after hitting the lows below $165. Now that the price has regained $175, the token is believed to fight the bearish influence.Ā
After remaining elevated for over a week, the SOL price has faced excessive selling pressure since the early trading hours. Despite this, the price has been trying to hold within the upper resistance zone between $174.54 and $196.06. Therefore, the bulls are expected to hold within the levels until the dayās close and constantly defend the levels to maintain an elevated trend for a long.Ā
Besides, the ecosystem has also witnessed notable growth, regardless of the multiple network outrages that occurred in the past. Therefore, it indicates the growing strength within the chain, due to which the projects built over the network are also expected to gain mainstream attention. Below are a few SOL-based projects that can be considered for the upcoming bull run.Ā
Pyth Network (PYTH)Ā
The Pyth Network price has been maintaining a healthy upswing ever since the token rebounded from the lows in the first few days of the year
Regardless of the ongoing bearish action, the trend remains elevated within a rising parallel channel, which is trading along the average levels of the channel
Therefore, the price is believed to trigger a rebound, reclaim the levels at $1 and continue
Jupiter(JUP)
The price of Jupiter has been ranging within a rising wedge since the beginning of the month.
#HotTrends #sol
#jupitar
Jupiter's Buyback: A Sign of Strength or a Cause for Concern? š¤ #JUPBuybacks
Jupiter Asset Management recently announced a share buyback program, leading to a flurry of discussions among investors. š§
A share buyback occurs when a company repurchases its own outstanding shares from the public market. š This can have several implications:
i.Sign of Confidence: Buybacks can signal that a company believes its shares are undervalued and that it has strong financial health. šŖ
ii.Increased Earnings Per Share: By reducing the number of outstanding shares, a company can boost its earnings per share, potentially making it more attractive to investors. š
iii.Return of Capital: Buybacks can be seen as a way for companies to return excess capital to shareholders. š°
However, buybacks can also raise questions:
iv.Alternative Uses of Capital: Some argue that companies should prioritize investing in growth or paying dividends instead of repurchasing shares. š¤
v.Potential for Manipulation: In some cases, buybacks can be used to artificially inflate a company's stock price. ā ļø
What are your thoughts on Jupiter's share buyback program? Do you see it as a positive move, or do you have concerns? Share your insights in the comments below! š
Disclaimer: This post is for informational purposes only and should not be construed as financial advice.
#jupitar
#jupstock #stockmarketupdate
Jupiter Asset Management recently announced a share buyback program, leading to a flurry of discussions among investors. š§
A share buyback occurs when a company repurchases its own outstanding shares from the public market. š This can have several implications:
i.Sign of Confidence: Buybacks can signal that a company believes its shares are undervalued and that it has strong financial health. šŖ
ii.Increased Earnings Per Share: By reducing the number of outstanding shares, a company can boost its earnings per share, potentially making it more attractive to investors. š
iii.Return of Capital: Buybacks can be seen as a way for companies to return excess capital to shareholders. š°
However, buybacks can also raise questions:
iv.Alternative Uses of Capital: Some argue that companies should prioritize investing in growth or paying dividends instead of repurchasing shares. š¤
v.Potential for Manipulation: In some cases, buybacks can be used to artificially inflate a company's stock price. ā ļø
What are your thoughts on Jupiter's share buyback program? Do you see it as a positive move, or do you have concerns? Share your insights in the comments below! š
Disclaimer: This post is for informational purposes only and should not be construed as financial advice.
#jupitar
#jupstock #stockmarketupdate
there a potential in wen because of market cap only 140 million so it's can go easily 300x
#Aevo #WIF #Write2ern #wn #jupitar #sol
this kind of project it's very important because of small market cap
#Aevo #WIF #Write2ern #wn #jupitar #sol
this kind of project it's very important because of small market cap
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