Solayer (LAYER) is a high-performance blockchain network designed to improve the scalability and efficiency of decentralized applications (dApps). Below, I present a brief but compelling analysis of this cryptocurrency:
*Summary of Solayer*
- *Name:* Solayer
- *Symbol:* LAYER
- *Exchange:* Binance
- *Currency:* USD
- *Market capitalization:* $674.26M
- *Current price:* $0.66
*Technical Analysis*
- Technical indicators suggest consolidation, with strong support at $0.83 and resistance near $0.90-$0.92.
- The RSI (Relative Strength Index) is at 39.53, indicating that the asset is approaching oversold territory.
- The MACD (Moving Average Convergence Divergence) shows signs of momentum change.
*Price Prediction*
- By 2025, LAYER is expected to trade between $1.102 and $1.225, with an average of $1.165.
- In the long term, LAYER could surpass $2.00 in 2029, given favorable market conditions and ecosystem adoption.
*Key Features*
- *Tokenomics:* The total supply of LAYER is 1 billion tokens, with an initial circulating supply of 210 million.
- *Staking model:* Solayer introduces a Staking Pool Manager, where users deposit SOL or LST based on Solana to receive sSOL tokens.
- *Integrations:* Solayer extends Solana's virtual machine (SVM) by integrating advanced technologies such as InfiniBand, Software Defined Networks (SDN), and Remote Direct Memory Access (RDMA).¹ ²