• As reported by A16z, Solana, a layer-1 blockchain known for its speed, has contributed 100 million active addresses out of a total of 220 million.
• If institutions and investors continue to adopt Solana’s blockchain, SOL’s price could rise to $200.

Solana (SOL), the fifth-largest coin with a market capitalization of $72 billion continues to shine in the broader digital currency ecosystem with a spike in active addresses and an increase in developer interest. According to the recent report by A16z, one of crypto’s most reputable venture capital firms. This data shows the crypto industry is achieving its ultimate goal, Mass adoption with Solana’s successes.

In September 2024, 220 million addresses interacted with a blockchain once per month, this is triple what was the record in 2023, 70 million addresses. According to A16z’s projections, monthly active crypto addresses could hit 1 billion by 2031.

Solana Takes Center Stage

It is worth noting that Solana contributed 100 million of the 220 million total active addresses, this is enough evidence that Solana is rapidly growing in popularity among startup founders. Trailing behind is  NEAR a Layer2 blockchain for developers with 31 million addresses, then Base with 22 million, Tron at 14 million, and coming in fifth is Bitcoin (BTC) with 11 million addresses.

The A16z report pointed out that the blockchain that saw the biggest change in total share of builder interest according to their builder energy dashboard is Solana. 

For context, the Builder Energy Dashboard lists the developer’s interest in building applications on blockchains in the ecosystem. The total share of founders who are looking to build blockchain-based applications on Solana doubled from 5.1% last year to 11.2% this year.

Solana-based meme coins have played a key role in boosting the blockchain’s valuation into the top 10. Over the past week, POPCAT, BONK, and WIF collectively added $552 million to their market cap, according to CoinGecko data, with BONK alone increasing by 15.9% since October 10.

Each of these meme coins is benefiting from the broader crypto surge, with technical analysis suggesting that their upward momentum could continue if bullish trends persist. For Solana, if it successfully handles competition, maintains its pace of technological advancements, and strengthens its partnerships, the coming decade could offer substantial rewards for long-term investors.

Solana (SOL) May Hit $200 by 2025

As of writing, the price of Solana is changing hands for $153.9, up by 0.98% in the last 24 hours with its market capitalization at $72 billion.

One main factor that could drive Solana’s growth is its infrastructure which has drawn attention from consumers as well as institutional investors. It is generally believed that SOL could hit the $200 price mark but for this to happen, the projection is that it will need to sustain its current growth course.

Additionally, there is growing speculation that a Solana (SOL) ETF is highly likely to be filed and approved by the U.S. SEC based on the project’s increased interest from institutional investors.

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Investors are searching for new altcoins that provide more significant opportunities as the crypto market prepares for the next bull run. The list includes Dogecoin (DOGE) and Polkadot (DOT). Because of its creative features and presale stage price, Rollblock—a pioneering decentralized finance (DeFi) platform—has garnered investor interest.

With only $0.0315 presale price, Rollblock offers early participants a unique chance to profit.​​​​ Let us see why Rollblock could be a superior investment to DOGE and DOT for the next market cycle.

Why Rollblock is the new altcoin to watch

Amid the struggles of DOGE and DOT, Rollblock is emerging as a strong contender in the DeFi space. In its 7th presale round for $0.0315, Rollblock has attracted over 4,000 investors and raised over $4.5 million. Post-launch, Rollblock is predicted to have a 100x surge.

Rollblock offers real value thanks to its ecosystem, unlike DOGE, which relies on outside hype, and DOT, which has been slow to generate traction. It has no KYC requirements, has transparency in online gaming, and offers staking and yield farming as passive revenue sources.

With the global gambling business projected for a $500 billion market, Rollblock’s GambleFi ecosystem might take the stage here. Rollblock offers an exciting prospect for investors searching for a new altcoin that compares well to DOGE price predictions.

Rollblock’s low cost and tremendous growth potential provide DOGE and DOT holders a good option to maximize their profits in the upcoming bull run.

