Is It Too Late to Buy Solana? SOL Price Climbs 17% as Interest in New Crypto Casino Grows
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Solana (SOL) has climbed an impressive +17% overnight in a strong bounce off 20DMA support, but with SOL trading high - is it too late to buy Solana?
This comes as the Solana Hyperdrive Hackathon draws to an end in a huge move for Solana ecosystem growth, which has seen 907 new projects formed.
With the huge surge in development activity, the Solana network now appears super-charged for the year ahead - and price action is reflecting this sentiment.
SOL Price Analysis: Is It Too Late to Buy Solana Following Sudden +17% Pump?
Amid the upside move, Solana is currently trading at a market price of $26.85 (representing a 24-hour change of +7.56%).
Solana's impressive daily gains come as price finds feet at the 20DMA in a shift to support that has opened the ceiling to upside potential.
This comes following the emergence of a 'golden cross' pattern on October 7 as the 20DMA broke-above the 200DMA.
Yet, now price is facing significant risk - as it struggles to crack the $27 price level - which has triggered rejection twice already this year (in February and July).
And the warning signs aren't just found in price levels, with the RSI now overheated to a substantial oversold signal at 74 - suggesting downside could be imminent.
This view is contrasted by the MACD however, which is showcasing bullish divergence at 0.314.
Overall, Solana looks defiant but vulnerable here - with current price levels bolstered by increasingly bullish sentiment around leading cryptocurrency Bitcoin.
To the upside, SOL has a topside target around upper trendline resistance at $30 (a potential +11.80%).
While downside risk could see SOL fall back to 20DMA support at $23.20 (a possible -13.54%).
This gives Solana a risk: reward composition of 0.87 - a bad entry characterised by limited upside potential.
In other news, an emerging project has captivated the attention of GambleFi investors.
Meet TG Casino: Fastest Growing GambleFi Crypto Presale Smashes $1.3M
As Telegram trading bots and GambleFi dominate September's narratives, the TG.Casino ($TGC) presale is gaining significant attention - racing to $421k raised in just days, here’s why it should be on your radar.
TG.Casino isn't just another quick pump-and-dump it's an intricately crafted ecosystem that marries the thrill of the casino world with the decentralized edge of blockchain.
By being a fully licensed casino that integrates seamlessly into Telegram, which boasts over 700 million users, the reach and potential are undeniable.
The ease of use, amplified by a no-KYC protocol, makes it an alluring proposition for both novices and crypto veterans with easy onboarding ensuring a seamless road to new user growth.
With a range of offerings, from thousands of live casino games, slot machines, and table games to an expansive sportsbook, ensures an immersive experience.
And for those keen on kick-starting their journey, the 150% matched deposit bonus on the first deposit plus 500 free spins is the cherry on top.
From a security standpoint, users can rest easy - all data and funds are encrypted, ensuring robust protection against potential threats.
While the $TGC token not only facilitates instant transactions but also serves as the beating heart of this dynamic ecosystem.
The TG Casino Presale: Hype and Beyond
The presale is where things get even more intriguing as the offered staking APY is nothing short of spectacular, standing proudly at 3,446%.
Given that over a million tokens have been staked within a day of the presale launch, the momentum is palpable.
And a well-conceived buyback mechanism ensures price stability and regular rewards, a win-win for the community.
The $TGC token's utility is another aspect to spotlight - beyond its primary function in the casino world, its adaptability – be it swapped for gaming credits or other cryptos – adds layers to its potential growth.
Its role in transactions, from deposits to withdrawals, signifies its pivotal role in the TG.Casino framework.
How to Buy TG Casino Early?
Step 1 – Go over to their official website
The first thing you want to get correctly is going over to their official website.
Step 2 – Create a Crypto Wallet
You need to set up a crypto wallet, and it's important to chose a wallet that supports ERC-20 tokens as this is TGC Standards.
Step 3 – Purchase ETH or USDT
Next is to purchase some Ethereum (ETH) or Tether (USDT), as these are the tokens used to exchange into TGC.
Step 4 – Connect Wallet to Presale Dashboard
Go to TG.Casino’s website and click on the ‘Connect Wallet’ button. A pop-up box will appear, in which investors can choose their wallet provider and link their wallet to the presale dashboard.
Step 5 – Buy TG.Casino Token
Investors will see an order box on-screen where they can either select ETH or USDT (or buy on BSC) to use for the exchange. Investors also need to decide the amount of $TGC coin you want to buy; the minimum investment is 1,000 $TGC. After making sure that everything is accurate, confirm the trade.
Step 6 – Claim TG.Casino Token
Once TG.Casino's presale has ended, there will be a Token Generation Event (TGE), where investors can claim their purchased tokens by clicking the 'Claim' button on TG.Casino's homepage. That's all for how to buy TG.Casino.
TG Casino's Unrivalled Tokenomics Could Trigger Biggest GambleFi Moonshot
To wrap it up, TG.Casino ($TGC) presale is not just an opportunity; it's a front-row ticket to the future of Telegram GambleFi.
With tokenomics supply - fairly distributed across the presale, liquidity pools, staking rewards, and player rewards - and the additional bolster of TG Casino's jaw-dropping 3,446% APY - this project is positioned to become a huge name in the GambleFi vertical.
Its blend of a comprehensive ecosystem, enticing financial benefits, and user-centric approach make it a tantalizing prospect. But as always, arm yourself with research, and here’s to successful ventures ahead!
