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3 hours ago
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– Solana stalls at $140, DEX volumes decline – Bitcoin Hyper introduces smart contracts to Bitcoin – Maxi Doge leverages meme culture with dynamic staking – Dogwifhat gains traction as Solana’s culture coin

  • Solana is facing resistance at $140, with liquidity affected by spot altcoin ETFs and declining DEX volumes. Leverage is decreasing, suggesting a shift in market dynamics.
  • The market is moving towards projects with strong narratives and links to Bitcoin's liquidity, as evident from the rise of Bitcoin Hyper, Maxi Doge, and Dogwifhat.

1. Bitcoin Hyper ($HYPER)

  • Uses Solana Virtual Machine (SVM) to create a high-throughput Layer 2 for Bitcoin.
  • Aims to enable sub-second transactions with minimal fees, secured by Bitcoin's network.
  • Attracts significant investment, with presale exceeding $29M and notable whale activity.

2. Maxi Doge ($MAXI)

  • Embraces meme culture with a focus on trading competitions and community engagement.
  • Presale has raised over $4.2M, positioning it in micro-cap territory.
  • Offers dynamic staking rewards, currently at 72% APY.

3. Dogwifhat ($WIF)

  • Focuses on Solana's meme culture, leveraging community-driven initiatives.
  • Benefits from Solana's low-fee transactions, appealing to retail traders.
  • Achieved a significant milestone with listing on Robinhood, boosting its visibility.

As Solana stabilizes near $140, investors are shifting towards projects with clear narratives, such as Bitcoin Hyper, Maxi Doge, and Dogwifhat, which cater to different market demands.