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Solana Name Service Price Surges 59% in the Last 24 Hours

Sep 20, 2024
  1. Sudden Price Increase of Solana Name Service
  2. Solana Name Service Price Prediction
  3. Promising New Application in the Solana Ecosystem

The Solana Name Service (SNS) price surged 59% in the last 24 hours to $0.3792 on trading volume that soared 8,811% to $435.2 million. This surge followed Binance's announcement of a USD-margined perpetual contract for FIDAUSDT with up to 75x leverage.

Sudden Price Increase of Solana Name Service

Yesterday, September 19, Binance announced the launch of a perpetual contract for FIDAUSDT, leading to an immediate price surge. Shortly after, Solana Name Service announced support for Solana’s latest Web3 mobile phone, Seeker.

Solana Name Service Price Prediction

In the last 24 hours, the FIDA price went from $0.2384 to the high of $0.4337, followed by correction to $0.35 and a return to the $0.40 resistance level. Current technical indicators suggest another possible correction as the price strives to hold between the upper and lower Bollinger Bands.

Promising New Application in the Solana Ecosystem

The Solana ecosystem is about to see the launch of a highly ambitious GameFi token known as Mega Dice (DICE). The token will become the primary cryptocurrency for the Mega Dice casino, which has already attracted significant user attention.

The Solana Name Service market shows rapid response to positive news and price growth but also points to possible corrections. The Solana ecosystem continues to evolve, providing new opportunities and applications.

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