Solana’s Impressive Surge Continues
Solana’s (SOL) price has surged past $35 as its strong uptrend continues, buoyed by growing developer activity and institutional interest.
The layer-1 blockchain has become one of the hottest in the industry, positioning itself as a major rival to Ethereum (ETH) going forward.
Meanwhile, the Bitcoin Minetrix (BTCMTX) ICO continues to gather pace and has now surpassed the $2.7 million milestone as investor interest grows.
Solana Price Pumps to $35 as Bulls Take Control
At the time of writing, the SOL price is hovering just below $35 after tapping the level earlier today.
SOL has experienced strong gains for two weeks, reaching its highest value since October 2022.
The SOL price has soared above its 50-day Exponential Moving Average (EMA) on the weekly time frame, clearly indicating a shift to a bullish trend.
Additionally, SOL has broken the critical resistance zone around $32 – now using it as support for the next upward leg.
Solana’s bullishness has left the crypto community buzzing, with CoinGecko sentiment analysis showing that more than 84% of users are “feeling good” about the token.
The change in investor sentiment can also be seen in Solana’s spot trading volume, which has increased by 168% since yesterday, reaching over $1 billion.
This ranks Solana as the sixth most-traded cryptocurrency globally, ahead of major players like XRP (XRP) and Chainlink (LINK).
VanEck Predicts Solana Price Could Reach $3,200 by 2030 as Adoption Grows
Adding to Solana’s bullishness is a recent report by asset management firm VanEck, which forecast that SOL could trade between $9.81 and $3,211.28 by 2030.
VanEck believes that Solana has the potential to become the first blockchain with over 100 million active users, which would significantly drive up demand and value for the network and its native token.
The report illustrates Solana’s potential to gain ground on Ethereum in the coming years as it continues to onboard developers and applications rapidly.
VanEck’s forecast sees Solana achieving a market cap of between $5 billion and $1.6 trillion by 2030, based on different potential scenarios of user and transaction growth.
However, the report notes there are still risks around competition from other layer-1 chains, along with regulatory uncertainty and the long-term sustainability of Solana’s Proof-of-History consensus mechanism.
Regardless, VanEck’s highly bullish report has been welcomed by the Solana community – contributing to SOL’s explosive upside movements in the past few days.
Bitcoin Minetrix Presale Raises $2.7 Million as Investors Flock to Groundbreaking Stake-to-Mine Platform
Although Solana has been grabbing all the headlines, several new projects are launching that could offer similar (or better) growth prospects than SOL.
One such project being touted for big things is Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform currently raising funds through a presale.
Bitcoin Minetrix’s platform aims to streamline the process of BTC mining by allowing users to stake BTCMTX, its native token.
Stakers will receive non-tradable credits, which can then be exchanged for mining power or a portion of mining yields.
This innovative “Stake-to-Mine” setup removes the barriers of high hardware costs and technical complexity that have traditionally made Bitcoin mining out of reach for everyday investors.
During Bitcoin Minetrix’s ongoing presale, BTCMTX tokens are priced at $0.0113, offering investors an entry at a low cost before the full launch.
So far, the presale has raised an impressive $2.7 million from contributors eager to get their hands on BTCMTX.
Early backers can even stake their tokens instantly to obtain yields of 215% per year – a setup that has led to over 193 million BTCMTX tokens pledged already.
Unsurprisingly, these features have prompted a massive response from the crypto community, evidenced by over 3,600 people joining the official Bitcoin Minetrix Telegram channel in recent weeks.
With high-profile exchange listings already in the works for once the presale ends, Bitcoin Minetrix looks to have an exciting future ahead.
Prospective investors can buy BTCMTX tokens through the official Bitcoin Minetrix website using ETH, USDT, or a credit/debit card.
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