With the crypto market seeing an uptick in the second half of July, analysts are bullish on certain altcoins and, particularly, Solana (SOL). Some experts believe that the market cap of Solana (SOL) will reach the $100 billion mark in August 2024.
In the light of the positive price dynamics of Solana (SOL), analysts are bullish on it. According to some boldest predictions, it may even hit the $100 market cap in late August 2024.
The grounds for these forecasts? First, strong fundamentals. Its technical strength is the reason why devs and users opt for Solana (SOL). Second, its memecoin ecosystem. It’s been a top pick for many emerging projects these days.
Now, to the actual market data. As of writing, Solana (SOL) has a market capitalization of $79.039B. The token price is $170.42. Over the last 24 hours, the coin lost 3.9% in value. Within a week, it rose by 7.1%.
The current market cap of Solana (SOL) is not that far away from $100B. Attaining this threshold could benefit the token’s price further. Perhaps, the community could be looking at an even more sizable price uptick than over the recent months.
Solana (SOL) is already the fifth-largest coin in the crypto market so far. The total value locked in this token is $5.14B at the time of writing. But, the sky’s the limit.
The community is highly optimistic about this token. Many market watchers are saying they wish they could lock it in earlier.
What Could Propel Solana (SOL) to $100B?
What should happen to help Solana (SOL) cross the $100B market cap threshold? The main catalyst could be continuous improvement. New features and opportunities for devs will keep users flocking to it.
Solana (SOL) already sees many dApps and NFTs launching on its network. More projects within the ecosystem would drive the demand for Solana (SOL) tokens. Greater demand often contributes to market cap expansion.
Finally, market sentiment matters. Positive news about Solana (SOL) and altcoins in general fuel community enthusiasm. As a result, buying pressure and price appreciation are highly likely, all potentially boosting market cap.
What Happens to Solana (SOL) Cost if It Hits $100B Market Cap?
No one can determine the future price of Solana (SOL). The market powers shaping the prices can change overnight. Anyways, an increase in market cap should benefit the positions of Solana (SOL).
Is Solana (SOL) Good for a Crypto Portfolio?
Solana (SOL) could be an option to consider. Priced at $170.42, it’s not a low-cap asset. But given its strong fundamentals and technical advantages, it has all the potential for ruther expansion. Of course, nothing is guaranteed, so doing research is advisable.
Minotaurus ($MTAUR): An Emerging Opportunity with a Low Entry
As the community observes the journey of Solana (SOL), savvy enthusiasts might be looking for other promising assets – perhaps more affordable ones. Speaking about low-cap cryptos that hold potential, it might make sense to consider presales. Such projects offer tokens at reduced rates and provide other perks that are not available to the general public.
One of emerging opportunities in this area is Minotaurus ($MTAUR). It’s a blockchain gaming project featuring an eponymous hyper-casual runner. Players take the role of a Minotaur who completes challenging levels and overcomes obstacles. The goal is to escape the maze.
At the time of writing, the Minotaurus ($MTAUR) presale is in full swing. $MTAUR, its native cryptocurrency, is worth $0.0000468 per coin. Buying tokens for that price would mean 76.6% savings. Upon listing, the $MTAUR price is projected to reach $0.00020 per coin.
Opportunities for Holders
Many of today’s ICOs don’t have distinct utility for their tokens. Such projects often turn out to be short-lived, as enthusiasm around them may vanish once the trend is gone. Unlike tokens reliant on hype, Minotaurus ($MTAUR) has multiple in-game uses.
Players can convert $MTAUR into virtual currency. With that currency, users can acquire a range of in-game items. There are multiple boosters, power-ups, and tools on offer. Avatar customization options and access to special zones can be also unlocked.
On top of that, there are more incentives for staying active. Those who bring friends to the project can receive referral benefits. And buyers who choose to extend vesting when purchasing $MTAUR can get extra tokens.
What Else is Special About $MTAUR?
A few words about the $MTAUR tokenomics. It’s designed with the cliff and vesting mechanisms embedded. Tokens are released gradually, which prevents flooding the market all at once. Gradual unlocks help promote stability within the ecosystem.
Many crypto enthusiasts are concerned about safety, and for a good reason. The Minotaurus ($MTAUR) project has its project audited by Coinsult and SolidProof, reputable auditors.
Now, to the Minotaurus ($MTAUR) creators. The project is built by the devs who participated in popular crypto projects and were part of top teams.
Why Consider Minotaurus ($MTAUR)?
Minotaurus ($MTAUR)is entering the casual gaming market. Analysts at Statista estimate this industry at $14.78 billion. The projected growth rate is nearly 9% yearly. As for the hybrid-casual gameplay, it seems to be in line with players’ preferences. According to SensorTower, 5.9 billion of such games were downloaded from app stores in 2023.
To sum up, the market holds promise, and the entry point looks favorable – just $0.0000468 per token. Plus, early buyers can secure other exclusive perks. To reap the maximum value of this presale offering, it makes sense to consider early involvement.
Learn more about Minotaurus ($MTAUR)
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