2025-02-07 08:00:01 by cryptodnes

07.02.2025 10:00 2 min. read Alexander Stefanov SHARE: 0 SHARES Solana’s growing influence in the crypto sector has positioned it as one of the most promising blockchain networks. VanEck believes Solana has the potential to reach $520 by year’s end, attributing this forecast to its expanding role in the smart contract sector. Analysts at the firm argue that Solana’s growth aligns with broader macroeconomic trends, particularly the M2 money supply, which they estimate will reach $22.3 trillion by late 2025. If the smart contract platform market cap rises to $1.1 trillion as projected, and Solana’s share increases from 15% to 22%, the asset could hit a $250 billion market cap, translating to the ambitious price target. Beyond market dynamics, Solana’s ecosystem is evolving rapidly, attracting new users through its thriving memecoin sector and decentralized finance activity. Tokens like TRUMP and MELANIA have fueled engagement, while the network’s Q4 revenue surged by 213% to $840 million. DeFi participation remains strong, with a Total Value Locked (TVL) of nearly $19.54 billion. Another key factor driving optimism is the growing push for a Solana ETF. VanEck, alongside other firms like Bitwise and 21Shares, has filed applications for a spot ETF, which could channel institutional capital into the ecosystem if approved. Despite these bullish indicators, SOL has faced short-term volatility, recently dipping to $190.04 as Bitcoin’s price slipped below $98,000. For VanEck’s prediction to materialize, Solana would need to rally by 170%, a possibility that its proponents see as realistic given its accelerating adoption and expanding market influence. SHARE: 0 SHARES More Altcoins News Memecoins Suffer Huge Loss as Market Faces Turmoil Meme coins, once riding high on speculative hype, have suffered a sharp decline in the past few weeks, shedding $44 billion from their market cap. 07.02.2025 18:30 1 min. read Alexander Zdravkov Bitcoin and Altcoins Struggle as U.S. Jobs Data Falls Short of Expectations Bitcoin (BTC) and other altcoins have experienced significant drops recently, with a notable impact from new tariff actions taken by Donald Trump. 07.02.2025 16:30 1 min. read Alexander Stefanov Here Are the Altcoins Crypto Whales Are Buying Right Now In recent days, Bitcoin and other altcoins have faced significant price drops due to heavy selling pressure, but large investors, often referred to as “whales,” have been seizing the opportunity to buy up numerous altcoins, including some of the most popular ones. 07.02.2025 16:00 1 min. read Kosta Gushterov Galaxy Digital CEO Criticizes Ethereum’s Struggles Amid Regulatory Pressure Mike Novogratz, the CEO of Galaxy Digital, recently raised concerns about Ethereum’s performance, expressing disappointment over its lag behind competitors like Bitcoin and Solana. 07.02.2025 15:00 1 min. read Alexander Stefanov QR for the Bitcoin/Ethereum Address: QR for the Bitcoin/Ethereum Address: