Solana and MAGACOIN FINANCE Lead July’s Top Gainers as Layer-1s Regain Investor Interest
The post Solana and MAGACOIN FINANCE Lead July’s Top Gainers as Layer-1s Regain Investor Interest appeared on BitcoinEthereumNews.com.
Disclaimer: This content is a sponsored article. Bitcoinsistemi.com is not responsible for any damages or negativities that may arise from the above information or any product or service mentioned in the article. Bitcoinsistemi.com advises readers to do individual research about the company mentioned in the article and reminds them that all responsibility belongs to the individual. Layer-1 blockchains are back in focus this July, with Solana (SOL) and MAGACOIN FINANCE emerging as top performers. While Solana is riding a wave of institutional momentum, MAGACOIN FINANCE is quietly capturing attention with its community-first model and impressive presale ROI projections. Solana Rallies on ETF Momentum and Technical Breakout Solana is continuing its upward trajectory after breaking out of a long-term falling wedge and holding key support at $144 earlier this week. Despite broader market softness yesterday, SOL dipped just 3%, signaling resilience that analysts attribute to strong investor confidence. As of this writing, Solana is trading at $147, marking a 1.9% daily loss. According to CoinGlass, the long-to-short ratio among Binance’s top traders is 2.49, meaning they hold 2.5 times more long positions than shorts on SOL. Adding to the bullish narrative, crypto strategist Ali Martinez has identified a textbook cup-and-handle formation on Solana’s higher timeframes. He projects a breakout could push SOL toward $3,000 and potentially higher. Institutional interest is also gaining traction. The recently launched REX Shares Solana Staking ETF recorded strong trading volume within its first 48 hours. Meanwhile, JPMorgan analysts estimate between $3 billion and $6 billion in potential inflows once spot Solana ETFs receive SEC approval. Further underscoring investor appetite, CME Solana Futures open interest surged to a record $167 million following the ETF’s debut. If Solana can break through resistance levels at $180 and $240, analysts believe a path toward a new all-time high is within…
Filed under: News - @ July 12, 2025 12:20 pm