Token

Solana

Bitcoin

Rise

The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/press-release/solana-price-prediction-is-50-coming-as-this-bullish-token-hits-2-8m/">Solana Price Prediction as SOL Continues to Rise – Is $50 Coming as This Bullish Token Hits $2.8m</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a>
Solana (SOL) has been on a tear in recent weeks, gaining over 73% since October 12.
Given Solana’s increasing popularity in the blockchain space, many believe SOL could hit $50 in the coming weeks if the momentum continues.
Meanwhile, the hot new Stake-to-Mine platform Bitcoin Minetrix (BTCMTX) continues to gain traction during its presale phase – and has now raised over $2.8 million in early investment.
<h2 class="wp-block-heading" id="h-vaneck-predicts-over-10-000-gains-for-sol-as-adoption-ramps-up">VanEck Predicts Over 10,000% Gains for SOL as Adoption Ramps Up</h2>
SOL is currently trading around the $36.40 level, with the token’s bullish momentum showing no signs of slowing down.
Driving much of this bullish sentiment is an<a href="https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vanecks-base-bear-bull-case-solana-valuation-by-2030/" target="_blank" rel="noopener noreferrer nofollow"> optimistic new report from VanEck</a>, which predicts SOL could surge as much as 10,600% to over $3,000 by 2030.
VanEck believes Solana has the potential to become the first blockchain with over 100 million users, which would significantly boost adoption and price.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/KMd9BGe7r1VcZiB7F_sJc4XuL8KFsxdqgctRmeKnbPzVZwhCuqwSjKIRMQDfby4CsB343PfQfq425Tk80v274pXKKM4_pMstdNfP3ZoX6JH7FaXUXFJh36tkAP7Kn7EZSlx5KS_WK7pp7hXO1g7bUuA" alt="">
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The report contends that if momentum continues, Solana could narrow the gap with Ethereum in the coming years.
With major institutions like VanEck voicing such confidence in Solana’s future, it’s no wonder investors are piling into SOL ahead of further expected gains.
Investors are still wary of a pullback, which often happens after such a sharp rise, yet the prevailing sentiment seems to lean towards long-term optimism.
This optimism is buoyed further by SOL’s spot trading volume<a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow"> increasing by 34% in the past day</a> – hitting over $1.2 billion.
<h2 class="wp-block-heading" id="h-solana-price-continues-surging-as-bulls-target-50-this-year">Solana Price Continues Surging as Bulls Target $50 This Year</h2>
With Solana’s price continuing to rise, many investors are wondering how high SOL can climb by the end of 2023.
Based on current momentum and bullish projections, Solana could hit $50 before the year ends.
SOL is already up 71% in October alone, showing no signs of slowing down, even after such exponential gains.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/vUtNVgVZqutuGXA-4cBWhf6ebkxjgvf7lhV8UENBA7bq_rMHpq7MEZauc80aBTS-DKFGo5KdtnDlCUZBx7dcqoqDULuD1j8dZthLkVDUXaSzxnMFTdDEJgXKCxGg5k-w60lkx-0ycpFgm6cmUHMXjDo" alt="">
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Zooming out on the technicals reveals an extremely bullish picture, with SOL remaining in a strong uptrend across all major time frames.
The range between $31 and $32 also provides strong support for SOL – so unless the market sees a significant correction, the path of least resistance appears to be upwards.
With on-chain metrics also looking healthy<a href="https://www.step.finance/reports/solana-q3-report" target="_blank" rel="noopener noreferrer nofollow"> and developer activity increasing</a>, a rally to $50 looks achievable since it would only represent another 36% push.
Taking all these factors into account, the overall outlook for Solana remains highly optimistic – making it a great time to be a SOL holder.
<h2 class="wp-block-heading" id="h-bitcoin-minetrix-presale-hits-2-8-million-as-stake-to-mine-concept-wows-investors">Bitcoin Minetrix Presale Hits $2.8 Million as Stake-to-Mine Concept Wows Investors</h2>
Alongside Solana, another exciting project making waves in the crypto space is<a href="https://coinpedia.care/b_btcmtx_43644?referrer=solana-price-prediction-as-sol-continues-to-rise-%E2%80%93-is-$50-coming-as-bitcoin-minetrix-hits-$28m" target="_blank" rel="noopener noreferrer nofollow"> Bitcoin Minetrix (BTCMTX)</a>, a decentralized cloud mining platform that lets users stake tokens to earn mining rewards.
Bitcoin Minetrix recently hit a significant milestone by surpassing $2.8 million in its ongoing presale
This impressive presale performance highlights the strong interest in Bitcoin Minetrix’s innovative “Stake-to-Mine” concept, which aims to make BTC mining accessible to everyone.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/l35TvLSBuHyzCW4zaTItigKQj-NHSuHkQrKBdYPN3SFYRTPKhX1-lEg7zZN01jiYPKOWQ7lLdLd1XGNDwBnVA_IbZXootcvvezGvaK2QtlH7caNyYDMl-VTwhGstvIwBfPTtiqZdT2QiEzbL5GtfjuA" alt="">
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Alongside this mechanism, Bitcoin Minetrix also provides <a href="https://bitcoinminetrix.com/en/dashboard" target="_blank" rel="noopener noreferrer nofollow"> high APY staking rewards of 204%</a>, adding to its early appeal.
With a clear roadmap and major exchange listings planned for once the presale concludes, the project is beginning to attract attention from investors worldwide.
Over 3,700 people regularly participate in <a href="https://twitter.com/bitcoinminetrix?s=21" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Minetrix’s Telegram channel</a>, while the <a href="https://twitter.com/bitcoinminetrix?s=21" rel="noopener noreferrer nofollow">project’s official X (formerly Twitter) account</a> boasts an audience of 5,000.
BTCMTX has even been ranked top on <a href="https://coinsniper.net/" target="_blank" rel="noopener noreferrer nofollow"> CoinSniper’s list of upcoming ICOs to watch</a>.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/EBsKLOEdNXhVDFVNG5dZI49rqIuce3Ns6Kzv4SWqh7_9mZFT_m4IMD9WK64CSlNFeyctxwy25kc4SNkAQ3uRyMByJQ0CFbaVdQkbtpRCbHiwMw6Y6PmPpfksjaMY6POsy4EL3pPxAMiHLyfd3TYpsBI" alt="">
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To capitalize on growing engagement, Bitcoin Minetrix’s developers have launched a $30,000 “Minedrop” giveaway, in which ten lucky winners will each receive $3,000 worth of BTCMTX.
Putting everything together, Bitcoin Minetrix seems well-positioned for future growth, bolstered by solid presale performance, community engagement, and a groundbreaking approach to decentralized mining.
Investors can <a href="https://coinpedia.care/b_btcmtx_43644?referrer=solana-price-prediction-as-sol-continues-to-rise-%E2%80%93-is-$50-coming-as-bitcoin-minetrix-hits-$28m" target="_blank" rel="noopener noreferrer nofollow">buy BTCMTX tokens</a> through the presale for $0.0113 using ETH, USDT, or a credit/debit card.&nbsp;

Solana Price Prediction as SOL Continues to Rise – Is $50 Coming as This Bullish Token Hits $2.8m

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