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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Sep 17, 2024 10:35 UTC
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Solana Breakpoint Event 2024: What to Expect & Market Predictions
Annual event focused on blockchain adoption, happening Sept 19-21 in Singapore. Tickets sold out online, some may be available at the door.
Solana price could rally after Breakpoint based on past performance. Technically, it's showing signs of potential upside.
JUP, JTO, and KMNO could benefit from Breakpoint due to their user base and locked value.
The Solana ecosystem is buzzing with anticipation as the annual Breakpoint event approaches. This year’s gathering, organized by the Solana Foundation in Singapore, promises to be a game-changer for the blockchain world. Tickets for the online event from September 19 to September 21 have sold out. However, there might still be a few tickets available at the door.
But what makes this event so special?
Breakpoint is set to highlight new ideas from top leaders, aiming to boost the global adoption of blockchain technology. This year’s event is supported by major sponsors including Circle, Wormhole, Santiment, Auros, Crypto.com, and the meme coin project Bonk (BONK), among others.
Here’s what to expect.
Impact on Solana Price Action
From the past Solana Breakpoint event, it is evident that the overall impact is a bullish outlook. If history repeats itself, Solana’s price will rally toward its all-time high in the subsequent weeks.
From a technical standpoint, Solana’s price has been trading inside a horizontal consolidation with a robust support level above $122. Additionally, the large-cap altcoin, with a fully diluted valuation of about $77 billion and a daily average of around $1.8 billion, has rebounded from the daily 50 Moving Average (MA) despite the low bullish sentiment.
Top Solana-Based Tokens to Watch
The rise of Solana-based meme coins and web3 projects is boosting their tokens. Key tokens to watch during Breakpoint are Jupiter (JUP), Jito (JTO), and Kamino (KMNO). These tokens have high total value locked and daily active users.
Current Price Trends
As of the latest data, KMNO and JTO prices are near their initial trading values. In contrast, JUP is testing its 2023 bear market lows, despite Solana’s increasing mainstream adoption.
Also Check Out : Bitcoin, Ethereum, XRP Price Prediction: Make Or Break As Market Turns Volatile?
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