This Week Solana and Polkadot Price Predictions– Big Eyes Rates As The Best Crypto Presale to Invest In

Looking to the sky to spot cloud formations can be fun, but as we close out in the final week of February, a bearish cloud hovers over the market showing signs of decline

Its no secret that the USDT has struggled to stabilize in 2023. After taking a massive cut, the price of bigger coins has been in flux. By the start of February, the highs were higher and the lows were very low with resistance at $7.27 with a drop at $6.45. After marking the lows, the dominance has rebounded and is rising to test the resistance again. Popular tokens such as Bitcoin and Ethereum are marked to remain at bearish trends with crypto whales moving massive sums to anonymous accounts as well as better known.

Coins such as Solana and Polkadot are also showing bearish indications this month. The coins are preparing for a downswing as technicals near the $22 zone.

Solana – The Sky Is The Limit

Solana has the fastest blockchain on the crypto market with the ability to process over 50,000 transactions per second. However, Solana (SOL) price dropped ​​by 2.53% this week with a standing market cap of 8.47 billion USD. The (SOL) token is currently trading at 22.39 USDT as the volume has increased by 14.99% in the last 24 hours. Resting at a 6% decline last week, (SOL) is looking continuously bearish and traders should watch their smart contracts for bearish trades.

Polkadot – Transaction Fundamentals

Polkadot (DOT) as a coin can be used for staking and for paying transactions fees. The recent news of the prediction software Zeitgeist’s joining Polkadot has been welcomed with enthusiam by Polkadot’s community as the coin’s price has increased by 10% as a result. At the time of writing, Polkadot (DOT) is trading at $6.88 with a $7.9B market cap. Analysts predict Polkadot will experience a short term around Polkadot (DOT) is bullish, but analysts do not see it reaching $10 anytime soon. They predict the coin will briefly reach $8 but soon decrease to $6.

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido