{"id":333475,"date":"2024-06-18T14:30:13","date_gmt":"2024-06-18T13:30:13","guid":{"rendered":"https:\/\/coinfomania.com\/?p=333475"},"modified":"2024-06-18T17:20:32","modified_gmt":"2024-06-18T16:20:32","slug":"solana-sol-downturn-will-trigger-price-rally-to-new-all-time-highs-for-real-projects-says-andrew-tate","status":"publish","type":"post","link":"https:\/\/coinfomania.com\/solana-sol-downturn-will-trigger-price-rally-to-new-all-time-highs-for-real-projects-says-andrew-tate\/","title":{"rendered":"Solana (SOL) Downturn Will Trigger Price Rally to New All-Time Highs for Real Projects, Says Andrew Tate"},"content":{"rendered":"\n<p>Andrew Tate, a cryptocurrency proponent, and a former kickboxer, has made a bold statement today, suggesting that the recent downturn in the price of Solana (SOL) will set grounds for a significant rally in the crypto market.<\/p>\n\n\n\n<p>Tate who has been a controversial figure in the industry, is known to <a href=\"https:\/\/coinfomania.com\/andrew-tate-goes-bullish-on-bitcoin-plans-to-invest-over-100-million\/\">constantly talk about his crypto holdings and earnings<\/a> to his 9.4 million strong followers on X (formerly Twitter). He has also taken an interest in the Solana ecosystem lately given that his Daddy Tate (DADDY) memecoin is built on the <strong><a href=\"https:\/\/coinfomania.com\/neon-launches-mainnet-to-support-evm-on-solana\/\">Solana blockchain<\/a><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-solana-downturn-to-birth-new-all-time-highs\">Solana Downturn to Birth New All-Time Highs<\/h2>\n\n\n\n<p>In a <a href=\"https:\/\/x.com\/Cobratate\/status\/1802980835500458056\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">recent post on X<\/a>, Andrew Tate commented on the current price decline of Solana, the fifth-largest cryptocurrency by market cap, which has already been seen by over 350,000 people on the platform.<\/p>\n\n\n\n<p>According to him, the recent drop in the price of the coin will be a catalyst for a potential price rally for &#8220;real&#8221; projects in the market. Over the last 24 hours, the price of SOL has plummeted significantly by 5.62% to trade at $134.8. Additionally, in the weekly time frame, SOL has lost 12.04% of its value and a notable 20.32% in the last 30 days.<\/p>\n\n\n\n<p>However, Tate has insinuated that the crash isn&#8217;t entirely bad, rather, it will make way for weaker projects to be washed out of the system, allowing real ones to thrive. <\/p>\n\n\n\n<p><em>&#8220;Amazing downturn in Solana to let a bunch of projects die and the real ones bounce back to new ATH,&#8221; he wrote.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Amazing downturn in Solana to let a bunch of projects die and the real ones bounce back to new ATH.<\/p>&mdash; Andrew Tate (@Cobratate) <a href=\"https:\/\/twitter.com\/Cobratate\/status\/1802980835500458056?ref_src=twsrc%5Etfw\">June 18, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><figcaption class=\"wp-element-caption\">It will be safe to assume that his affiliated DADDY token is among the &#8220;real ones&#8221; as he continues to endorse the project and influence his followers to buy into it. Moreover, in a previous tweet, Tate had announced that he would purchase $1 million worth of DADDY tokens and burn them in a live stream on X. <br><br>The purpose of this is to generate momentum around the project and hopefully trigger an upward price movement. Since memecoins are hype-related tokens, it is safe to say that the impact of the burn on the value of the token will be significant. However, Tate gave a condition for the burn, saying that it would only happen if the market value of the coin reached $300 million within the next ten days.<\/figcaption><\/figure>\n\n\n\n<p>At press time, the market cap for DADDY stands at $130.06 million, which is still about 79% below the $300 million target. In addition, the price of DADDY has declined by 35.04% in the last 24 hours, trading at $0.133.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrew Tate, a cryptocurrency proponent, and a former kickboxer, has made a bold statement today, suggesting that the recent downturn [&hellip;]<\/p>\n","protected":false},"author":50,"featured_media":333481,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,1814],"tags":[2078,1392,2460,2432],"ppma_author":[1760],"class_list":["post-333475","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-solana-news","tag-andrew-tate","tag-solana","tag-solana-ecosystem","tag-solana-price"],"acf":[],"authors":[{"term_id":1760,"user_id":50,"is_guest":0,"slug":"victorcoin","display_name":"Victor Swaezy","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/dbfd15c6c9b0ca03fc763f47f4d13fc1?s=96&r=g","first_name":"Victor","twitter":"https:\/\/twitter.com\/swaezy_victor","instagram":"https:\/\/www.instagram.com\/vic_swaezy\/","linkedin":"https:\/\/www.linkedin.com\/in\/victor-igbor\/","user_url":"","last_name":"Swaezy","facebook":"https:\/\/www.facebook.com\/igborvictorn\/","description":"Victor Nnamdi Igbor \"Swaezy\" is a crypto enthusiast and writer with over 8 blogging experience. He is an easy person and when not working, loves to have a good time."}],"_links":{"self":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/333475"}],"collection":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/comments?post=333475"}],"version-history":[{"count":2,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/333475\/revisions"}],"predecessor-version":[{"id":333499,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/posts\/333475\/revisions\/333499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media\/333481"}],"wp:attachment":[{"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/media?parent=333475"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/categories?post=333475"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/tags?post=333475"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/coinfomania.com\/wp-json\/wp\/v2\/ppma_author?post=333475"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}