Solana (SOL) Price Prediction 2022: Will SOL Reach a New All-Time High?

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.

Solana (SOL) price hit a new high against Ethereum (ETH) on Wednesday. Being one of Ether’s main competitors in the smart contract space, the SOL/ETH pair reaching a new all-time high is a noteworthy development for SOL traders.

A technical analyst broke down what sets Solana apart from Ethereum and explained the reason behind SOL’s price surge, especially considering that Ethereum is currently trading around $2,600. While Ethereum scaled its ecosystem with Layer 2 and Layer 3 chains, among other scaling solutions, Solana gained more traction due to the introduction of new tokens on the chain and meme coins during the same period.

MetalCore Game to Switch to Solana for Faster Transactions

After launching its first season on Ethereum’s Immutable zkEVM platform, MetalCore faced performance issues largely due to transaction speeds and network latency. These challenges led Studio 369 to seek a faster and more efficient blockchain solution. As a result, SOL’s high-performance infrastructure was deemed a suitable choice to achieve the desired game performance.

According to Studio 369 CEO Matt Candler, SOL’s growing network performance, transaction volume, and stability make it a favorable environment for MetalCore. He highlighted that Solana (SOL) maintains an uptime of 99.95% and billions of dollars in transaction volume, emphasizing the critical role this infrastructure will play in the game’s future.

By switching to SOL, which is known for its high scalability and low transaction fees, MetalCore is facilitating the blockchain’s entry into the gaming industry. This move is likely to inspire other GameFi projects. The transition to Solana (SOL) is expected to take place in November.

Solana Price Prediction

Solana’s native token, SOL, has had a largely bullish outlook since its retest at the $120.40 low on September 2, with only one negative close over the seven-week rally. This price surge has seen the crypto asset rally past key resistance levels of around $163.56, which were last seen on August 8.

Several indicators suggest that the Solana price is set for a surge as multiple technicals hint at a continuation to the upside soon. For instance, the relative strength indicator is pointing upwards, suggesting that short-term optimism towards the coin is rising. Moreover, a prominent X influencer bet $10 million on the Solana price to hit a new all-time high.

DTX Exchange: The Future’s Leading Crypto

Integrating next-generation trading options for profitable opportunities and access to additional premium services within the exchange, DTX Exchange (DTX) unites the best of both worlds with its state-of-the-art hybrid platform. This new deFi project is quickly becoming the choice of investors and regular traders over other crypto giants, largely due to its million-dollar value that defies market perceptions.

The fourth stage of the DTX Exchange utility token presale is currently underway, with its price having risen by 300% from its initial $0.02 to now be priced at a simple $0.08. However, phase five is on the horizon, and this crypto asset is set to increase in price once more, this time to $0.10. After DTX Exchange is quickly listed on a major cryptocurrency exchange, experts are anticipating another 10x increase, and they believe that DTX Exchange could be the best crypto to buy now.

Other cryptocurrency giants are investing in it as a result of its presale, which has enabled it to generate about $5.97 million. At this point in its presale, DTX Exchange is at phase four, making this a significant achievement. DEX and CEX’s best features are combined by DTX Exchange. 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.

Learn More:

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