Analyst’s Prediction Points to $500 Amidst Network Stability and Growing Institutional Interest
The post Analyst’s Prediction Points to $500 Amidst Network Stability and Growing Institutional Interest appeared on BitcoinEthereumNews.com.
Solana (SOL) is picking up steam. Institutional interest is ramping up and analysts are predicting a potential surge to $500. At the same time, PlutoChain ($PLUTO) is stepping in to potentially solve Bitcoin’s biggest challenges — slow transactions, high fees, and limited functionality. As a Layer-2 solution, it could make BTC faster, cheaper, and more useful, which would then lead to real-world adoption. Here’s the latest on both projects. Can Solana (SOL) Reach $500 in 2025 as Institutional Interest Grows? Right now, Solana is trading at approximately $203.02, up 1% in the past 24 hours and 4% over the past week. One of the biggest developments for Solana is the SEC’s acknowledgment of Grayscale’s spot Solana ETF filing. If approved, this makes way for more institutional investors. At the same time, Solana’s Total Value Locked (TVL) has surged to $14.25 billion, and application revenue grew 213% in Q4 2024. The network has also hit a major milestone — one full year of uninterrupted uptime. After facing criticism in the past for outages, this achievement reinforces Solana’s reliability and scalability. Adoption is growing too, with more DeFi projects, NFT marketplaces, and developers choosing Solana for its speed and low fees. Crypto analyst Sheldon The Sniper predicts that Solana is preparing for a major breakout, with price targets ranging between $500 and $600 in its next rally. PlutoChain ($PLUTO): The Layer-2 Solution That Could Tap Into Bitcoin’s Full Potential by Making It Faster, Cheaper, and More Versatile When it comes to real-world usability, Bitcoin still faces some major hurdles. Slow transaction speeds, high fees, and network congestion make it impractical for daily use. That’s where PlutoChain ($PLUTO) could come in. As a Layer-2 network, it could offer faster transactions, lower fees, and expanded capabilities for Bitcoin. Instead of waiting 10 minutes for…
Filed under: News - @ February 15, 2025 5:17 pm