Here’s Why Solana Is Bullish as It Grows 12% in a Week, While yPredict Is Also Rising

Solana, the ultra-fast Layer-1 blockchain that long sought to replace Ethereum, cratered in the wake of FTX’s collapse last fall. FTX was one of the biggest backers of the Solana ecosystem.

In the past several months, the network has struggled to find its way even as Ethereum pushed ahead with its Merge and Shanghai upgrade. However, Solana has surged this week, potentially indicating that the time has come for this blockchain to flex its muscle once again.

We’ll take a closer look at the reasons behind Solana’s price gains and explore another rising token, yPredict, that could yield even better returns for investors.

Solana Rises as Social Media Sentiment Grows Bullish

Solana’s turnaround over the last few weeks is turning heads throughout the crypto industry. At a time when many considered this blockchain to be dead in the water, it suddenly jumped more than 45% in a span of 3 weeks. In the last week, SOL is now up 12%, making it one of the biggest gainers currently.

There isn’t an obvious catalyst behind the start of the bullish momentum. Solana was delisted from multiple US exchanges in June in response to a lawsuit by the SEC that argued $SOL is an unregistered security. The Solana Foundation has vowed to fight the allegation, but no matter the outcome it appears that $SOL has a long battle ahead.

Solana did test and bounce off of a support level around $14.50 just before its momentum started. However, that technical support alone doesn’t explain why the token has taken off with such vigor.

In any case, traders have noticed Solana’s gains and jumped on board. Trading volume has skyrocketed to more than $1 billion over the past 24 hours, compared with less than $250 million just a few weeks ago.

Social media sentiment around Solana has also grown loud and bullish. According to on-chain analytics firm Santiment, there’s been a significant spike in Solana mentions on Reddit over the past week. Reddit traders have been known to move markets in dramatic fashion, so it’s possible that they are responsible for the bulk of Solana’s recent price action.

The bullish momentum is good news for long-term Solana investors, but $SOL remains well off its all-time high of $260. The token has yet to approach a strong resistance level around $26, which could be a test of just how lasting Solana’s newfound momentum is.

yPredict Also Bullish as it Raises $2.8 Million, Appears Set for Explosive ICO

While Solana’s bullish run is exciting, savvy investors know that there’s potentially more money to be made in new cryptos than old tokens making a comeback.

One of the most exciting new cryptos preparing for launch is yPredict, which has now raised more than $2.8 million through its ongoing presale.

yPredict is poised to revolutionize how traders approach the crypto market. The project is building a suite of AI-powered price prediction tools that can forecast the value of any crypto token with high accuracy. Using yPredict’s models, traders will be able to spot a bullish run like Solana’s before it even happens.

The project’s development team includes world-leading AI experts, software developers, and crypto traders.

yPredict is also releasing its AI modeling tools to users, enabling quants and developers to create their own custom models. Traders and analysts can pay for subscriptions to these custom models using yPredict’s native token, $YPRED.

yPredict receives revenue from each subscription and uses this to fund rewards for community members who stake $YPRED. The platform offers quarterly returns up to 45% APY.

Traders can also use $YPRED to pay for trading fees in yPredict’s custom trading terminal. The terminal includes AI-powered sentiment analysis and automated chart pattern annotation.

yPredict is just hours away from its next price increase, but presale investors still have a chance to buy $YPRED at a discounted price of $0.09. That’s 25% below the planned list price of $0.12, offering early investors a chance at generous paper gains ahead of the token’s launch.

Crypto analysts have identified yPredict as the next potential token to 10x after launch, so investors won’t want to miss this chance to buy $YPRED early.

Visit yPredict Presale