Solana NFT Dominance and Chance of SOL Price Skyrocketing to $190

Bittime - Solana, a blockchain platform that continues to strengthen its position as one of the largest in the world, is once again attracting market attention. 

Despite the general cooling of the crypto market, Solana has managed to maintain momentum, especially in the NFT ecosystem. 

This article will discuss Solana's dominance in the NFT sector and analyze the chances of SOL price reaching $190.

Solana Domination in the NFT Ecosystem

Based on the latest data, Solana has become king in the NFT world, especially in the number of items minted. 

With a market share of 35%, almost double Ethereum's 16%, Solana leads the way in terms of NFT user activity. 

In the past day, Solana managed to attract 8,400 users, much more than Polygon which only attracted 6,100 users.

In the last week, there were around 40,000 active users on the Solana platform, bringing the total number of users this year to over 1.5 million. 

This figure is much higher compared to Ethereum, which has around 706,000 active users per year. This dominance is primarily driven by the low transaction fees and high scalability offered by the Solana network.

Read also: Solana (SOL): Here's Everything You Need to Know!

Solana Price Analysis and Chances of Skyrocketing to $190

Source: TradingView

While activity in the Solana ecosystem continues to increase, the price of SOL is currently moving flat on the daily chart. 

Market analysts are now watching to see if the bulls will be able to push the SOL price higher, beyond the key resistance level of $190. If this level is successfully broken, SOL has the potential to continue its rise towards the 2024 high of $210.

This upside potential is supported by increased activity on the Solana network, including an increase in NFT users and growing transactions. 

Although Ethereum still leads in terms of NFT trading volume in USD terms, Solana is managing to attract more users, which could drive demand and the price of SOL higher in the near future.

Conclusion

Solana continues to demonstrate its strength in the NFT ecosystem, with a higher number of users compared to Ethereum and Polygon. 

This dominance, along with strong momentum in the market, provides a great opportunity for SOL prices to skyrocket to $190 or more. 

Investors need to monitor these movements closely, as Solana has the potential to become one of the major players in the crypto market in the coming months.

Don't miss the opportunity to invest in Solana, especially with the potential for significant price increases amidst the platform's dominance in the NFT world.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.