Thursday, April 25, 2024 – There are less than three days left for investors to buy into Solana’s exciting new meme coin project Slothana ($SLOTH) titled 420 Topics.
The token has raised a staggering $15 million in a month-long pre-sale that is scheduled to end on April 29, according to the timer on the site. website.
At the beginning of last week, Sluthana got up 10 million dollars. By the beginning of this week, another $5 million had flowed into the project.
The recent gains appear to have been catalyzed by Saturday, April 20, an important day for the project because it was the fourth quadrennial Bitcoin halving and the international halving day.
At the conclusion of the ICO next Monday, there will be an announcement of the airdrop date that could spur some potentially explosive buying in the coming weeks. Furthermore, the team will look at stock exchange listings.
So, how is Slothana different from its Pepe and Dog-themed predecessors? Well, for starters, this is the first time that stone culture has been properly represented in cryptocurrencies.
So far, various cryptocurrency communities have flirted with 4/20. The self-proclaimed “Doge Army” that is gathering around Dogecoin has captured stone culture before.
April 20 was chosen to celebrate World Doge Day due to its irreverent connotations and instantly memorable appeal.
Slothana doesn’t outgrow the grass – sorry, Bush. Slothana comes hot on the heels of the famous Slerf icon, a desk-bound sloth. With his misty red eyes, he watches the clock because he knows that at 4:20, he’ll get the rest he needs.
This could be a pretty big break, with several industrial developments pushing prices this year.
🎬🌵 Are you lucky, sloths? 🎰 With only 3 days left in the preview, it’s time to get moving and make your move. Will you sit there or will you join the journey to the moon with Slothana? it’s your choice. Make it count. 🔥🦥 #Slothana #memecoins pic.twitter.com/lnyqisy2EB
— Slothana (@SlothanaCoin) April 25, 2024
Bitcoin Halving and ETF Catalyst
Last Saturday, a Bitcoin software update called the “halving” reduced mining rewards from 6.25 BTC per block to 3.125. This means miners now need to mine twice as much as they did before Saturday to get the same rewards.
Since miners control the issuance of new Bitcoin, this has now halved the rate at which new Bitcoin is sold on the open market. Logically, a depleted supply during Bitcoin’s most popular year to date would serve as a catalyst for a value appreciation in the medium term.
That’s why the previous three halvings led to significant gains within a year of the update.
Where Bitcoin goes, the rest of the market follows. Virtually every leading cryptocurrency has tracked Bitcoin’s price movements, with late February/early March delivering some of the biggest gains so far this year across multiple projects.
Additionally, Bitcoin has become a popular investment product in the United States, a strong sign that the same auspicious fate may befall Ethereum and its closest competitor, Solana, Slothana’s native blockchain.
Last January, the US Securities and Exchange Commission approved the launch of 11 bitcoin exchange-traded funds, which are essentially investment products that enable investors to buy and hold bitcoin through a regulated instrument with all the safeguards that entails.
The news helped Bitcoin reach a new all-time high of $73,737.94 about a month ago.
The SEC has until May 23 to issue a ruling on the latest round of applications for Ethereum ETFs.
If the agency greenlights the products — and there’s little reason not to, now that Bitcoin ETFs are in circulation — it could lead to some explosive rallies not just across Ethereum, but also across competing tier-1 blockchains deploying highly functional smart contracts. , such as Solana.
🚀🌕 Get ready for a trip to the moon as we prime the lazy ship’s engines! 🌿🦥 As the launch date approaches, our lazy crew is gearing up for an epic journey through the world of cryptocurrencies. Buckle up and hold on to your branches, because there are only 6 days left 🌌🌟… pic.twitter.com/yHBrE3NP5x
— Slothana (@SlothanaCoin) April 22, 2024
Solathana and the influence of the Solana network
Additionally, there is a growing gold rush around Solana’s native Solana network, as its ecosystem continues to expand.
In recent months, Solana meme coins like Slerf, DogWifHat, and Bonk have on good days outpaced the gains made by their Ethereum-based competitors Floki, Pepe, and Shiba Inu.
These successes have prompted investors to consider Slothana’s $15 million pre-sale as a major contender for the network’s next viral meme coin.
This month, Solana Developers to publish A beta update for the mainnet aimed at addressing network congestion issues. This means that Solana is the healthiest it has ever been, and its entire ecosystem is poised to explode this year.
There are now less than three days left to join the $SLOTH presale. To do this, investors need a funded SOL wallet to use the contribution tool on the Slothana website.
At its current price, 1 SOL token buys $10,000 SLOTH. It’s a steal for any investor who sees the upside potential in the blockchain’s top slot.
Buy Sluthana here
Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.