You might have heard of the devastated market conditions in 2022, and Solana (SOL) was also no exception, as it fell from one of its highest prices to a price that no one anticipated. And all the credit goes to the Crypto crash of Luna and FTX.
As you already know, SOL provides Decentralized Finance (DeFi) solutions to people. Due to its problem-solving nature, it was saved from crashing as there was news about SOL going below $1, but fortunately, that didn’t happen. This article encompasses the price analysis of Solana from last year till today.
Another cryptocurrency worth mentioning here is the C+Charge which has been making rounds on the internet because of its unique approach and environment-friendly nature. There’s a deeper analysis of it below, so don’t go anywhere without giving it a read.
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For now, let’s get into our topic.
Solana Price Analysis
If you take a close look at the price chart of SOL, you’ll see a peak at $136.76 last year in the first week of April. But until it reached the end of April 2022, it was already under the $100 mark because the bull market was coming to an end, and all the gains that Solana made, were being reversed as people started to cash out on profits.
But the fall didn’t end there as SOL went down to $44 in the middle of May 2022, from where it tried to bounce back and nearly touched the $60 mark but got rejected from the strong resistance due to high selling pressure. It then kept sinking until it reached $29. It then tried to bounce back from the strong support because of the buying pressure.
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SOL then consolidated between $30 to $40 for nearly 6 months, followed by a massive fall where it went to $9 at the end of December, which no one expected. This was the All-Time-Low for Solana as of 2023; it is picking up some pace and has already reached $24 in no time.
Expert Opinion
According to Coincodex, the price of SOL would be between $66.50 to $199.71 by 2025, which means a growth of over 726% from the current price, and by the end of 2026, SOL might be able to reach $400 or more, showing over 1500% growth.
AMBCrypto has also put forth their prediction that they expect SOL to grow exponentially in 2023 and reach $240 by the end of the year. Let’s see whose predictions will be correct at the end of this year.
An Overview of C+Charge
C+Charge is a revolutionary eco-friendly coin that incentivizes individuals with carbon credits rewards upon using EV charging stations and making payments through the CCHG token. Also, there's an app that helps users find EV charging spots, wait times, and more.
C+Charge is transforming the EV Charging industry, which will boost the price of CCHG in the long run. And as the world is moving towards a green environment, electrically powered vehicles are becoming more common; thus, usage of CCHG will become a common practice sooner than you expect.
What does C+Charge Offers
C+Charge has opened up a whole new world for Electric vehicle owners. The prominent features of CCHG include the following:
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Incentivizing users for making payments by using CCHG tokens.
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An App with geolocation of the nearest EV Stations
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The app also shows the expected waiting times and which nearest stop would be the best for you
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You can also keep track of the real-time pricing of EV charging
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Helps individuals to reset their carbon footprints
Why C+Charge Will Pump Faster in 2023
Firstly, CCHG has a deflationary effect, as whenever a user makes a payment at an EV charging station, the tokens get taken out from the ecosystem, which keeps them in demand. It also helps in increasing the value of tokens with time as more and more CCHG tokens get taken out of the ecosystem.
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C+Charge was introduced in 2022 when the founders understood the future of EVs. It will have its first official CEX listing on the 31st of March, and after that, you can expect a steep rise in its price because of the massive adoption that the presale stats already exhibit. There’s a lot of good news coming in 2023, including building a network of EV charging stations.
There will be a limited supply of tokens, and this is the best time to buy CCHG tokens at the best price during the presale because once it's launched, the price will shoot up, and electric vehicle owners will flock to it for amazing rewards.
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Summing Up
In short, SOL is striving to gain back its lost valuation, and there have been some good signs for it as well. On the other hand, CCHG is seen to be a potential gainer in 2023, which can convert your few dollars into thousands or even millions if you get into the project before it explodes.
