Top 3 Solana-Based Projects to invest in 2024

culubo.03 mins

Top 3 Solana-Based Projects to Watch

Jupiter

Jupiter, a decentralized exchange (DEX) aggregator on Solana, has gained attention due to recent updates and proposals to reduce token supply. Its focus on optimizing trading efficiency within the Solana ecosystem makes it valuable. Jupiter has surged 11.71% in the past seven days and 48.04% since its inception.

If the bulls push the JUP coin price above its resistance of $1.23, the altcoin could test its upper high of $1.4950 soon. However, if the bears regain momentum, Jupiter could retest its support level of $0.87.

Render

Render is moving from Ethereum to Solana, positioning itself as a significant player in AI and decentralized GPU computing. Despite facing some short-term challenges, its strong fundamentals and growth potential make it a candidate for recovery.

As Deutscher notes, Render’s solid use case and technological advancements, combined with its accumulation level around $5.10, suggest it could rebound strongly once market conditions improve.

WIF

WIF, a leading meme coin within the Solana ecosystem, represents a high-risk, high-reward opportunity. It has significant community support and speculative trading, key factors for its potential rebound.

Despite its volatility, WIF’s strong community backing and market interest suggest it could recover quickly from the dip, especially if it maintains support at key levels. Major support is around $1.90, with additional support at $1.40. A breakout above $3.00 could signal further upside.