Solana (SOL) and Ethereum (ETH) are charting steady gains in the crypto market, signaling rising investor enthusiasm. Concurrently, the Borroe Finance ($ROE) presale draws remarkable interest, highlighting the sector’s appetite for innovative DeFi companies and promising returns. Let’s explore more about these top altcoins– SOL, ETH, and $ROE.

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Solana Mobile Hits 100,000 Preorders

Solana Mobile’s “Chapter 2” smartphone has reached 100,000 preorders within a month. It contrasts with the first Solana crypto phone, which sold 20,000 units in a year. This surge underscores the increasing interest in crypto-integrated mobile devices. 
With $45 million in funding, Solana plans to deliver these new devices by early 2025. The “Chapter 2” model of SOL mobile, set at a preorder price of $450, aims to be more affordable than its $1,000 predecessor. The overwhelming demand and SOL’s strategy to embed unique crypto functionalities from the Solana blockchain is due to the overwhelming demand.
Besides, SOL was trading at over $110 in mid-February. Experts say the Solana ecosystem is experiencing a bullish surge and shows potential to break above $120 soon. SOL initiated its rally from a support level of $95. A key bullish trend line with support at $105 supports the momentum, with SOL poised to challenge resistance levels at $118.
Moreover, technical indicators of SOL are positive, with the MACD accelerating in the bullish zone and the RSI above 50, indicating sustained buying pressure. A break above resistance could lead SOL to further gains towards $125. However, should Solana fail to surpass $115, SOL might correct downwards, with significant support at $105.

Franklin Templeton Files for Spot Ethereum ETF

Franklin Templeton applied to the SEC for a spot Ethereum ETF on February 12. The firm already has a spot Bitcoin ETF and partners with Coinbase Custody for ETH custody and Bank of New York Mellon for cash custody and administration. 
Despite the dominance of giants like BlackRock and Fidelity in the Ethereum ETF market, Franklin Templeton is optimistic about Ethereum ETF’s growth potential. Experts say the Ethereum price is bullish, aiming for $3,500 following Franklin Templeton’s application. 
ETH surpassed the $2,600 mark in mid-February. Ethereum marked over 15% gains in the second week of February. The MACD of Ethereum shows a positive trend with a rising green histogram and bullish convergence. If Ethereum surpasses the $2,700 resistance, ETH could aim for $2,900 by the end of March. 
Conversely, a trend reversal could see ETH dropping to test support levels at $2,500 and possibly down to $2,400 if bearish pressure prevails. Yet, the ETH community is excited after such crypto news. The ETF will open a wide market for ETH to continue dominance among altcoins. Amid these, a new blockchain ICO–Borroe Finance, has attracted investors with its impressive presale run.

Borroe Finance Presale Draws Major Investor Interest

The Borroe Finance presale generates immense interest among investors, driven by the potential for substantial returns. With $ROE’s innovative combination of AI, NFTs, smart contracts, and the Polygon blockchain, Borroe Finance stands out in the crowded DeFi space. 
Borroe Finance has already raised over $2.8 million, selling over 234 million $ROE tokens during its presale. It is now in Stage 4 with $ROE tokens priced at $0.019. Investors are drawn to $ROE for its projected price increase to $0.040, eyeing gains of over 110%.
What sets Borroe Finance apart is its unique approach to enabling Web3 creators to fundraise by minting NFTs representing future invoices sold at a discount in a peer-to-peer marketplace. This method supports creators and offers $ROE investors a compelling opportunity to engage with a cutting-edge financial platform.
As DeFi continues to captivate the crypto world, $ROE emerges as a leading project by pioneering an AI-driven marketplace for liquidity. The move to HODL $ROE in investment portfolios is a strategic step for those looking to benefit from Borroe Finance’s promising future in the DeFi sector.

Learn more about Borroe Finance ($ROE) here:

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3 Reasons Solana (SOL) Price Might Soar in 2024

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Current market situation

Solana (SOL) has seen a rapid surge in price since October 2023, peaking at $126 in December of the same year. In the past month, SOL has shown remarkable growth, surging by 19.64% against the U.S. dollar. Analysts anticipate further upward momentum for SOL, with a potential parabolic recovery targeting the next resistance level at $130.
Source: CoinMarketCap
Chris Burniske, a former analyst at Ark Invest, has put forth a bullish forecast for Solana, envisioning a threefold increase from its previous peak, potentially reaching a valuation of $750. Despite the current stagnation of Solana around the $120 level, Burniske's optimistic outlook underscores the significant potential of the network.

