Altcoins eyeing massive gains in 2025: Solana and Elluminex
The post Altcoins eyeing massive gains in 2025: Solana and Elluminex appeared on BitcoinEthereumNews.com.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana is set to register significant gains, backed by Trump’s executive order signing and the potential for Solana ETF approval; Elluminex seeks to mirror Solana’s meme rally. Crypto analyst Ali Martinez has predicted a Solana ETF approval by March 2025. This is a move that has seen the SOL token record a bullish outlook backed by President Trump’s recent signing of executive orders. With the rising bullish sentiment and an anticipated Solana ETF, can Solana’s recent uptrend momentum push it to $500? On the other hand, the TON blockchain has already demonstrated its potential through the success of different tap-based games, including Catizen and Notcoin. However, despite its potential, TON still faces usability challenges that could hinder broader adoption. However, Elluminex (ELX) aims to address these challenges by creating a unified DeFi hub tailored to the TON ecosystem. Solana forecast: Is $500 for SOL on the horizon? The much-anticipated Solana ETF approval, which Ali Martinez predicts could happen by March, is set to propel Solana’s price movement to new highs. Moreover, the team behind Trump’s meme coin has also increased its holding in Solana, highlighting a surge in the altcoin’s positive influence within the crypto market. The SOL price has already recorded a weekly rally of over 19% to hover above the $265 level. The simple moving average also suggests increased buying over selling pressure for the altcoin. The RSI, at 68, points to continuous uptrend momentum. If the bullish sentiment holds, the price of Solana could retest its resistance level of $270. Furthermore, if the positive influence intensifies, the SOL token could head toward an immediate price target of $300 before the month ends while eying the $500…
Filed under: News - @ January 30, 2025 4:20 pm