The Solana community is preparing for the annual event dubbed Breakpoint, organized by the Solana Foundation in Singapore. Earlier today, the Solana team announced that the online tickets for September 19 to September 21 have already sold out.
Key Information About Breakpoint
The Solana Breakpoint intends to bring forth innovative ideas from different leaders to enable the mainstream adoption of blockchain technology globally. This year’s Solana Breakpoint is sponsored by companies such as Circle, Wormhole, Santiment, Auros, Crypto.com, and Bonk (BONK).
Impact on Solana Price Action
From the past Solana Breakpoint event, it is evident that the overall impact is a bullish outlook. If history repeats itself, Solana's price will rally toward its all-time high in the subsequent weeks. From a technical standpoint, Solana's price has been trading inside a horizontal consolidation with a robust support level above $122. Additionally, the large-cap altcoin, with a fully diluted valuation of about $77 billion and a daily average of around $1.8 billion, has rebounded from the daily 50 Moving Average (MA) despite the low bullish sentiment.
Top SOL-based Altcoins to Consider
In addition to Solana-based meme coins, the growing adoption of the network’s web3 projects has bolstered their respective tokens. The top three tokens based on the Solana to consider amid the Breakpoint event include Jupiter (JUP), Jito (JTO), and Kamino (KMNO). Notably, these three web3 projects have the highest total value locked and net daily active users. According to the latest crypto market data, KMNO and JTO prices continue to hover around their respective trading-launch value. Meanwhile, JUP price has been retesting its 2023 bear market lows despite Solana's mainstream adoption.
The Solana Breakpoint event promises to be a significant occurrence for the cryptocurrency community, offering new ideas and opportunities for the development of blockchain technologies.
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