Solana’s price rose and surpassed $100 for the first time in 10 days.
However, popular cryptocurrency Bitcoin Minetrix is showing even stronger performance, with presales quickly approaching $10 million.
Solana is a leading dApp with explosive growth ahead of its token launch.
Solana is up 7.08% today compared to other top 10 players. She also performed noticeably well this week, up 28%.
It is currently the fifth largest cryptocurrency after BNB, USDT, ETH, and BTC. Its market capitalization is now $45 billion and its 24-hour trading volume is $2.9 billion, up 29%.
The recent surge in interest in Solana can be attributed to on-chain developments.
Solana-based liquidity aggregation DEX Jupiter has seen a significant increase in trading volume as users anticipate airdrops ahead of the token launch on January 31.
According to CoinGecko data, the network has upset Uniswap in recent trading volume. This represents notable interest in the protocol and the broader Solana ecosystem.
Uniswap has since overtaken Jupiter again, but Jupiter remains the second highest DEX by trading volume, with a 14.4% market share.
The interest in Jupiter is significant because it has brought a huge influx of liquidity to the Solana blockchain, which is likely the catalyst for the recent price surge.
This is clearly evident in DeFiLlama data. It shows that Solana’s TVL and stablecoins are at their highest levels since the third quarter of 2022.
Meanwhile, data from The Block shows that Solana’s daily active addresses are also increasing and are currently approaching their highest annual levels.
These indicators show the growing excitement surrounding the Solana Chain, which is also evident in expert analysis of where the price is headed.
X Analyst ChristiaanDefi Recent Announcements His long-term goal for Solana is $500, almost five times its current price.
The analyst also predicts near-term price targets of $137, $163, $194, and $225.
Christiaan supports his predictions with technical analysis, referencing trendline support and bullish moving average indicators.
But he also speculates that a Solana ETF could be in the pipeline. While this may seem absurd, BlackRock’s proactive actions on its Ethereum ETF effort mean that the Solana ETF should not be ruled out.
Meanwhile, respected analyst Michael van de Poppe expects Solana to move towards $140 after “providing support through a longer test of support at $80.”
Michael alludes to Solana’s initial decline: “There is always a period of consolidation after the initial upturn, and that appears to be over.”
The Solana network is seeing growing interest after some time of relative inactivity.
But Solana is not the only cryptocurrency experiencing such momentum. The new pre-sale Bitcoin Minetrix is also attracting attention due to its attractive use cases and early pre-sale success. Will this be the next altcoin to explode?
New altcoin Bitcoin Minetrix approaches $10 million in presale – could it explode?
Bitcoin Minetrix is a new Stake-to-Mine cryptocurrency that allows users to cloud mine Bitcoin by staking $BTCMTX tokens on an Ethereum-based platform.
The process is simple. Users can stake $BTCMTX for Bitcoin mining credits, which can be converted to free Bitcoin by burning them with cloud mining power.
This use case allows anyone to mine Bitcoin without expensive hardware or technical complexity. Additionally, the project eliminates space and noise constraints associated with Bitcoin mining and provides a more environmentally friendly alternative.
Bitcoin Minetrix also eradicates the risk of cloud mining fraud by using the decentralized and transparent $BTCMTX token.
These scams have become a significant problem in the industry. The Bitcoin Minetrix whitepaper explains that while the previous solution yielded significant returns to users, it later introduced “undue complications” when users increased their deposits.
Bitcoin Minetrix has also received a smart contract audit demonstrating its commitment to transparency and security.
Another advantage over competing solutions is Bitcoin Minetrix’s variable lock-up period, which allows users to control how long they stake their tokens.
Bitcoin Minetrix pre-sale is ongoing, but users can start staking immediately. The current staking APY is 68%, but this figure will decrease as the staking pool grows.
Visit Bitcoin Minetrix Presale