In a report dated December 12, 2023, it was revealed that Solana (SOL) outpaced Ethereum in the growth of non-fungible token (NFT) sales. Solana (SOL) saw a substantial increase of 58% in NFT sales, totaling $68 million, compared to the previous week.
On the other hand, Ethereum experienced a slight dip in NFT sales volume, recording $100 million with a 5% decrease from the previous week. Notably, Solana (SOL) achieved a daily NFT sales volume of $16 million, surpassing Ethereum by $4 million on one of the days last week.
Following this news, the price of SOL crypto surged by 7.6%, rising from $70.34 to $75.37. This upward momentum was fueled by the positive developments and significant price hikes observed in meme coins built on the Solana (SOL) blockchain.
Analysts are optimistic about the potential for further growth in the SOL crypto price, projecting a potential surge to $445.06 in 2024 if the trend of these Solana-affiliated tokens continues. As a result, this anticipated increase in SOL crypto price positions the token as a promising starting point, especially for beginners.
Inu Shiba Gets New Listing On Binance
On December 13, it was reported that the prominent cryptocurrency exchange Binance has expanded its range of trading pairs, and among the latest additions is a new pair for Shiba Inu (SHIB) called SHIB/FDUSD.
The newly introduced First Digital USD (FDUSD) is a stablecoin boasting a market capitalization of over $1 billion. Analysts are optimistic about the implications of this addition, anticipating that it will expose Shiba Inu (SHIB) to a broader audience of traders. The potential increase in trading volume is expected to positively impact the price of Shiba Inu (SHIB).
This development coincides with what is arguably a favorable period for Shiba Inu (SHIB) in terms of both price and development. As a result of the new listing, Shiba Inu (SHIB) experienced a gain of 2.8%, rising from $0.00000951 to $0.00000978.
Experts suggest that this new trading pair has the potential to significantly boost Shiba Inu's trading volume in the future. Consequently, the SHIB price prediction for 2024 is set at $0.00002060, making Shiba Inu (SHIB) an attractive and viable option for investors.
