Solana’s rally in the past few weeks will likely pause as it approaches a key resistance level. Despite this critical hurdle, the optimism surrounding SOL is not diminishing and will continue to grow due to the meme coin frenzy. As long as the bullish outlook remains steady, investors can expect Solana price to shoot higher. This article also looks at an ongoing pattern that forecasts SOL to surge 810% as stablecoin company Tether continues to mint billions in USDT to match the market demand.
Can Tether’s USDT Mints Influence Solana Price?
Tether, the company behind the USDT stablecoin, minted $2 billion in less than 24 hours, all of which was sent to exchanges. Since stablecoins are required to purchase cryptocurrencies, it is vital to meet the incoming demand. As a result, Tether has done this during the previous bull runs to match the bull run demands from retail and institutions alike.
Tether just minted $2B in less than 3 hours.
We’re going higher pic.twitter.com/IL8dkCBh4k
We współpracy z: https://coingape.com/markets/will-solana-price-rally-810-as-tether-mints-2b/
