Solana (SOL) has been on a tear in recent weeks, gaining over 73% since October 12.
Given Solana’s increasing popularity in the blockchain space, many believe SOL could hit $50 in the coming weeks if the momentum continues.
Meanwhile, the hot new Stake-to-Mine platform Bitcoin Minetrix (BTCMTX) continues to gain traction during its presale phase – and has now raised over $2.8 million in early investment.
SOL is currently trading around the $36.40 level, with the token’s bullish momentum showing no signs of slowing down.
Driving much of this bullish sentiment is an optimistic new report from VanEck, which predicts SOL could surge as much as 10,600% to over $3,000 by 2030.
VanEck believes Solana has the potential to become the first blockchain with over 100 million users, which would significantly boost adoption and price.
The report contends that if momentum continues, Solana could narrow the gap with Ethereum in the coming years.
With major institutions like VanEck voicing such confidence in Solana’s future, it’s no wonder investors are piling into SOL ahead of further expected gains.
Investors are still wary of a pullback, which often happens after such a sharp rise, yet the prevailing sentiment seems to lean towards long-term optimism.
This optimism is buoyed further by SOL’s spot trading volume increasing by 34% in the past day – hitting over $1.2 billion.
With Solana’s price continuing to rise, many investors are wondering how high SOL can climb by the end of 2023.
Based on current momentum and bullish projections, Solana could hit $50 before the year ends.
SOL is already up 71% in October alone, showing no signs of slowing down, even after such exponential gains.
Zooming out on the technicals reveals an extremely bullish picture, with SOL remaining in a strong uptrend across all major time frames.
The range between $31 and $32 also provides strong support for SOL – so unless the market sees a significant correction, the path of least resistance appears to be upwards.
With on-chain metrics also looking healthy and developer activity increasing, a rally to $50 looks achievable since it would only represent another 36% push.
Taking all these factors into account, the overall outlook for Solana remains highly optimistic – making it a great time to be a SOL holder.
Alongside Solana, another exciting project making waves in the crypto space is Bitcoin Minetrix (BTCMTX), a decentralized cloud mining platform that lets users stake tokens to earn mining rewards.
Bitcoin Minetrix recently hit a significant milestone by surpassing $2.8 million in its ongoing presale
This impressive presale performance highlights the strong interest in Bitcoin Minetrix’s innovative “Stake-to-Mine” concept, which aims to make BTC mining accessible to everyone.
Alongside this mechanism, Bitcoin Minetrix also provides high APY staking rewards of 204%, adding to its early appeal.
With a clear roadmap and major exchange listings planned for once the presale concludes, the project is beginning to attract attention from investors worldwide.
Over 3,700 people regularly participate in Bitcoin Minetrix’s Telegram channel, while the project’s official X (formerly Twitter) account boasts an audience of 5,000.
BTCMTX has even been ranked top on CoinSniper’s list of upcoming ICOs to watch.
To capitalize on growing engagement, Bitcoin Minetrix’s developers have launched a $30,000 “Minedrop” giveaway, in which ten lucky winners will each receive $3,000 worth of BTCMTX.
Putting everything together, Bitcoin Minetrix seems well-positioned for future growth, bolstered by solid presale performance, community engagement, and a groundbreaking approach to decentralized mining.
Investors can buy BTCMTX tokens through the presale for $0.0113 using ETH, USDT, or a credit/debit card.
The staking feature for crypto ETFs will likely be approved by the Donald Trump administration. …
The TRUMP price has dropped 90% from its all-time high, which was recorded three months…
BNB is experiencing buying demand as overall market sentiment turns positive. Although the price is…
The wider altcoin market, led by memecoins, has signaled a bullish breakout soon amid ongoing…
Coinbase has held the stance that crypto assets are not securities but instead are digital…
In a massive market like the crypto market, finding a coin to invest in can…
