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Thursday, October 17, 2024

Solana Will Soon Reach Level $210, Here Are 3 Proofs

  

Is it true that Solana price will soon reach the $210 level? Check out the analysis in this article because it will explain in detail why Solana could experience an increase in the near future.

Solana has received positive news recently, ranging from an increase in the number of users to the potential for a price increase of hundreds of times. In this article, you will find out that the potential Solana price rise at $210 is true for five reasons that will be discussed.

Check out this article to find out exactly what Solana will look like in the future.

1. Solana Crosses Resistance Level

Solana is predicted to reach the $210 level no later than 2025. One of the conditions for Solana to reach this price is if SOL can pass the resistance level at $148.16.

And surprisingly, Solana can easily reach this resistance level. When this article was written on October 14, the SOL price was trading at $152.92, surpassing the price target of $210.

You can see, several indicators in Solana price chart The above also shows the positive side. SOL's RSI is at 72, far exceeding 50 as the balance limit for buying and selling trends. However, this figure is a sign that Solana is in a phase that is prone to over-buying.

Solana's MACD shows a rise from the boundary line. If it continues like this, Solana's bullish trend will occur. Moreover, the value of the BoP figure is also close to positive with a value of -0.11, which means that although the selling market still dominates compared to the buying market, it will soon be at a positive figure. So, the bullish trend is also optimistic from the existing BoP data.

2. Solana has 100M Active Wallets

Recently, active wallets on Solana reached 100 million users. This number is of course a big achievement for Solana because previously, at the beginning of 2024, the number was only 509,000 active wallets and now it has increased many times.

However, unfortunately, as quoted from Solana Hello Moon, a number of wallets actually have empty balances. The number of empty wallets is not small, but 86 million users. In fact, 15.5 million users only have 1 SOL in their wallets and 1.5 million wallets only have 10 Solana tokens.

Even though many wallets were empty, Solana also saw an increase in active addresses on its network. From the initial number of 3 million active addresses, it increased by 15% and became 3.47 million.

This increase in active addresses indicates that Solana has increasingly strong fundamentals so more investors trust Solana.

3. Popularity of Memecoin in the Solana Ecosystem

Recently, various new meme coins have emerged from the TON network with the Telegram game concept. Despite this, the popularity of meme coins on the Solana network remains superior.

Quoted from Dune Analytics data, Pump.fun, one of the meme coins on Solana, even achieved cumulative revenue of up to $127.8 million. This figure is of course very large.

Conclusion: from #Uptober to Trump's Popularity for Solana

October is always a good month for Solana. This is why Solana token holders are optimistic that SOL will experience a significant price increase shortly.

Not only that, Solana is also predicted to experience a price jump of up to 400x if Donald Trump is elected president of the United States in the next period. This is because Trump's policy of supporting crypto is analyzed as being more likely to benefit Solana. If this happens, Solana could outperform Bitcoin and Ethereum.

If you are interested in buying Solana tokens, don't just buy the token without doing some research. Find out what the current condition of Solana is, the price of SOL to USD, to thoroughly study the fundamentals of this token. That way, you can know what the risks are when investing in this token.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

Ready or Not, Southeast Asia's Growth is Coming: AI, Health, and Sustainability Edition

  

Southeast Asia's digital economy is on track to surpass $1 trillion by 2030, posing both opportunities and challenges for businesses in AI, health, and sustainability. In this discussion, Kailash Raghuwanshi, a seasoned business strategist, shares insights on how companies can navigate these sectors and turn obstacles into growth opportunities. With a decade of experience across Southeast Asia, Raghuwanshi emphasizes the need for strategic leadership in addressing these challenges

Southeast Asia is at a critical juncture. With its digital economy set to exceed $1 trillion by 2030, businesses across the region face unprecedented opportunities and challenges. From AI innovations to health sector reform, and the pressing need for sustainability, companies are navigating uncharted waters. But surviving and thriving in this fast-paced environment requires more than just innovation—it demands strategic leadership.

In an effort to understand more about the growth, complexities, and opportunities in Southeast Asia, we sat down with Kailash Raghuwanshi, a business strategist who has been deeply involved in the region’s growth and development. Known to many as "Kai," he has witnessed firsthand the challenges businesses face as the market evolves and presents new hurdles, from digital transformation to sustainability demands.

Kailash Raghuwanshi brings a decade-long experience across Southeast Asia, the US, and China. As a New York graduate, his expertise spans leading fintech ventures in Indonesia, managing high-impact joint ventures in Vietnam, and gaining valuable experience as a Director at a Shanghai-based public health venture backed by the Gates Foundation. Kailash’s expertise spans multiple sectors. His ability to guide businesses through growth and change is informed by deep regional knowledge and hands-on leadership experience.

Question: What’s the biggest challenge for businesses in Southeast Asia today?

Kailash: It’s a blend of talent shortages, regulatory hurdles, and climate risk. Indonesia faces a shortage of 600,000 tech professionals annually, while Singapore needs to boost its digital talent pool by 55% by 2025. Climate change adds another layer of complexity, with 25% of the population vulnerable to flooding and other climate disasters. Companies need to be agile and have strong leadership to navigate these intersecting challenges.

Question: AI is a hot topic everywhere. How can businesses start integrating it?

Kailash: AI has the potential to revolutionize industries, but the key is starting small. 35% of businesses in Southeast Asia are already using AI to optimize operations, but those just beginning should focus on areas where AI can make an immediate impact—like streamlining logistics or using predictive analytics to anticipate consumer behavior. Once they see results, scaling AI becomes easier.

