Solana Leads in Developer Activity

Solana Leads in Daily Addresses

Will $SOL Replace $ETH?

This question depends on the utility altcoins on Solana, such as:

⇾ $ONDO ( @OndoFinance )

⇾ $RENDER ( @rendernetwork )

⇾ $HNT ( @helium )

⇾ $TAI ( @tarsprotocol )

Yes, most of the activity on Solana is related to its massive memecoin ecosystem.

But to replace $ETH, it needs more than just the utility world that Ethereum has occupied over the past few years.

Let’s take a look at these 4 options in the $SOL ecosystem to see if they are worth investing in immediately based on price trends.

1. $RENDER

⇾ Support: $3.9

⇾ Resistance: $6.7

Good double bottom trend.

Up more than 50% since the low.

2. $HNT

⇾ Support: $3.3

⇾ Resistance: $5.3

Double bottom like Render, but requires less capital to reach around $10 in 2024.

Up more than 50% since the low.

3. $ONDO

⇾ Support: $0.79

⇾ Resistance: $1

Holding above the trend line and starting a new push.

The psychological barrier of $1 is currently the only resistance.

4. $TAI

⇾ Support: N/A

⇾ Resistance: $0.10

No support as the price has fallen to the lowest level since launch.

Has achieved over 4 times growth since hitting the local bottom.

I will wait for momentum to cool down and for the price to drop to $0.10 before making the next significant move.

Which Solana-based altcoins are you holding in this cycle?