Top 6 Solana Altcoins That Can SkyRocket in 2021

Top 6 Solana Altcoins That Can SkyRocket in 2021

In the cryptocurrency market, Solana’s SOL token has soared 41 percent to a new all-time high price of $64.48. A communication bridge between Solana and other top decentralized finance networks, known as Wormhole, has helped Solana’s price rise by more than 65 percent in the past seven days.

This week, SOL soared by 90 percent. From its 200-day MA support at $24.50, it surged to $40 before the end of the month. Last week, SOL continued to rise over the 100-day MA in the first week of August. It soared above $40 to reach a high of $45.

If we want to make 10x to 100x profits, we need to look into altcoins, although some of them that we are about to mention are not technically in the Solana ecosystem. Based on volume growth and analysis, let us look at the top 6 Solana altcoins that will skyrocket in 2021.

Arweave

The price of Live Arweave today is $20.86, with a trading volume of $61.085.949 over 24 hours. In the past 24 hours, Arweave has increased by 5.61 percent.

Arweave is a novel storage system that supports sustainable and permanent data and enables users and developers to store data. As a collective hard drive, Arweave enables us to save important information, applications and history forever. It stops others from rewriting by conserving history.

It is not recommended to buy this coin in the short term but instead wait for it to smooth down in terms of price movements. And it is advisable to hold this coin for the long term once the prices smooth out.

Raydium

Today’s live Raydium price is $6.76, for a 24-hour volume of $305,534,065. Raydium has increased by 8.69% during the past 24 hours.

It is one of the most important tokens to have in recent times. An automated market maker (AMM) and liquidity provider for Serum decentralized exchange (DEX). Compared with major DEX, it is not too far and is competing well in terms of volume. Raydium is pretty similar to Sushi Swap in terms of usage. As with most Solana tokens, the only bad thing is the inflation the token will have in current months.

Mango Markets

The live price of Mango Markets is now $0.204854, with a trading volume of $6.209.355 over 24 hours. In the past 24 hours, Mango Markets have fallen 13.56 percent.

Mango aims to combine the liquidity and usefulness of CeFi with the DeFi innovation at a cheaper cost than both presently provide. Over the long term, Mango’s permissionless ecosystem promotes amazing, bizarre and unexpected breakthroughs in overcoming centralized financing.

They have already built an interface on their website to start trading by simply connecting your wallet. Furthermore, Mango Markets raised $70 million in Mngo token sales.

SolFarm

The current price of the SolFarm is $11.51, with a trading volume of $4,872,677 USD 24 hours. SolFarm has fallen by 24.98% in the past 24 hours.

SolFarm, founded on the Solana base is a decentralized yield aggregator and is the first in the Solana ecosystem. The methods used in the vaults are developed internally to enhance the revenue of the user. Users may put their money in vaults and sit back.

Auto-compounding produces optimum returns with efficient intervals between harvests. With the cheap transaction costs of Solana, the methods may multiply user profits regularly.

Step Finance

The current price of Live Solanum is USD 0.63999, with a 24-hour trade volume of USD $1,548,767. In the past 24 hours, Solanum is up 27.28 percent with a live market cap of $26,239,977 USD

Step Finance is Solana’s front page. Visualize, analyze, execute and aggregate transactions in one location for all Solana contracts. Step Finance is a dashboard and transaction aggregator in portfolio management, where users may monitor tokens linked with wallets, LP holdings, Staked Yield farms, margin positions and more.

Step Finance users may additionally run Swaps and enter different yield farms, and automated vaults from inside steps with any costs related to such value-added services returned to STEP stakers

The live price of Step Finance today is USD 0.502260, and the trading volume is 24 hours and USD 25,613,756. Step Finance has decreased by 9.50% during the last 24 hours with a live market cap of $2,009,041 USD

Solanium

Today’s live solanium price is US$0.660471, with a trading volume of $1.602,042 over 24 hours. Over the past 24 hours, solanium has increased by 22.55%.

On the Solana blockchain, Solanium is termed as a decentralized financing and trading platform.

Users may receive xSLIM staking SLIM tokens. xSLIM is the platform’s governance token for:

  • Early or exclusive access to the pool
  • Distribution of launchpad fees
  • Better chance in the lottery to receive project allocations
  • Vote in ideas for governance

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A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.