Dogecoin (DOGE) is in desperate need of Elon Musk’s help

King of meme coins, Dogecoin (DOGE) is balling relevance in 2024. Despite its popularity, DOGE’s price predictions have been underwhelming recently. This is largely due to the lack of social media buzz and Elon Musk sponsorships. Exciting and popular, DOGE value has eroded over 70% from its 2021 ATH and investors are not happy.

Much of DOGE’s price prediction and boost have been tied to Musk’s tweets, making it overly reliant on external influences rather than real technological innovation. While Musk’s sporadic endorsements can trigger short-lived rallies, DOGE lacks the solid fundamentals and utility to sustain long-term growth.

Although DOGE’s low transaction fees make it worthwhile for tipping and small transactions, there hasn’t been enough progress to turn Dogecoin into more than a meme-driven asset.​

Many analysts suggest that unless Musk or other high-profile celebrities actively push the coin again, the DOGE price prediction might never be positive again.

Polkadot (DOT): Fighting market lows to break free

Once heralded as a cryptocurrency with great promise because of its unusual multi-chain design, Polkadot (DOT) has had challenges similar to those faced by DOGE. DOT’s price is well below its past highs of $12 earlier this year.

Despite ongoing development on the Polkadot network, DOT has had to rebuild investor trust, including significant enhancements like the Polkadot 2.0 effort, which seeks to decentralize its governance.

Part of DOT’s challenge has been the slow pace of adoption and stiff competition from other blockchain networks. Other projects are gaining more attention, leaving DOT behind. Even though its interoperability capabilities hold long-term promise, the slow pace of development has frustrated many DOT holders.​

In search of a new altcoin to ride the next bull run, invest in Rollblock now!

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Disclaimer: This is a sponsored post. The Crypto Times does not take any editorial responsibility for the accuracy, quality and fairness of the published content. We advise our readers to always do their own research before engaging with any products mentioned on our website.

• Dogecoin price could surge 15,500% in the coming bull run, putting it at $19.37 per coin.
• DOGE price broke out of a crucial falling wedge 156 days after the April 20 halving, signaling the start of the 155X rally.
• If DOGE fails to close above $0.13, it could fall back into the wedge, invalidating the current bullish thesis.

Dogecoin price recently took off following a tweet from Elon Musk and rose 18% in less than 24 hours, capturing the attention of crypto traders. This crypto asset has been in existence since 2013, created as a lighthearted joke. 

However, in the past few years, it has transitioned from a meme coin to a market force, driven by online communities, celebrity endorsements (most notably from Elon Musk), and the increasing adoption of cryptocurrencies in mainstream finance. As 2024 rolls along, investors wonder whether Dogecoin will pump or dump.

• Dogecoin price is trading at $0.116831 at press time, having decreased 0.3% in the last 24 hours and increased 96% in the past 1 year.
• Blockzeit indicators suggest a bullish sentiment on the price of DOGE in the market at present.

Dogecoin (DOGE) and Network Review

Dogecoin operates on a decentralized peer-to-peer network, much like Bitcoin, but with faster block times (1 minute compared to Bitcoin’s 10 minutes). Miners maintain the Dogecoin network using the Scrypt algorithm, which it shares with Litecoin, allowing for merged mining.

While the Dogecoin blockchain remains fairly straightforward, recent development activity has sparked new interest. The Dogecoin Foundation, revitalized by the surge in DOGE prices during 2021, has been working on several upgrades to enhance transaction efficiency and reduce energy consumption. One key factor contributing to Dogecoin’s resilience is its strong community, which rallies around the meme coin during market downturns.

Dogecoin has a total supply of approximately 146 billion DOGE, all in circulation. At a price of $0.1215, DOGE boasts a market cap of $17.8 billion. However, Dogecoin price could be limited by its inflationary tokenomics.