Below projection is $SOL & $AVAX to ~3x previous ATH, $TIA as a first cycle wonder to $100B+ FD NV - seems standard to me 🫡 https://t.co/27RwtelSkX
— Chris Burniske (@cburniske) February 16, 2024

Bitcoin’s support

The recent bullish trend in Solana reflects a broader wave of optimism across the cryptocurrency sector. This optimism was initially sparked by Bitcoin's rally, surpassing the $50,000 mark. 
Source: CoinMarketCap
Given Bitcoin's influence as a market bellwether, its strength against resistance levels could drive rallies in major altcoins like Solana. In relation to this, cryptocurrency educator Koroush Khaneghah recently projected a potential price target for Solana at $140, representing a 30% increase from its current level.

Crypto Market Thoughts$BTC - Leading the market but at major resistance. Strong rejection here invalidates altcoin plays.$ETH - Took an arrow to the knee, hasn't been the same since.$SOL - If this breakouts with #bitcoin we go to $140.$LINK - Breaking out beautifully,…
— Koroush AK (@KoroushAK) February 12, 2024

Network development

Solana boasts a robust developer community, with over 2,500 active contributors, highlighting its appeal as a blockchain ecosystem. Notably, it maintains a retention rate of over 50%, reflecting sustained engagement and fostering an environment conducive to innovation.
Related
Solana (SOL) Surprisingly Integrates With Filecoin (FIL): Details
Optimism for SOL's future is fueled by developments like Firedancer, a validator client aiming to enhance Solana's processing capabilities and support parallel processing. This, coupled with airdrops and Solana's cost-effective and user-friendly network, has bolstered confidence among traders, with SOL inching closer to its yearly highs and potentially forming a new all-time high in 2024.
In a recent development, Solana announced its integration with Filecoin (FIL), a decentralized network focusing on data storage and processing. This partnership aims to enhance Solana's block history accessibility and usability for various Web3 infrastructure providers and network actors, leading to advancements in data redundancy, scalability and security without compromising decentralization.

Recent NFT developments 

In January 2024, Solana NFTs achieved a significant milestone by surpassing Ethereum in monthly sales volume for the first time ever. Solana NFT sales surged to approximately $366.5 million, exceeding Ethereum's $353.2 million in December 2023.
The platform has witnessed a notable uptick in user engagement, with a rise in both sellers and buyers. Sales volume nearly reached a record-breaking level, closely matching its peak during the bull run in October 2021.
Related
Solana (SOL) Surprisingly Integrates With Filecoin (FIL): Details
Magic Eden, a leading NFT marketplace in the crypto sector, has revealed plans to launch a reward program on the Solana network. The introduction of this program is expected to attract a significant number of users to the Magic Eden marketplace, subsequently driving increased activity on the Solana network. 
In 2024, Solana is poised for substantial advancements. New token expansions will streamline creation processes and boost compatibility, appealing to developers. Firedancer, a high-performance validator client, is expected to optimize and scale Solana, potentially exceeding 1 million transactions per second. With these innovations and its existing features, Solana emerges as a strong contender in the blockchain arena, primed for continued growth and innovation.

More Bitcoin (BTC) Whales to Appear in 2024: Reason Disclosed

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Whales are stacking up on Bitcoin. This trend is anticipated to not only continue but also become more common, given the increased accessibility of Bitcoin for institutional investors. One pivotal reason for this surge is the release of the Bitcoin ETF, which has streamlined the process of gaining exposure to Bitcoin, making it more appealing and accessible than ever before.

The price chart for Bitcoin shows that the cryptocurrency has been maintaining a bullish momentum, which is likely to attract more high-net-worth investors and institutions looking to diversify their portfolios. The price has been respecting the upward trendline, with the 50-day moving average acting as dynamic support.
BTC/USDT Chart by TradingView
This trendline and moving average, currently sitting around the $45,000 level, serve as significant support zones. A sustained price above this level could solidify investor confidence and potentially lead to further influxes from whales.
Related
List of Bullish Bitcoin Factors 'Normies' Unaware of Shown by Samson Mow
On the flip side, resistance is spotted near the recent highs around $52,000. This level has acted as a temporary ceiling for price action, and a break above this could signal a continuation of the upward trajectory. Moreover, with the RSI hovering around the mid-range, there's room for upward movement before the asset is considered overbought.
Institutional interest in Bitcoin is not an isolated phenomenon. The same thesis applies to Ethereum, especially with the increasing likelihood of Ethereum ETFs receiving regulatory approval. Such developments would further validate the asset class and could lead to a comparable uptick in whale activity for Ethereum, mirroring Bitcoin’s institutional adoption.

The significance of these trends cannot be overstated. As more institutional investors and large-scale traders take positions in Bitcoin, their influence on market dynamics intensifies.
#Bitcoin