Solana Takes ‘Lion’s Share’ in Top 10 Crypto YTD Performance — SOL Eyeing $3,000 Price by 2030

Solana Takes ‘Lion’s Share’ in Top 10 Crypto YTD Performance — SOL Eyeing $3,000 Price by 2030
фото показано с : zycrypto.com

2023-11-2 00:46

As a green picture continues to be painted in the crypto market, Solana (SOL) is stamping its authority in the digital asset space as the coin with the highest year-to-date gain.

According to CoinGecko, SOL leads the pack with a 214% YTD increase in the top ten crypto list, with Bitcoin (BTC) and Chainlink (LINK) taking the second and third spots, respectively.

Source: CoinGecko

As the seventh largest cryptocurrency based on market cap, SOL has enjoyed bullish momentum as more investors continue jumping on the Solana bandwagon.

For instance, investment products on the Solana network experienced a 74.1% increase in October 2023 after hitting a whopping $140 million, according to CCData.

Source: CCData

The total value locked (TVL) on Solana’s decentralized finance (DeFi) market has been experiencing a notable surge, based on DefiLlama data.

Source: DefiLlama

DefiLlama highlighted that the TVL on the Solana blockchain has scaled heights after hitting $378 million. Notably, Solana’s TVL had nosedived to lows of $210 million this year, representing an 80% surge.

TVL depicts the dollar value of crypto assets embedded in smart contracts. Therefore, a rise in Solana’s TVL is bullish, given that it depicts heightened investor confidence about the protocol’s future.

Furthermore, TVL slashes the available supply, meaning that Solana is experiencing low selling pressure.

Is Solana Eyeing the $3,000 Level by 2030?

If Solana’s user base hits 100 million, leading crypto asset management company VanEck believes SOL could skyrocket to $3,211, representing a 10,000% surge.

Nevertheless, VanEck highlighted that a bearish scenario could see Solana trade below the psychological price of $10.

Therefore, based on this prediction, VanEck expects Solana to become the first blockchain to be able to hold at least 100 million users.

Solana continues to make airwaves in the crypto space thanks to various sector developments, such as decentralized finance.

For instance, leading asset manager Coinshares recently highlighted that SOL was the most preferred altcoin based on soaring inflows, as reported by ZyCrypto.

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Solana (SOL) на Currencies.ru

$ 198.65 (+0.28%)
Объем 24H $3.539b
Изменеия 24h: 6.45 %, 7d: 1.47 %
Cегодня L: $188.32 - H: $198.65
Капитализация $95.298b Rank 6
Доступно / Всего 479.724m SOL

solana crypto sol highest market year-to-date painted

Источник: zycrypto.com

solana crypto → Результатов: 126


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Платформа NFT DeGods и проект y00ts сообщили о переходе с блокчейна Solana на альтернативные сети. Владелец YouTube-канала Bitboy Crypto считает, что экосистема Solana уже мертва.

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Solana Foundation и венчурная фирма Jump Crypto объединили усилия для создания клиента-валидатора для повышения децентрализации и производительности блокчейна Solana. Firedancer is now 🔥💃 We’re excited about the opportunity to help scale the Solana network by engaging our strong-arm in research and development.

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Crypto-margin trading platform Evolve lists LINK, DOGE, SOL, BNB & DOT

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Citadel Founder Says Regulating Crypto Will Make It “A Smaller Market” And “That’ll Be Good”

The billionaire's Wellington hedge fund beat S&P 500’s 16% return by a mere 2.5% this year through September while Bitcoin rose 68%, Ethereum 363%, Solana 8914%, and Dogecoin 4055% YTD. The post Citadel Founder Says Regulating Crypto Will Make It “A Smaller Market” And “That’ll Be Good” first appeared on BitcoinExchangeGuide.

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