On Wednesday, Solana’s price went up to a new high in relation to Ethereum (ETH). SOL is regarded as one of Ether’s main rivals in the smart contract space. Therefore, the fact that SOL/ETH reached a new all-time high is a significant event for SOL traders.
Given that Ethereum is currently trading at about $2,600, a technical analyst determined what makes Solana distinct from Ethereum and provided an explanation for the price increase of SOL. Layer 2 and Layer 3 chains, along with other scaling options, allowed Ethereum to grow its ecosystem. But at the same period, Solana became more well-known because of the introduction of new tokens on the chain and meme currencies.
MetalCore Game will switch to Solana due to the fast transaction speed
After launching its first season on Ethereum’s Immutable zkEVM platform, MetalCore had performance problems that were mostly caused by transaction rates and network latency. Studio 369 looked for a quicker and more effective blockchain solution as a result of these difficulties. As a result, SOL’s strong infrastructure was thought to be a good choice for reaching the required game performance levels.
SOL’s growing pace, transaction volume, and stability make it a favorable setting for MetalCore, according to Matt Candler, CEO of Studio 369. He underlined that Solana (SOL) has maintained a 99.95% uptime and generated billions of dollars in transaction volume, underscoring the important role this infrastructure would play in the game’s future.
By switching to SOL, which is renowned for its great scalability and cheap transaction costs, MetalCore is helping this blockchain gain traction in the gaming industry. This action is probably going to serve as inspiration for other GameFi initiatives. It is anticipated that the transition to Solana (SOL) will occur in November.
Solana price prediction
With only one negative close over the seven-week rebound, Solana’s native token, SOL, has had a more robust positive outlook since its retest around the $120.40 low on September 2. The market value of the cryptocurrency has increased since this price increase, surpassing significant resistance levels of about $163.56, which were last observed on August 8.
The Solana price is ready for a surge since multiple indicators point to a positive continuation soon. The relative strength indicator, for example, is currently pointing upward, suggesting that short-term optimistic sentiment toward the coin is growing. Additionally, a prominent X influencer bet $10 million on the Solana price to reach a new all-time high.
DTX Exchange: The leading crypto for the future
With its state-of-the-art hybrid platform, DTX Exchange (DTX) integrates next-generation trading options to provide profitable possibilities and access to additional premium services inside the exchange. Due to its million-dollar value that defies market perceptions, investors and regular traders are rapidly selecting this new deFi initiative over other crypto giants.
The fourth stage of the DTX Exchange utility token’s presale is now underway. Its price has increased by 300% from its initial $0.02 to simply $0.08. But phase five is approaching, and it is anticipated that the price of this cryptocurrency will rise to $0.10. After DTX Exchange is shortly listed on a reputable cryptocurrency exchange, experts see another 10x increase. They thus think that DTX Exchange could be the greatest cryptocurrency to purchase right now.
Other cryptocurrency giants invest in it because of its current presale. This has enabled it to generate about $5.97 million. At this point in its presale, DTX Exchange is at phase four, thus this is a significant accomplishment. With DTX Exchange, the greatest characteristics of DEX and CEX are combined into one. As a result, it will introduce a hybrid trading platform that will allow users to anonymously trade more than 120K asset classes, including equities, gold, cryptocurrency, and more.
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