Solana Price Passes $200 as Crypto Market Rallies – Could FreeDum Fighters Explode Next?

Solana (SOL) is exploding – breaking $200 for the primary time since April.

With SOL rising and the broader market flipping inexperienced, buyers are beginning to discover a few of the newer tasks on the market.

One which’s getting plenty of consideration is FreeDum Fighters (DUM), a PolitiFi meme coin that’s raised over $450,000 in presale.

SOL Dominates ETH as Community Exercise Explodes

Solana’s value retains climbing – now over $204 – and it simply had its third straight day within the inexperienced.

What’s additionally eye-catching is how nicely SOL is doing towards ETH.

The SOL/ETH ratio hit an all-time excessive of 0.0717 earlier this week, and after a slight dip, it’s climbing as soon as extra.

That reveals simply how a lot religion buyers are putting in Solana.

SOL is up 101% this yr, whereas ETH is barely up 27%.

This might point out that the market is altering, and buyers see Solana as probably the most thrilling Layer-1 chain.

SOL’s value surge additionally comes at a time of great progress on the community.

Solana’s total value locked (TVL) is now $6.9 billion, up $3 billion from August

Decrease transaction charges and a rising meme coin sector are driving this progress, serving to Solana achieve market share.

Huge gamers appear to be taking discover, with SOL’s open interest at an all-time excessive of $3.5 billion.

Coinbase Boosts Solana DeFi Scene with Bitcoin Integration

There’s one other vital improvement for Solana: Coinbase simply launched wrapped Bitcoin (cbBTC) on the community.

This implies Bitcoin’s huge liquidity is now flowing into Solana’s DeFi house.

We’ve already seen $10 million value of cbBTC on the chain.

This transfer comes on the excellent time, with Bitcoin virtually hitting $77,000 after the Fed’s newest charge reduce.

Coinbase’s determination to launch wrapped Bitcoin on Solana reveals rising religion within the community, particularly after the problems with soBTC through the FTX collapse.

cbBTC is stay on @solana.

cbBTC is an SPL token that’s backed 1:1 by Bitcoin (BTC) held in custody by Coinbase.

That is the primary token Coinbase has issued on Solana, and with it, we’re excited to deliver quick access to BTC.

Right here’s what you are able to do along with your cbBTC on day one ↓

— Coinbase ️ (@coinbase) November 7, 2024

Now, with totally different sorts of wrapped Bitcoin on Solana, it’s changing into a key DeFi participant.

High Solana protocols like Jupiter and Kamino Finance are already integrating cbBTC.

That’s a vote of confidence in Bitcoin-based DeFi on Solana.

Mix that with the bullishness round Trump’s election victory, and it’s simple to see why the SOL value is exploding proper now.

Might PolitiFi Coin FreeDum Fighters Profit from the Bullishness? DUM Token Presale Hits $450K

Solana’s value leap has additionally bought buyers enthusiastic about newer crypto tasks.

One such undertaking is FreeDum Fighters – a meme coin with a political satire twist.

FreeDum Fighters advantages from the market’s bullishness and has now raised over $450,000 in its presale part.

The undertaking is tapping into the mixture of crypto and politics to nice impact.

Whereas FreeDum Fighters isn’t tied to the Solana blockchain, the optimistic market buzz is an effective signal for its progress prospects.

What makes this undertaking stand out is its staking-based ecosystem.

Customers can stake DUM, the native token, in one among two swimming pools – MAGATRON or Kamacop 9000.

These swimming pools are satirical variations of Donald Trump and Kamala Harris.

Every pool has its personal particular yield, so customers can “vote” for his or her favored character and earn additional DUM tokens in return.

This mixture of staking rewards and political jokes has caught the eye of some prime crypto analysts.

The consultants at 99Bitcoins even predicted DUM might explode after it’s listed on a DEX.

With Trump’s latest win getting everybody speaking about crypto, FreeDum Fighters’ timing may very well be spot on.

Its rising group and low presale value make DUM one of the crucial thrilling new meme cash to observe of late 2024.

Visit FreeDum Fighters Presale

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