Smart Layer Network UpsideWith a decline of about 90% since launch, SLN has an extremely high chance of upside in the current market conditions. The project has a rather active community on discord and X, and is developing a new was to use tokens - Tapps - in an interactive manner on social platforms. They aim it to be a mainstream friendly use of tokens, and seem to have a good roadmap planned, including many partnerships and new listings like Binance.
Furthermore, the chart has likely formed a cup and handle pattern seemingly ready for an imminent breakout once volume comes in.
Any entry under $0.3 seems good, and upside potential is between $0.8 and $3.00, with an ATH above $6.00.
Current MCAP, even fully diluted, seems low for such a project and their community size.
SLNUSDT trade ideas
Smart Layer Network (SLN)Smart Layer Network (SLN) is a novel blockchain platform that aims to optimize layer-2 solutions for various blockchains, enhancing scalability and transaction speeds while reducing costs. By focusing on interoperability and user-friendliness, SLN seeks to streamline blockchain adoption and improve the efficiency of decentralized applications (DApps).
The current price of Smart Layer Network (SLN) is $2.00 with a 24-hour trading volume of $600,000. SLN has experienced a growth of 10% in the last 24 hours, reflecting a positive trend and investor confidence in its layer-2 scaling solutions.
Considering Smart Layer Network’s role in improving blockchain scalability and its recent positive market momentum, the next price targets for SLN could be set at $3.15, $4.20, and $4.90. Investors may want to consider entering a position at the current price. This trading idea is based on the anticipated demand for efficient and cost-effective scaling solutions, with Smart Layer Network well-positioned to capitalize on this need in the blockchain ecosystem.