
{"id":19104,"date":"2024-11-08T23:27:47","date_gmt":"2024-11-08T23:27:47","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=19104"},"modified":"2024-11-08T23:27:47","modified_gmt":"2024-11-08T23:27:47","slug":"solana-price-passes-200-as-crypto-market-rallies-could-freedum-fighters-explode-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=19104","title":{"rendered":"Solana Price Passes $200 as Crypto Market Rallies \u2013 Could FreeDum Fighters Explode Next?"},"content":{"rendered":"<p>Solana (SOL) is exploding \u2013 breaking $200 for the first time since April.<\/p>\n<p>With SOL rising and the broader market flipping green, investors are starting to notice some of the newer projects out there.<\/p>\n<p>One that\u2019s getting a lot of attention is FreeDum Fighters (DUM), a PolitiFi meme coin that\u2019s raised over $450,000 in presale.<\/p>\n<h2>SOL Dominates ETH as Network Activity Explodes<\/h2>\n<p>Solana\u2019s price keeps climbing \u2013 now over $204 \u2013 and it just had its third straight day in the green.<\/p>\n<p>What\u2019s also eye-catching is how well SOL is doing against ETH.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/Picture1-11.png\"><\/a><\/p>\n<p>The<a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\/eth\" target=\"_blank\" rel=\"noopener\"> SOL\/ETH ratio<\/a> hit an all-time high of 0.0717 earlier this week, and after a slight dip, it\u2019s climbing once more.<\/p>\n<p>That shows just how much faith investors are placing in Solana.<\/p>\n<p>SOL is up 101% this year, while ETH is only up 27%.<\/p>\n<p>This could indicate that the market is changing, and investors see Solana as the most exciting Layer-1 chain.<\/p>\n<p>SOL\u2019s price surge also comes at a time of serious growth on the network.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/Picture2-11.png\"><\/a><\/p>\n<p><a href=\"https:\/\/defillama.com\/chain\/Solana\" target=\"_blank\" rel=\"noopener\">Solana\u2019s total value locked (TVL)<\/a> is now $6.9 billion, up $3 billion from August<\/p>\n<p>Lower transaction fees and a growing meme coin sector are driving this growth, helping Solana gain market share.<\/p>\n<p>Big players seem to be taking notice, with<a href=\"https:\/\/coinalyze.net\/solana\/open-interest\/\" target=\"_blank\" rel=\"noopener\"> SOL\u2019s open interest<\/a> at an all-time high of $3.5 billion.<\/p>\n<h2>Coinbase Boosts Solana DeFi Scene with Bitcoin Integration<\/h2>\n<p>There\u2019s another significant development for Solana: Coinbase just<a href=\"https:\/\/x.com\/coinbase\/status\/1854570363046576566\" target=\"_blank\" rel=\"noopener\"> launched<\/a> wrapped Bitcoin (cbBTC) on the network.<\/p>\n<p>This means Bitcoin\u2019s massive liquidity is now flowing into Solana\u2019s DeFi space.<\/p>\n<p>We\u2019ve already seen $10 million worth of cbBTC on the chain.<\/p>\n<p>This move comes at the perfect time, with Bitcoin almost hitting $77,000 after the Fed\u2019s latest rate cut.<\/p>\n<p>Coinbase\u2019s decision to launch wrapped Bitcoin on Solana shows growing faith in the network, especially after the issues with soBTC during the FTX collapse.<\/p>\n<p>cbBTC is live on <a href=\"https:\/\/twitter.com\/solana?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@solana<\/a>.<\/p>\n<p>cbBTC is an SPL token that is backed 1:1 by Bitcoin (BTC) held in custody by Coinbase.<\/p>\n<p>This is the first token Coinbase has issued on Solana, and with it, we\u2019re excited to bring easy access to BTC.<\/p>\n<p>Here\u2019s what you can do with your cbBTC on day one \u2193<\/p>\n<p>\u2014 Coinbase \ufe0f (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1854570363046576566?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">November 7, 2024<\/a><\/p>\n<p>Now, with different kinds of wrapped Bitcoin on Solana, it\u2019s becoming a key DeFi player.<\/p>\n<p>Top Solana protocols like Jupiter and Kamino Finance are already integrating cbBTC.