Bonfida Price Prediction: FIDA Soars 36% After Solana Name Service Launches in Chinese, This SOL Meme Coin ICO Goes Parabolic.

adminJune 7, 2024

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Bonfida price rapidly increase Over the past 24 hours, more than 36% of the stock was trading at $0.4267 as of 7:45 a.m. ET, as investors rushed to buy the altcoin.

The rapid rise in FIDA prices is Solana It was announced that Name Service has been released in Chinese.

https://t.co/gku14ukqE2 now available in Chinese 🇨🇳
One of our main goals is to make our website accessible to everyone, everywhere.
Our first undertaking is to translate everything about the domain into Chinese. We are taking expansion in the APAC region seriously. Pay attention to us!
for someone… pic.twitter.com/kABQTzfr2Y
— Solana Name Service | Bonfida (@bonfida) June 5, 2024

So now anyone can create a .sol domain in Chinese. One such domain, ‘双子聖.sol’, could sell for more than $25,000, according to the announcement.

Bonfida is known as Solana’s top infrastructure developer, according to CoinMarketCap, and is “earned for his contributions to the ecosystem by providing services and products that enable the broader ecosystem to thrive.”

Bonfida price broke through several resistance levels.

IFAD chart image

FIDA/USD 4-hour chart (Source: gecko terminal)

Bonfida price has crossed several resistance levels in the last 24 hours. During this period, FIDA was able to turn technical barriers at $0.3245, $0.3817, and $0.4185 into support.

Sun cryptocurrency A close 4-hour candle above $0.4185 in the next 8 hours could provide the foundation needed to continue the advance. FIDA could then attempt to break above today’s high of $0.4751.

On the other hand, this optimism may be invalidated if the Bonfida price falls below $0.4185 in the next 8 hours. In this alternative scenario, the altcoin risks falling to a subsequent level of $0.3817 in the next few days.

If Bonfida price falls to $0.3817, continued selling pressure could cause the cryptocurrency price to plummet to $0.3245 in the near term.

Bonfida prices may start to fall soon.

Technical indicators on FIDA’s 4-hour chart suggest that the altcoin may continue to rise over the next 24 hours. More specifically, Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) are showing bullish signals. But they also warn that FIDA is overbought.

A wide gap was formed between the MACD and MACD signal lines, with the former being more bullish than the latter. Traders generally see this as a sign that the cryptocurrency is in a positive cycle and its bullish momentum is growing stronger.

Meanwhile, RSI has shown a positive slope over the past 24 hours. This may be a sign that FIDA is going strong.

FIDA’s 4-hour chart showed one major warning sign. Traders will want to keep an eye on RSI as it approaches 90. Often, an RSI value above 70 or 80 is considered a sell signal.

This is because it suggests that the cryptocurrency’s downside potential is greater than its upside potential. Moreover, the RSI line is starting to stabilize, which could indicate that FIDA’s bullishness is starting to boil over.

With FIDA likely to lose some of its strength, investors may consider switching to the new Solana meme coin. New Zealand (to seal).

It’s looking to make a splash in a sector dominated by dog-themed tokens.

Over the past few months, new cryptocurrencies have flooded the meme coin market, with investors trying to sift through the plethora of new tokens to find the next gem.

Most of these cryptocurrencies are dog-themed tokens that aim to build on the success of previous cryptocurrencies such as Shiba Inu (SHIB) and Dogecoin (DOGE).

In an effort to completely break the mold, Sealana is a meme coin with a seal mascot that was recently launched on the Solana blockchain. True to its meme coin culture and “Send SOL” presale, Sealana does not have an elaborate roadmap or detailed whitepaper.

Instead, the cryptocurrency is looking to capitalize on the hype surrounding meme coins, and more specifically, the investor enthusiasm surrounding tokens launched on the Solana blockchain.

Crypto YouTuber Jacob Bury said in a recent video that Sealana is a great “degen play” with a high level of risk but the potential to deliver high returns for investors as well.

Investors have high hopes for SEALs.

Investors have already poured more than $3 million into the ICO of seal-themed tokens.

#Sealand Been very busy lately. 🦭💪 I’m preparing for something big #airdrop Presents and performs light administrative tasks. 📢🪂 Cleaning while drinking (not necessarily) #Bud Light! 🍻🍺 The address has also been updated, so if you haven’t already, please send it in. $SOL!… pic.twitter.com/vdtt0WPhcr
— Sealana (@Sealana_Token) June 4, 2024

The success of the SEAL pre-sale may be an early sign of how popular the token will become once it is launched. Anyone wishing to purchase MEM Coins in the early stages can utilize the simple purchase widget included on the project’s official website.

SEAL is currently selling for $0.022 and can be purchased using ETH, USDT, SOL or bank cards.

Buy SEAL from the official website here.

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