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The crypto market has shown signs of recovery as the number of active addresses on the Solana blockchain increased. Similarly, Cardano and a fast-growing coin have shown signs of a 20% gain in the coming month.
Solana (SOL) Active Addresses Pumps, Price Rally Coming?
The Solana blockchain has recorded an unprecedented surge in active users, even in the midst of a dismal cryptocurrency market. Data from “The Block” indicates that the number of active addresses reached a six-month high of 444.48k.
An increase in interest and participation within the Solana ecosystem is indicated by this spike in active addresses. It also represented a sustained need for Solana tokens. According to Coinmarketcap data, the Solana coin is valued in the $52.21 to $59.48 range in the past week.
This comes after Solana cryptocurrency dropped below the $60 mark. As long as the price of Solana stays above the $42 level, there is a chance for a bullish comeback. If the bullish trend does continue, the Solana price could potentially rise to $78.2, then $100, and finally $121.75 in the coming months.
Cardano (ADA) Price Analysis
The crypto market has had numerous ups and downs during the last two weeks. This was mostly brought on by developments involving Binance and the Bitcoin ETF. Major altcoins such as Cardano (ADA) have therefore not seen any movement in either direction in their trading.
A closer examination of the Cardano price chart, however, revealed that a pennant pattern had been established during this consolidation phase. Cardano is now the eighth largest coin by market cap, with a market worth of $13.26, according to CoinMarketCap. Cardano coin encountered a major roadblock at about $0.4.
This caused a consolidation phase due to an abundance of sellers in the market. If the price of Cardano broke above the resistance line, it could signal a continuation of the bullish trend. Cardano crypto could reach an initial target of $0.67, a 20% increase. Afterward, this could be followed by an extended move toward $0.55.
The Meme Moguls (MGLS) Ecosystem
Meme Moguls (MGLS) is a revolutionary platform for meme lovers. The goal of Meme Moguls is to unite global traders, gamers, and meme aficionados.
The core of the ecosystem is the Moguls Trading platform where users are provided meme-inspired assets. Users can keep up with the newest meme trends with the help of this platform.
It provided useful information to help in decision-making when trading. These assets with meme themes have improved trading and demonstrated Meme Moguls’ commitment to meme culture.
Active participants in the Meme Moguls community receive recognition and rewards. Those who engage with the platform can earn special rewards and valuable NFTs.
Currently, the MGLS token from Meme Moguls is valued at $0.0021 during the beta presale.
Final Thoughts
Meme Moguls has built a captivating ecosystem that promises to reward its users more than other competitors. Those who join the Meme Moguls platform and purchase the MGLS token can take part in its latest giveaway. Meme Moguls has launched a $10,000 giveaway at the end of each presale stage to reward active users.