Why DOGE Price May Pump

• Dogecoin price is heavily influenced by community hype. Small triggers like memes or celebrity tweets can lead to significant buying pressure due to the ‘fear of missing out’ effect.
• Dogecoin’s technical improvements aim to reduce transaction costs and increase speed, making it more attractive for real-world transactions. If Dogecoin can position itself as a viable payment solution, its utility and value may grow substantially.
• Major companies like Tesla and X have already started accepting DOGE as payment. If more companies do the same, DOGE’s usage could increase, leading to higher demand and price.
• During an “altcoin season,” Dogecoin often sees a price surge as investors seek higher returns in smaller-cap cryptocurrencies.
• Speculations of a Dogecoin ETF.

Why DOGE Price May Dump

• Despite its popularity, Dogecoin lacks intrinsic utility compared to other cryptocurrencies like Ethereum and Bitcoin. If market participants prefer more utility, DOGE could fall out of favor.
• Dogecoin faces competition from newer meme coins like Shiba Inu (SHIB) and Pepe Coin, which are gaining popularity. As these coins attract a younger and more speculative audience, Dogecoin may lose its edge as the top meme coin.
• The crypto market is highly volatile, especially Dogecoin. It can surge rapidly but also experience swift and painful corrections.
• Governments worldwide are considering regulating or banning certain crypto trading aspects, which could severely impact the Dogecoin price.
• Dogecoin tokenomics are inflationary, meaning the supply increases over time. This could stifle growth in the long run.

Dogecoin Price Technical Analysis

The DOGEUSDT chart illustrates the historical performance of Dogecoin (DOGE) around its halving events, focusing on its exponential price increases post-halving.

From the previous price performance, we can identify clear patterns of massive bullish surges following these events, making the halving in April 2024 an essential factor for future DOGE price action.

Historical Bitcoin Halving Events:

• 2nd Halving (July 9, 2016): 231 days after this halving, the price surged by approximately 8,000%, marking the start of a massive bullish run.
• 3rd Halving (May 11, 2020): DOGE price experienced an even more remarkable 23,000% rise 192 days after the halving, peaking during the 2021 bull run.
• 4th Halving (April 20, 2024): It is now 177 days after the halving, and given past trends, a significant price movement could follow. This phase will likely be crucial in triggering a new wave of interest and upward momentum for DOGE.

Based on the 23,000% rally post-2020 halving, another massive rally could occur in the 2024—2025 bull cycle. If we follow similar patterns, price targets of $10.00 to $20.00 are possible within 12-18 months post-halving.

DOGE price shows strong potential for a long-term rally as it broke out of the falling wedge 156 days after the April 20 halving. This suggests the 2025 Dogecoin bull run cycle has begun.

If DOGE fails to close above $0.13, it could fall back into the wedge, invalidating the current bullish thesis.

Support and Resistance Levels

Current support is seen around $0.12, which has held strong multiple times. This level will be crucial as we approach the halving date.

On the other hand, there is immediate resistance stands around $0.17, which corresponds to the upper boundary of the wedge. A breakout above this level could lead to a substantial rally, especially if the halving event triggers a similar response as in past cycles.

Long-Term & Short-Term Trade Recommendations

• Consider entering near $0.12 for a long position with stop-loss just below $0.10 to mitigate risks, anticipating a bullish breakout above $0.13.
• Moderate leverage such as 5x is good to capitalize on a potentially sharp increase toward the November 5, 2024 elections.
• For long-term trades, initial targets are at $0.40 and $1.00, with a potential extension to $4.00-$6.00 and finally $10-$19 following the November elections and 2025 bull run.

Dogecoin Price Prediction: Can DOGE Hit $19?

Optimistic predictions suggest that the Dogecoin price could reach $19 in the coming bull run, a 15,500% increase from its current price. However, its future trajectory is far more complex and dependent on several key factors.

The mass adoption of cryptocurrencies will be one of the strongest catalysts for the Dogecoin price surge in 2025. Some major companies, such as Tesla, have already embraced the meme coin. Most recently, at the unveiling of Tesla’s new autonomous vehicle, “Cybercab,” Elon Musk teased Dogecoin Integration with Tesla via a Shiba Inu — Dogecoin’s symbol— display. Dogecoin’s official X account reacted to the reveal, calling the vehicle a “Shiba Inu taxi.”