Question: As you have worked in health ventures, What are some of the biggest health challenges in Southeast Asia, and how do sustainability and waste management factor into them?

Kailash: Health challenges in Southeast Asia are complex, with 46% of the population lacking access to essential services. Sustainability plays a crucial role in addressing these issues—especially when it comes to waste management in healthcare. Improper waste disposal exacerbates public health risks and environmental degradation. Tackling these challenges requires innovative solutions, like using AI to manage resources efficiently, reducing waste, and ensuring healthcare services reach underserved populations. Businesses and governments need to collaborate to integrate sustainable practices into the health sector for long-term impact.

Question: Climate change is top of mind for everyone. What should businesses do to prepare?

Kailash: Climate resilience is no longer optional. It’s estimated that Southeast Asia’s GDP could drop by 11% by 2100 if we don’t act. Businesses need to integrate sustainability into their core strategies, using AI to predict climate risks, reducing carbon footprints, and building resilient supply chains. Companies that fail to take action now will find themselves behind the curve.

Question: What excites you the most about Southeast Asia’s future?

Kailash: The rapid transformation. By 2025, the region’s digital economy could account for 8.5% of GDP, and we’re seeing new opportunities in AI, health, and sustainability daily. Southeast Asia is uniquely positioned to leapfrog traditional development paths, adopting the latest technologies to drive growth and create solutions that can be exported globally.

A Path Forward: Navigating Growth in Southeast Asia

As Southeast Asia’s digital economy continues to accelerate, businesses face an exciting yet challenging future. Success will come to those who can balance innovation, sustainability, and adaptability. The region offers endless opportunities, but only for those ready to face the complexities head-on, with the right leadership in place.

About SEA innovation Hub (Fractional Hub)

SEA Innovation Hub is a freelance collective of thinkers, writers, and innovators focused on exploring and analyzing Southeast Asia's rapid growth. Established in 2023, the hub produces insightful interviews, articles, and discussions centered on key sectors such as AI, health, and sustainability. With a finger on the pulse of the region’s dynamic changes, SEA Innovation Hub seeks to foster meaningful dialogue on the future of Southeast Asia’s business and technological landscape.

Collaboration to Boost Indonesian SMEs and Singaporean Businesses at TEI 2024

  

At the 2024 Trade Expo Indonesia (TEI), Kimming Yap, Managing Director of Creativeans, was one of the keynote speakers at the Indonesia-Singapore Business Forum. The forum aimed to bridge trade relations between the two countries through branding innovation and market expansion strategies.

The Ambassador of the Republic of Indonesia to Singapore, H.E Suryo Pratomo; Vice Minister of Trade of the Republic of Indonesia, Dr Jerry Sambuaga; and CEO of Singapore Manufacturing Federation (SMF), Mr. Dennis Mark, officially opened the forum, expressed support for strengthening trade relations between the two nations. In addition to presenting Indonesia’s economic outlook for the past five years and future projections, they emphasised the importance of cross-border collaboration in expanding Indonesian SME markets and supporting the entry of Singaporean businesses into Indonesia. The event was hosted by Yulia Saksen, while Edmund Ong, CEO of BridgifyAsia, moderated the panel discussion.

In addition to Kimming Yap, other key figures participated in the panel, including Jarius Draslaric, Chairman of the Lifestyle Industry Group (SMF), who discussed the importance of innovation and adaptation in the lifestyle industry for local products to compete internationally. Shoeb Kagda, Chairman of SingCham Indonesia, highlighted the bilateral trade opportunities and synergies between businesses from both countries. Christie Lumban Gaol, Vice President of Corporate Banking at Bank Mandiri, also participated, discussing the role of banking in supporting SME growth through financing and financial infrastructure.

During the discussion, Kimming Yap highlighted the enormous potential of Indonesian SMEs to thrive in the Singaporean market but stressed that the biggest challenge they face lies in branding and packaging. "While many Indonesian products are of high quality and ready to compete, they still need improvements in packaging and branding to be accepted in international markets," said Kimming Yap. Therefore, implementing the right branding strategies is crucial for Indonesian SMEs to compete on the global stage.

Furthermore, Kimming also discussed the vast opportunities for Singaporean companies in Indonesia’s rapidly growing market. "With strategic cooperation and understanding of local consumer behaviour, Singaporean businesses can take advantage of the opportunities to expand their markets in Indonesia," he explained. He also emphasised the importance of partnerships to address logistical and supply chain challenges often faced by local companies in both countries.

The forum was attended by stakeholders and business leaders from Indonesia and Singapore, who together explored opportunities to strengthen trade, build dynamic collaboration platforms, and facilitate dialogue between the two nations, which have shared diplomatic relations for 57 years. According to the latest data, bilateral trade has reached USD 31 billion, with USD 15.4 billion in direct investment from Singapore to Indonesia.

This strategic collaboration is expected to not only open up new market access but also increase the exposure of local products, making them more recognised on the international stage. The innovation mirrors the collaboration between Creativeans and BridgifyAsia, where the two work together to help Singaporean companies access the Indonesian market and vice versa. This partnership provides logistical ease, increased product exposure, and effective branding strategy planning for both parties.

Creativeans is an award-winning brand consultancy and venture studio that has collaborated with global companies based in Singapore, Jakarta, and Milan. With years of experience in international marketing, Creativeans remains committed to adding value to companies in Indonesia and Singapore, supporting their business growth to go international.

This Press Release has also been published on VRITIMES

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