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Solana Dominates Blockchain Gaming, Eyes $200 Price Surge

Solana Dominates Blockchain Gaming, Eyes $200 Price Surge

CoinEdition2024/12/27 16:00
By: Parth Dubey
ATLAS0.00%SOL-0.21%GENE0.00%
The Backwoods, Seekers of Tokane, and Photo Finish are some of the games on Solana. Solana blockchain also has the highest DEX trading volume among its peers. SOL RSI reads 37.68, which means that buying pressure is quite low.
  • The Backwoods, Seekers of Tokane, and Photo Finish are some of the games on Solana.
  • Solana blockchain also has the highest DEX trading volume among its peers.
  • SOL RSI reads 37.68, which means that buying pressure is quite low.

Solana, a leading Layer 1 blockchain network, is set to redefine the gaming experience by capitalizing on the half-trillion-dollar gaming industry. By introducing games with immersive gameplay, it allows players to earn digital assets while playing their favorite games. 

According to the data from DefiLlama, Solana already dominates the DEX trading volume across all blockchain networks and ranks second in total value locked (TVL). If Solana successfully dominates the blockchain gaming sector, the SOL token might soon break above the $200 price level and potentially achieve a new all-time high. 

The top games available in the blockchain include Seekers of Tokane, a free-to-play game that allows players to explore, battle, collect, and trade creatures; Photo Finish, a game wherein players can collect and breed virtual horses; Star Atlas, an MMORPG space explorer; SolForge Fusion, in which the players contest against each other using algorithmically generated decks; Genopets, a game which allows players to remain fit while playing; and Paravox, a 3v3 shooter game. 

Further, the blockchain has other prominent games like Mix Mob, a trading cars competitive racing game; Nyan Heroes, a third-person team-based hero shooter; The Backwoods, a slash-and-shoot game; BR Infinite, a ‘Real Money Shooter;’ Portals, a metaverse-based game and finally Parallel Colony, a strategy game which is currently under development. 

SOL Towards $200

According to CoinMarketCap data , SOL is trading at $185.33 at the time of writing, down 1.50% in the past 24 hours and 29.79% from its all-time high of $263.83, witnessed around a month ago. Further, Solana’s growing dominance across the meme coin and DEX sector, in addition to its potential in the gaming sector, could easily push SOL to a new ATH. 

Solana Dominates Blockchain Gaming, Eyes $200 Price Surge image 0 Solana Dominates Blockchain Gaming, Eyes $200 Price Surge image 1

Read also: Solana Misses Out on $200, Dominates DEX Trading Volume for 3rd Time

However, the Relative Strength Index (RSI) for SOL reads a value of 37.68, which means that the bears are overall in control of the digital asset’s price action, and the gradient of the line suggests that lower prices could be possible in the near future. 

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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