Ethereum’s Price Struggle vs. Solana’s Whale-Driven Rally
The crypto market begins September under pressure, with Ethereum (ETH) battling to hold onto key levels. Solana (SOL), on the other hand, is seeing heavy accumulation from large holders.
Meanwhile, a new meme coin, Moonshot MAGAX (MAGAX), is surging through its presale with bold ROI projections. Investors are now diversifying their portfolios into established altcoins and high-growth presales.
ETH to Face Choppy September Before Rally
Ethereum (ETH) closed August near $4,390, and this marked its strongest monthly finish since November 2021. This should have kept investors optimistic, but there was a late pullback that pushed the price to the $4,250 range. The new month has started with ETH trying to reclaim the $4,500 level as support, but it keeps going below its opening range.
Historically, September has always been one of ETH’s weakest months. Since 2016, ETH has delivered an average -6.1% return, including double-digit losses. Its worst September was in 2017, when ETH dropped by 21.65%, and only once, in 2016, did ETH gain a positive return of 14.53%.
Analysts continue to note that weakness in September usually leads to a rally in the last quarter of the year. On average, October and November increase ETH’s value by 4.7% and 7.8%, respectively. Market watchers say that if ETH stumbles this month, it could rebound by the end of the year.
Solana Sharks Accumulate Coins Quietly
Solana (SOL) has sparked a lot of interest lately, especially with sharks accumulating more tokens. Despite the volatility that it experienced through August, SOL stuck to the $183-$190 zone, creating a stable base for upward momentum.
Over $50 billion in SOL futures have traded in recent sessions, showing the increasing institutional involvement. Reports have also said that Pantera Capital and other funds are planning to allocate more capital into Solana ecosystem treasuries. The whale activity and institutional flows show confidence in SOL’s growth.
Analysts are expecting SOL to break past the $205 resistance. If cleared, its consolidation could resolve into a breakout, making it one of the strongest altcoins ahead of September.
MAGAX Goes for 153x ROI With the Meme-to-Earn Model
With ETH and SOL dominating institutional flows, retail investors are more interested in Moonshot MAGAX (MAGAX). After completing Stage 1 of its presale in record time, MAGAX just entered Stage 2 at a token price of $0.000293 and is already progressing at a decent speed. Early projections suggest that investors could see returns as high as 153x once it’s launched.
Analysts have high hopes for MAGAX, as seen in the predictions, and that’s because of the meme-to-earn ecosystem. This model rewards users with MAGAX tokens when they create content, spread it online, and participate in the ecosystem. It adds utility to a coin that’s normally dependent on hype.
Investors Rush to Participate in MAGAX Stage 2 Presale
The presale numbers are now climbing rapidly, and investors are moving quickly to buy MAGAX at its lowest possible price before the next stage. The community-driven approach, along with the presale’s limited supply, has made investors buy in urgently.
As ETH deals with a bumpy season and SOL whales load up, MAGAX offers a high-risk, high-reward opportunity with a 153x ROI potential. For many retail investors, MAGAX offers a hedge against September’s volatility.
Be part of the Moonshot Magax Presale Community:
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