If more businesses adopt DOGE for payments, it would significantly boost its utility and price.

Bitcoin’s price movements have historically been the barometer for the entire cryptocurrency market. If Bitcoin commences the final phase of the 2024 bull cycle in 2025, Dogecoin could experience a strong uptrend.

In the previous bull markets, Dogecoin soared 8,000% (2017) and 23,000% (2021). All these bull runs began 150 and 250 days after the Bitcoin halving.

Taking an average of these two periods shows that the Dogecoin price rally could begin in the next 1-2 months. Furthermore, the average of the previous two bull runs is 15,500%. This puts the price of DOGE at $19.37 from the current price if it replicates the previous performance.

Dogecoin enjoys a massive community of over 6 million holders. Additionally, most of the top 100 holders, who have 100 million DOGE or more, rarely move their coins, suggesting a dedicated community of investors who believe in the future of DOGE and are willing to wait and see what it holds. 

Finally, the November 5 elections may propel Dogecoin price to new all-time highs as DOGE is closely tied to Donald Trump winning the elections. Recently, Elon Musk tweeted, “D.O.G.E will fix it,”  in response to a Los Angeles Times article reporting that California officials had blocked his SpaceX company from launching more rockets from the state.

The tweet caused DOGE and D.O.G.E prices to surge. The Department of Government Efficiency (D.O.G.E) narrative has grown over the past few months as election campaigns heated up. If Trump wins, DOGE is likely to surge higher and potentially spark the beginning of its bull run to $19.

Conclusion

Dogecoin price has come a long way from its origins as a joke cryptocurrency. Its journey has been marked by significant price fluctuations driven by high-profile endorsements, community initiatives, and broader market trends. While Dogecoin has the potential for substantial gains, it also faces market volatility, regulatory concerns, and competition from other cryptocurrencies.

Although the XRP price prediction for the end of 2024 is gaining attention as the crypto market heats up, it is nothing compared to the explosive surge of the Shiba Inu price and the Ethereum token of the WallitIQ (WLTQ) ecosystem. Investors are paying attention to the increasing Shiba Inu price and the remarkable rise of the WallitIQ (WLTQ) token, which Is expected to shoot up from $0.0171 to $5.7 in only two months. These currencies have the potential to completely change the market in a sector that is evolving quickly, forcing the XRP price to keep up. 

WallitIQ (WLTQ) Is Leaving The XRP Price And Shiba Inu Price Behind

The XRP price prediction for the end of 2024 may still be notable since it’s above the Shiba Inu price. The highlight of them all remains the meteoric rise of the WallitIQ (WLTQ) token, which is turning heads across crypto space. 

Beyond its expected impressive surge from $0.0171 to $5.7 in just two months, WallitIQ (WLTQ) is a DeFi wallet that offers an unparalleled utility that could leave XRP and Shiba Inu prices playing catch-up. This WallitIQ (WLTQ) wallet allows users to store, manage, and secure their digital assets, providing top features that make interacting with these assets easier. 

WallitIQ (WLTQ) protects users using intelligent security features such as Facial and Biometric authentication, and an Escrow Connect technology that prevents fraud, cyber-attacks, and others. There is also an anomaly detection system which tracks users’ wallets for any malicious activity, thereby protecting their assets and private data. In addition to this, SolidProof has audited WallitIQ’s  smart contract, highlighting its commitment to security and transparency

WallitIQ’s premium features can only be accessed by using its platform to store digital assets and investing in its Ethereum token. This Ethereum token offers benefits such as lower transaction fees, an APY of up to 180%, yield farming opportunities, staking options and rewards, and more. 

WallitIQ (WLTQ) users have cutting-edge tools to maximize their financial strategies, giving them a significant advantage in the fast-moving crypto market. This incentivizes long-term commitment, creating a feedback loop of growth and loyalty. 

