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Solana has gained significant traction since last year, having over 10 million active addresses for 8 weeks and counting. The data provided by X page Crypto Banter insisted that the number of unique active addresses did not directly reflect on the blockchain's user growth.
AI agents saw a 322% surge in market capitalization in Q4 2024, hitting $15.5 billion.
AI agents saw a 222% surge in market capitalization in Q4 2024, hitting $15.5 billion.
Solana price has remained on edge this month, tracking the performance of other Bitcoin and other altcoins. It has pared back some of the losses made on Monday as investors watch the ongoing trends in the DEX industry.
SOL and BNB showed positive signs hinting at the correction completion. Further confirmation is needed as the prices now reached key resistance levels.
Solana experienced an 11% price drop below $170 before recovering to $186, creating a technical framework centered around the $182 support level and $192 resistance, with market participants watching for a potential break above $210 to signal stronger recovery potential.
The crypto market remains mainly green today, according to CoinStats.
Solana has landed in a pretty unique position within the blockchain world, becoming the network of choice for artificial intelligence agents. A recent report from Franklin Templeton shows that around 70% of these virtual assistants depend on Solana's capabilities for their operations.
Banking giant JPMorgan has predicted that Solana and XRP ETFs could attract $14 billion in new investments in their first year if the Securities and Exchange Commission (SEC) gave the green light.
According to CoinMarketCap, Solana currently ranks sixth among the top largest crypto assets by market capitalization.
Solana and XRP ETFs are on track to receive approval in the United States. JPMorgan says these ETFs can attract billions of fresh money.
JPMorgan analysts predict XRP and Solana ETFs could attract up to $8 billion and $6 billion respectively in their first year, based on patterns seen with Bitcoin and Ethereum ETFs.
The cryptocurrency sector rose by 2.29% to $3.36 trillion as markets recovered, driven by a resurgent Bitcoin (BTC) crossed the $97,000 mark, up over 2% in the past 24 hours. BTC briefly dropped below $90,000 earlier in the week, spooking markets and leading to a considerable decline among cryptocurrencies.
JPMorgan's bullish Solana and XRP ETF projections sparked Futures activity and institutional interest post-report.
A Franklin Templeton report states that 70% of AI agents use Solana as their blockchain of choice due to its scalability and low transaction costs.
Solana (SOL) has experienced significant volatility recently, with a large crypto whale dumping over $21 million worth of tokens. Despite this, the altcoin appears to be holding steady and could see a strong recovery if it maintains key support levels.
JPMorgan expects significant inflows for XRP and Solana ETFs in 2025, predicting a combined $14 billion within six to 12 months if approved.
Solana (SOL) finds itself at a crucial juncture following a volatile day of trading. The price plunged over 11%, briefly dipping below the $170 mark before staging an impressive recovery.
Analysts from JPMorgan are very bullish on altcoin ETFs in 2025, claiming that XRP and Solana ETFs could attract $14 billion in inflows.
Expected Solana and XRP ETFs could attract sizable investment, JP Morgan analysts said, but it's unlikely they'll match the Bitcoin boom.
PENGU price has surged more than 9% in the last 24 hours, reclaiming the $2 billion market cap threshold. This rally solidifies its position as the second-largest meme coin on Solana, trailing BONK closely in a fierce competition for the top spot.
Issuers like VanEck, 21Shares, Bitwise, WisdomTree and Canary Capital are all seeking to launch new altcoin ETFs later this year.
The supply of USDC grows through partnerships with traditional financial operators. Solana also plays a role for USDC adoption for the new wave of users drawn in by meme tokens.
JPMorgan Chase expects that potential Solana (SOL) and XRP exchange-traded funds (ETFs) could see multi-billion dollar inflows. VanEck's head of digital asset research Matthew Sigel reports on the social media platform X that JPMorgan says SOL and XRP ETFs could attract up to $16 billion in total.
