Analysts Predict Solana’s $140 Potential as Tron and Exciting New Presale Rises
The post Analysts Predict Solana’s $140 Potential as Tron and Exciting New Presale Rises appeared on BitcoinEthereumNews.com.
Press Releases are sponsored content and not a part of Finbold’s editorial content. For a full disclaimer, please . If you encounter any issues, kindly report them to [email protected]. Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest. The current dynamics of the cryptocurrency market have sustained a high level of anticipation among crypto investors. Solana (SOL) has been highlighted in particular by analysts to hit the $140 mark potentially. Tron (TRX) has also been backed to transition well, but an exciting new presale has been the center of attraction as many established investors are seen participating in the presale. Let’s consider these projects, their recent developments, and possible performance. Also known as the “speedster,” Solana has shown great improvement in recent months. Its upward trajectory saw it break through the $100 barrier in January and still holds its bullish patterns on the chart. Analysts are now predicting a possible $140 due to several strong indications. Solana’s growing adoption is first on the list as new projects and developers continue to join the network rapidly. The increase in adoption puts pressure on demand for SOL tokens, driving its price up. Solana has also benefited largely from the NFT boom. Its increased NFT activity in recent times places it among users’ platforms of choice. This is reflected in its increased revenue recorded due to significant NFT minting and trading volumes, generating more revenue and further boosting the token’s value. The increased institutional participation on the network further endorses the bullish sentiment around SOL. When a couple of “big players” in the space place their money on a project, the majority with lower capital power follow suit. Tron is that big player on the field with relative silence till it needs to make…
Filed under: News - @ February 22, 2024 12:22 pm