The ongoing presale of WallitIQ (WLTQ) AI token is well positioned to command decentralized finance, according to CoinMarketCap’s official listing of the project. These features show the ability for a rise from $0.0171 to $5.7 in just two months for the Ethereum token.

Prediction: XRP Price Institutional Backing Vs. Shiba Inu Price Community Strength 

Crypto community comments on the XRP price prediction for 2024 are divided. Experts predict that the XRP price could hit $0.66 by year’s end, with others predicting a massive $100 soon. However, cautious forecasts suggest a drop in the XRP price to $0.30 because of regulatory concerns over legal fights. 

On the other hand, the Shiba Inu price is trading at $0.000018 after declining by 1% in the past 24 hours. Crypto analyst Javon Marks said that the Shiba Inu price is still more than 470% from reaching its bullish objective of $0.000081. The latest upturn, however, may serve as “the catalyst for significant upside movement” toward the Shiba Inu price’s ultimate objective. 

While its vibrant community keeps the Shiba Inu price and XRP price alive, if they cannot rally significantly, investors could lose interest in the top cryptocurrencies in search of high-profit tokens like the WaliitIQ (WLTQ) Ethereum token. 

Conclusion

While analysts expect the XRP price in 2024 to surge, the Shiba Inu price and WallitIQ (WLTQ) token are also predicted to generate even higher gains. The WallitIQ (WLTQ) Ethereum token is expected to rise from $0.0171 to $5.7 in two months. With its DeFi wallet’s smooth transaction features, staking incentives, and more, the WallitIQ (WLTQ) Ethereum token might outperform the XRP and Shiba Inu prices. Investors who want to capitalize on this bullish position can now invest in the Ethereum token during its presale. 

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale

Join the WallitIQ (WLTQ) Community

The Solana price is down over 4% today, just two days after reaching a weekly high at around $158. This price decline is due to several factors, including a drop in Solana’s network activity between October 16 and 17. Meanwhile, the sentiment in the broader crypto market has also affected SOL, with the Bitcoin price cooling off after the rally earlier in the week.

Why The Solana Price Is Down

SOL is down over 4% today following a decline in the network activity on Solana. DeFiLlama data shows that decentralized exchange (DEX) volume on the network dropped on October 16 and 17, with $1.69 billion and $1.68 billion recorded on these days. The network recorded a weekly high DEX volume of $2.06 billion on October 14, with the Solana price rising to as high as $158 in the process.

The drop in DEX volume means fewer users interacted with the network on October 16 and 17, which explains why the coin’s price dropped. A surge in trading volume typically leads to a spike in price, while a drop in volume leads to downward pressure. The drop in Solana’s DEX volume comes just days after SOL overtook ETH in weekly and daily DEX volume.

It is worth mentioning that Ethereum has once again reclaimed its crown from Solana. In the last 24 hours, Ethereum has recorded a DEX volume of $1.7 billion compared to Solana’s $1.6 billion.

Meanwhile, the Solana price is also down today because of the sentiment in the broader crypto market. The Bitcoin price is currently correcting after the rally earlier in the week.  Other coins tend to follow the flagship crypto, which explains why SOL is also experiencing a price correction of its own.

What Next For The Crypto’s Price

Crypto analyst Crypto Patel stated in an X post that the Solana price is consolidating within key and resistance zones. He further claimed that the price had rejected the resistance at around $160, which could lead to a decline towards the support level at around $140 for a retest.

If the Bitcoin price continues to retrace, a retest of the $140 support zone looks likely for the Solana price. Crypto analyst Ali Martinez recently stated that BTC could drop back to $63,300 if it fails to hold the critical support level at $66,780 following a retest.

In the long term, SOL’s outlook is undoubtedly bullish, as crypto commentators like Eugene Ng Ah Sio predict that the crypto could hit a new all-time high (ATH) of $1,000.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.