SOL Sell Orders Continue to Increase Despite Solana’s Recent Partnership with Spotify. Time to Diversify for Better Returns?

SOL Sell Orders Continue to Increase Despite Solana’s Recent Partnership with Spotify. Time to Diversify for Better Returns?
Published on

It becomes tricky when developments and major partnerships for a crypto project don't translate into positive price performance. When the news broke of Solana's partnership with Spotify, there were cheers and jubilations across the ecosystem with SOL investors getting renewed hope. However, the recent turn of events with sell orders rising leaves doubt in the minds of most investors and prospective ones. 

It remains to be seen if SOL's price is about to rise, decline, or simply consolidate. And a significant part of the Solana ecosystem is now considering diversifying into this new revolutionary project for better returns.

How Will the Rise in Solana Sell Orders Following the Shopify Partnership Affect SOL's Price?

Solana (SOL) is a well-known altcoin battling the prevalent bearish run with SOL's price charts mainly favoring the bears in August.

First was the Solana (SOL) blockchain announcing a partnership with Shopify on August 23, this year. This strategic alliance would enable payments using USDT, a widely used stablecoin.

With this news, there were swift and tangible changes, as Solana's (SOL) price took an encouraging 5.26% turn. The rise took SOL's price from its recent low of $19.95 on August 23 to a more promising $21 on August 30. 

However, the positives recorded following the Shopify partnership couldn't take out the air of caution influencing the sentiment of market observers. Now, analysts can see a prevailing bearish prediction for Solana (SOL) as sell orders are rising. This Solana price prediction comes as a result of the support from buyers as is evident in the daily charts, suggesting a corrective price event might happen soon.

Predicting SOL's price in September, market analysts paint a picture of Solana (SOL) possibly falling below $19 and bouncing back. However, the bounceback depends on enthusiastic Solana (SOL) buyers who will maximize this downtrend for easy entry. Should this happen, the uptick might likely push Solana (SOL) beyond the $27 level.

Pikamoon (PIKA) Presents a More Promising Shot at Better Returns

Pikamoon is a promising GameFi project powered by a state-of-the-art play2earn game called Pikamoon Adventure. With this, gamers get crypto rewards (NFT or PIKA) when they play and win in monster battles and treasure hunts. 

Pikamoon establishes a reputation for itself by offering this exciting project with several innovative features and more convincing potential: 

  • Uses the Latest Technologies to Deliver a Wholesome Experience

First, the Pikaverse that houses the P2E game is built using Unreal Engine 5, the best real-time 3D graphics creation tool for gaming. Also, the marketplace features Transak technology to deliver easy and affordable purchases and reward exchanges.

These advanced technologies make Pikamoon an easy and realistic project to the delight of gamers and investors involved.

  • Offline Mode for Gaming on the Go

The Pikamoon Adventure game is playable offline, helping gamers play on the go, which is an edge over other games. With an offline gaming mode, Pikamoon gamers can play more often, earn more rewards, and use PIKA more. That translates into faster and higher growth and profits for investors.

  • Better Partners and Growth for All

Pikamoon has enjoyed continuous growth with its hybrid token thanks to the valuable partnership it makes. Now, the play-to-earn king gets a wider reach, prestige, and more attention, which increases PIKA's use, and growth potential.

All of these and more are reasons why Pikamoon has become investors' favourite among the top 10 crypto lists to buy.

Pikamoon's Success Doesn't End in the Presale 

The Pikamoon presale announced Pikamoon to the crypto world and earned the support of industry experts and whales with a record-breaking stint

Even now, this presale hasn't stopped growing. So far, PIKA has grossed nearly $4 million in sales. This high demand in only the third phase buttresses experts to believe that PIKA can deliver 20x better returns before the end of the year. 

By buying $PIKA early, you secure your stake in the massive profits to come. 

Find out more about Pikamoon (PIKA):

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

                                                                                                       _____________                                             

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

Related Stories

No stories found.
logo
Analytics Insight
www.analyticsinsight.net