Here's What's Next for Solana (SOL) and Red-Hot Altcoin STEPN (GMT), According to Crypto Strategist

A closely followed crypto analyst is outlining what's ahead for Ethereum rival Solana (SOL) and move-to-earn protocol STEPN (GMT). In a strategy session, DonAlt warns holders of smart contract platform Solana that SOL looks bearish on the high timeframe charts after converting weekly support at $140 into resistance. According to DonAlt, the price action suggests The post Here's What's Next for Solana (SOL) and Red-Hot Altcoin STEPN (GMT), According to Crypto Strategist appeared first on The Daily Hodl.

Timeline of Green-metaverse-token, Solana

The most recent STEPN price analysis confirms a bullish trend for today as the coin broke past the resistance present at the $2.72 level. Some stronger corrections were recorded in the price level for the last two days, but today the trend changed, and bulls took over the market.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The play-to-earn game STEPN was an attempt to revolutionize the fitness applications market.

NFT trading volume has been on a robust momentum since April and the pace is just right for May with Solana and Moonbirds NFTs such as Okay Bears triggering the increase in NFT sales volume since April. According to DappRadar, there is a monumental 45% climb in organic trading volume of NFTs in April in comparison to the previous months.

Solana price analysis for today shows the prices opened the daily trading session trading at $83.82 and have dipped further to lows of $82.06, at the time of writing. The market is currently bearish on SOL prices as the 7-day moving average crosses below the 21-day moving average.

Solana, the popular open source Blockchain that aids smart contracts, has recorded a notable market performance over the past months. According to data from cryptocurrency analytics platform Messari, Solana's NFT sales volume has resulted in it becoming the second-largest protocol by the end of the quarter, while Ethereum took the first place.

The latest fashion trend in crypto is in and that's why you're seeing red stripes everywhere – vertical, not horizontal, mind you. As Bitcoin plunged by 8.43% in a day to reach its press time price of $36,369.84 and Ether dropped by 6.92% to trade at $2,737.81, other alts also slipped down the charts.

STEPN (GMT) is a so-called ‘move-to-earn' crypto token that was launched back in the summer of 2021. However, the price of STEPN has recently picked up the pace and sprinted ahead, leaving competing cryptos in the dust.

Solana (SOL) has announced that its low-cost payments solution, Solana Pay now has an interactive transaction requests feature for merchants and developers. With Solana Pay transaction requests, merchants will now be able to offer their customers dynamic experiences and more,…

Solana (SOL) plans to introduce a new fee system in addition to a host of other improvements as part of an effort to combat its repeated network issues. According to an explanation published by Solana Labs, Solana suffered a network outage over the weekend when the project's mainnet beta cluster “ceased producing blocks as a The post Solana (SOL) Developers To Introduce New Fee System To Optimize Network appeared first on The Daily Hodl.

After a six-week cooldown period started in mid-February, the non-fungible token (NFT) market saw a boost in activity throughout April. Popular NFT collection Moonbirds and a rise in demand for Solana (SOL)-based NFTs were the primary drivers.