Solana Price Prediction: Bolivia Just Used SOL Tech in a Presidential Election – Is This the Start of Real-World Adoption?
Solana has reached sovereign-level adoption with use in the Bolivian presidential election, fuelling rising bullishness for Solana price predictions.
The October Pilot program, TuVotoSeguro, used the altocin to tokenize photographed paper poll counts on a public ledger to make post-count manipulation detectable.
The NFT format, in mixture with human enter and AI-assisted picture validation, allowed unbiased verification for official vote tallies at a restricted set of polling cubicles.
TuVotoSeguro addresses a particular vulnerability from Bolivia’s contested 2019 election, when allegations emerged that vote tallies have been altered throughout transport from polling stations to central counting services.
The election use case might have wider utility past Bolivia, notably with poll fraud turning into a extra prevalent speaking level in U.S. politics.
The Trump administration’s objective to place America as the “crypto capital” and a pioneer in blockchain know-how may see poll tokenization explored.
Solana Price Prediction: Could Sovereign Adoption Spark a Surge
Sovereign-level adoption may very well be the catalyst Solana wants to flee an ascending channel sample it has traded in all through its 7-month bull run.
The altcoin now faces a potential launchpad stage with a robust confluence of assist round $147.50, with the decrease boundary of the ascending and a more moderen month-long descending channel.
While the final bounce was unsuccessful, the second creates a a lot stronger double backside reversal sample for a sustained upwards transfer.
Momentum indicators look beneficial. The RSI has shaped a larger high since its bounce from oversold territory, whereas the MACD histogram closes in on a golden cross above the sign line, each indicators of a brewing uptrend.
The key breakout threshold sits round psychological resistance at $300. As assist, this stage may affirm a breakout try, concentrating on earlier highs at $500 for a potential 230% acquire.
And with stronger fundamentals like enlargement of the TuVotoSeguro pilot or adoption of real-world adoption elsewhere, the $1,000 milestone may very well be put in focus for a 560% acquire.
Still, a breakdown situation stays in the playing cards with bearish market sentiment, risking a potential 30% crash again to pre-bull run ranges at $100.
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