- Former US President Donald Trump has expressed his appreciation for the launch of Melania Trump’s NFT platform on Solana.
- The Solana network has noted explosive growth in 2021 in the DeFi and NFT ecosystem.
- Analysts expect Solana price to make steady gains, predict a rally to new all-time high.
Former US First Lady Melania Trump has announced the launch of her NFT platform on the Solana blockchain. The Solana ecosystem has witnessed massive growth over the past year, and analysts remain bullish on the altcoin’s price.
Solana prepares for a breakout, analysts expect SOL to hit new all-time high
Melania’s entrance into the NFT space is more notable since her husband, the former president, is a critic of cryptocurrencies. Despite his outlook on crypto, Trump appreciated his wife’s NFT application in the Solana ecosystem.
Melania Trump joins a long list of influencers and celebrities launching their NFT platforms or art in the Solana ecosystem. Michael Jordan, a former professional basketball player, recently launched his NFT app on Solana. The Solana network has witnessed a spike in popularity over the past few days, driving the altcoin’s price higher.
Analysts have predicted that Solana is prepared to hit a new all-time high. @SmartContracter, a pseudonymous cryptocurrency analyst, has predicted a rally in Solana price.
@Trader_XO has predicted that Solana price could rally if it flips resistance at $190 on the daily chart.
FXStreet analysts are bullish on Solana price and predict a retest of $330.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.