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Legendary Boxer Mike Tyson Declares His Preference of Solana

By:
Hassan Maishera
Updated: Jan 13, 2022, 16:19 UTC

Legendary boxer Mike Tyson has declared his preference for Solana and promoted the DREAM token, claiming it could revolutionize the NFT space.

Mike Tyson FXEMPIRE

Mike Tyson asked his followers a few months ago to choose between Solana and Ethereum, and it is clear he has now gone with the latter.

Tyson is all in on Solana

Former heavyweight champion boxer Mike Tyson tweeted a few hours ago that he is all in on Solana at the moment. He attached a Catalina Whale non-fungible token (NFT) issued on top of the Solana blockchain to his tweet.

This latest development indicates his preference for Solana over Ethereum. On September 9, Tyson asked his Twitter followers to choose between Solana and Ethereum. The tweet unleashed a battle among the answers to his post over which one is the better smart contract-enabled blockchain platform.

Tyson sparked a similar battle regarding Bitcoin and Ethereum in July last year. At the time, he asked his followers if they preferred Bitcoin or Ethereum. As always, there were varying responses from the cryptocurrency community regarding which is the better cryptocurrency.

In addition to his Solana tweet, Tyson started promoting Dream (DREAM), an ERC-20 token, a few hours ago. According to Tyson, DREAM could revolutionize the NFT space and help the mental health of the crypto community.

SOL Rallies by More Than 6% in 24 Hours

Solana, like most cryptocurrencies, has been rallying over the past few days. The SOL/USD daily chart is currently bullish, thanks to the coin’s performance over the past 24 hours. At press time, SOL is trading at $157 per coin, up by 6.5% over the last few hours.

SOL’s RSI currently stands at 50 – Source: FXEMPIRE

SOL is closing in on its 50-day moving average price of $178. It could surpass its 50-day EMA in the coming hours if the current market condition is sustained. The MACD line is still below the neutral zone but is slowly moving higher thanks to the recent rally.

The 14-day RSI of 50 shows that SOL is out of the oversold territory. If the bulls remain in control, SOL could move past the first major resistance level at $180 before the end of the day. Unless there is an extended bullish performance, the $213 resistance level should cap further upward movement in the short term.

About the Author

Hassan is a Nigerian-based financial Journalist and cryptocurrency investor.

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