In a volatile crypto market, investors are then left in a dilemma, considering Solana (SOL) is struggling to retain its momentum. As the potential bull run heightens interest in this altcoin, more questions arise about its path in the near future. While there is disagreement among enthusiasts about the ability of Solana to recover, Solana holders shift their attention to this new meme coin in the rising: DuragDoge ($DURAG).
These Solana holders are betting big on DuragDoge as the best crypto investment. With its aim of blending culture, community, and innovation into something more than just another token, DuragDoge is making the headlines in the market. As a result, many experts are predicting that DuragDoge is the next 100x gem with massive growth potential.
This will discuss how Solana holders are betting big on DuragDoge.
Solana (SOL): Facing Downward Pressure
In the first half of the year, Solana’s price was in the $300 mark. But when reaching the $294 mark, the cryptocurrency faced rejection. Since then, SOL has declined and has not even retested its peak again. Despite putting significant pressure on SOL, the weekly chart indicates that it might follow the trend observed in the bear market of 2022, where the price of altcoin dramatically fell.
Other than the price, there are other indicators that show that SOL could be on the path to the 2022 bear market: Total Value Locked (TVL). According to value, in January, Solana’s TVL was close to $12 billion. It had reached $16.03 billion in the past, but it has reduced to $6.93 billion today. TVL is an essential metric that measures the user’s trust in using a particular protocol.
DuragDoge ($DURAG): Trending With Its Tax-Free Trading Platform
DuragDoge is a new trending altcoin that plans to go beyond the block and into the global space. This trading platform stands for the underdogs, the go-getters, and the risk-takers, who know that big wins come from bold moves. The reason why Solana holders are better big on the project is that it does not charge buy and sell tax in its tax-free trading.
Currently, the new crypto project is going to incentivize loyalty through a staking platform that is revolutionizing the market. Thus, after the staking is live, users will be allowed to lock their tokens and earn more rewards as time goes on. In the platforms, staking can make you earn as much as 20% annually, making it the best blockchain trading platform for crypto investment.
The more you stake, the higher your earnings are, and all of that is with the aim of supporting the pack and progression. As a popular trending altcoin, DuragDoge has a deflationary model, meaning the number of tokens will reduce over time as value is created for its tokens. One more advantage is that this new crypto project has been audited and approved, and it offers attractive prospects.
Conclusion
As Solana struggles to maintain its peak, the DuragDoge presale platform keeps attracting investors. With the token priced at $0.0009 at its current stage, DuragDoge offers an opportunity for traders seeking the best blockchain trading platform. In order to join the project, you can go to the websites and buy the token by following the procedures written there.
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