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Top crypto trader Raoul Pal, a major Solana supporter, is bullish that Solana will cross a key resistance level. In another development, Ava Labs has launched a new scaling solution called Vryx aimed at increasing the transaction speed of the Avalanche blockchain. Meanwhile, Meme Moguls has raised over $1,951,979 in its blockchain ICO, a sign of increased interest from investors.
Solana (SOL) To Cross $92.92 Resistance Zone
Top trader Raoul Pal is increasing his wager on Solana (SOL) following his bullish forecast on Twitter. According to Raoul Pal’s tweet, Solana may be on the verge of a bull run after seeing irregular growth over the last month.
Raoul Pal said investors should “stick with the programme” because the Sun can rise on SOL. He tweeted a chart that suggests Solana coin is about to break over the resistance zone at $92.92.
Meanwhile, the Solana coin has increased by 20.8% in the past week. According to CoinMarketCap, the token has moved from a low of $79.18 to a peak of $101.08. If the bullish momentum continues, Solana could climb to its yearly high of $125 in the coming weeks.
Avalanche (AVAX) Blockchain To Process 100k TPS With Vryx
Ava Labs has introduced a game-changing scaling solution called Vryx for the Avalancheblockchain. The solution aims to accomplish 100,000 transactions per second (TPS).
Vryx improves performance by using a new pipelined transaction mechanism, which significantly increases blockchain scalability and efficiency. This illustrates Ava Labs’ dedication to advancing the field of blockchain technology.
With this advancement, the Avalanche blockchain will gain popularity and attract more developers. This could have long-term implications for the Avalanche crypto.
Avalanche crypto price is currently rising in response to the announcement. The DeFicryptocurrency surged 20.5% from a seven-day low of $27.58 to a high of $36.46.
Meme Moguls (MGLS) Set for Pr
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Author: Crypto Daily
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