<\/p>\n<p>That\u2019s a vote of confidence in Bitcoin-based DeFi on Solana.<\/p>\n<p>Combine that with the bullishness around Trump\u2019s election victory, and it\u2019s easy to see why the SOL price is exploding right now.<\/p>\n<h2>Could PolitiFi Coin FreeDum Fighters Benefit from the Bullishness? DUM Token Presale Hits $450K<\/h2>\n<p>Solana\u2019s price jump has also got investors excited about newer crypto projects.<\/p>\n<p>One such project is<a href=\"https:\/\/cryptopotato.care\/b_freedumfs-en_125953?referrer=solana-price-passes-200-as-crypto-market-rallies-could-freedum-fighters-explode-next\" target=\"_blank\" rel=\"noopener\"> FreeDum Fighters<\/a> \u2013 a meme coin with a political satire twist.<\/p>\n<p>FreeDum Fighters benefits from the market\u2019s bullishness and has now raised over $450,000 in its presale phase.<\/p>\n<p>The project is tapping into the combination of crypto and politics to great effect.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/Picture3-11.png\"><\/a><\/p>\n<p>While FreeDum Fighters isn\u2019t tied to the Solana blockchain, the positive market buzz is a good sign for its growth prospects.<\/p>\n<p>What makes this project stand out is its<a href=\"https:\/\/www.freedumfighters.com\/stake?pool=magatron\" target=\"_blank\" rel=\"noopener\"> staking-based ecosystem<\/a>.<\/p>\n<p>Users can stake DUM, the native token, in one of two pools \u2013 MAGATRON or Kamacop 9000.<\/p>\n<p>These pools are satirical versions of Donald Trump and Kamala Harris.<\/p>\n<p>Each pool has its own specific yield, so users can \u201cvote\u201d for their favored personality and earn extra DUM tokens in return.<\/p>\n\n<div class=\"embed\"><\/div>\n<p>This mix of staking rewards and political jokes has caught the attention of some top crypto analysts.<\/p>\n<p>The experts at<a href=\"https:\/\/youtu.be\/gTUUguJTWIQ?si=TlX1NBGv5bOkSFS9\" target=\"_blank\" rel=\"noopener\"> 99Bitcoins<\/a> even predicted DUM could explode after it is listed on a DEX.<\/p>\n<p>With Trump\u2019s recent win getting everyone talking about crypto, FreeDum Fighters\u2019 timing could be spot on.<\/p>\n<p>Its growing community and low presale price make DUM one of the most exciting new meme coins to watch of late 2024.<\/p>\n<p><a href=\"https:\/\/cryptopotato.care\/b_freedumfs-en_125953?referrer=solana-price-passes-200-as-crypto-market-rallies-could-freedum-fighters-explode-next\" target=\"_blank\" rel=\"noopener\">Visit FreeDum Fighters Presale<\/a><\/p>\n<p><strong>Disclaimer<\/strong><em>: The above article is sponsored content; it\u2019s written by a third party. CryptoPotato doesn\u2019t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.<\/em><\/p>\n<p><em>Readers are also advised to read CryptoPotato\u2019s\u00a0<a href=\"https:\/\/cryptopotato.com\/disclaimer\">full disclaimer<\/a>.<\/em><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/solana-price-passes-200-as-crypto-market-rallies-could-freedum-fighters-explode-next\/\">Solana Price Passes $200 as Crypto Market Rallies \u2013 Could FreeDum Fighters Explode Next?<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Solana (SOL) is exploding \u2013 breaking $200 for the first time since April. With SOL rising and the broader market flipping green, investors are starting to notice some of the newer projects out there. One that\u2019s getting a lot of attention is FreeDum Fighters (DUM), a PolitiFi meme coin that\u2019s raised over $450,000 in presale. [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":19105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19104","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19104"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19104"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19104\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19105"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}