Solana (SOL) price prediction: Conflux (CFX) and HedgeUp (HDUP) taking the market by storm

Solana (SOL) is doing its best to move on from its links to FTX, network outages and a recent forking event, but in the long term it could be the chain that takes center stage, both in terms of price and adoption. The Chinese CEX Conflux attracts speculation, sending Conflux (CFX) to record highs.  Alternative asset investment platform HedgeUp (HDUP) enters the market, offering an easy solution for ordinary investors to diversify their portfolio. HedgeUp (HDUP) is in stage 2 of its presale.

Solana (SOL) – Long and short term price predictions

As one of the fastest blockchains, many people see Solana (SOL) and Solana Pay as a potential competitor for payment processors Visa and Mastercard.  This is dependent on Solana (SOL) achieving their theoretical speeds and becoming a more reliable blockchain that is less prone to outages and issues.  

Price predictions and accuracy rely on many things which cannot account for black swan events or unexpected bullish developments in a project.  Nevertheless here are some Solana (SOL) price predictions based on technical analysis:

According to investingcube.com, Solana (SOL) has formed a symmetrical wedge pattern on its chart. A breakout could send the price to $38.79 in coming weeks.

Technical analysis from changelly.com indicates that Solana's price is expected to trade at a minimum of $591.71 by the year 2031, with a potential peak value of $711.57. Therefore, the Solana (SOL) price is expected to average around $612.59 by 2031.  This is quite a bold prediction given that the FDV market cap of Solana (SOL) would have to be double the current market cap of Ethereum (ETH), but if the crypto industry begins to see mass adoption it's certainly possible.

On coincodex.com, another crypto analysis website, the price of SOL is forecasted to experience a -7.31% decline, potentially reaching $19.03 by April 05th 2023. As of April 21st, Solana is trading at $21.79.

Could Conflux be the Binance of China?

Conflux recently partnered with XCMG, the 3rd largest construction machinery manufacturer worldwide. XCMG plans to use Conflux (CFX) for NFTs and various novel use cases, pushing the boundaries of what crypto can offer the world.  But the news that really seemed to move the price of Conflux (CFX) happened a couple of weeks ago.  

Conflux (CFX) is the only exchange that complies with regulatory requirements in China, and recently integrated with China's social media app 'Little Red Book'.  Around the same time, regulatory changes in Hong Kong were being touted as potentially bullish for Conflux (CFX), though the reality remains to be seen. 

In general it is hoped by both Chinese businesses and people that Conflux (CFX) becomes state approved, and if so, the market is huge.  Detractors might point to China's ability to change and ban things at a whim, blocking Conflux's plans, but observers of the US may see parallels in the various lawsuits and regulations around crypto closer to home, even if the process is longer.

Conflux (CFX) is currently down 23% over the last 30 days and up 91% over the last year, unlike most established cryptos which are currently underwater from 1 year ago.

HedgeUp could upscale your portfolio

The tokenization of assets using NFTs is one of the most important developments in web3 as it enables so much functionality and possibility in the 'real world', including proof over ownership of alternative assets such as gold, watches, art, diamonds and more. HedgeUp (HDUP) aims to be the world's first alternative asset investment platform using blockchain technology.

HedgeUp (HDUP) has built a platform to take advantage of the fact that the alternative asset market is growing substantially. It was worth a staggering $10.8 trillion 2019 and it is forecasted to grow to $17.2 trillion by 2025.  This provides a great alternative to the devaluing fiat currencies and low returns offered by banks.

HedgeUp (HDUP) will seek out premium alternative assets, value and store them in a licensed vault, and then mint NFTs which can be sold to their community whole or in fractions.  By using blockchain and F-NFTs, HedgeUp (HDUP) is making it possible for ordinary investors to get in on things that normally only high net worth individuals have the ability to invest in.

HDUP, the native token from HedgeUp (HDUP), has just increased in price by 44% in the last few days, and is forecasted to grow by at least 800% over the next months, as the presale tranches increase.

Find out more about the HedgeUp presale here:

• Website: https://hedgeup.io/

• Presale: https://app.hedgeup.io/sign-up

• Telegram: https://t.me/HedgeUpChat

• Twitter: https://twitter.com/HedgeUpOfficial