Solana

Jupiter

Helium

Pyth Network

<h4>Did you hear that Grayscale just <a href="https://www.grayscale.com/blog/general-updates/assets-under-consideration-current-products" target="_blank" rel="noopener noreferrer nofollow">listed</a> three Solana ecosystem coins on their ‘under consideration’ list?&nbsp; Yeah, that’s right. Big news for Solana. And it’s not the first time Grayscale has shown interest in altcoins. </h4>
Back in August, they launched the Grayscale SUI Trust, and since then, SUI has <a href="https://coinmarketcap.com/currencies/sui/#Chart" target="_blank" rel="noopener noreferrer nofollow">surged</a> nearly 300%, with an over 20% jump just in October, hitting a new high of $2.36. With this kind of momentum, Solana is positioned to explode in this bull run Today, we’re breaking down those three high-potential Solana gems, checking if they’re worth holding, and sharing our thoughts on their growth potential in this bull market. Let’s see more about these crypto investment opportunities.
<h5>1) Jupiter ($JUP)</h5>
First, we are talking about <a href="https://www.coingecko.com/en/coins/jupiter" target="_blank" rel="noopener noreferrer nofollow">$JUP</a>. Jupiter is a decentralized exchange aggregator. Their job is to help users find the best token prices across multiple platforms, ensuring they get the most value.&nbsp;
<a href="https://jup.ag/" target="_blank" rel="noopener noreferrer nofollow">Jupiter</a> is a big deal within Solana. And currently handles the highest trading volume of all Solana exchanges, according to <a href="https://dappradar.com/rankings/protocol/solana/category/exchanges" target="_blank" rel="noopener noreferrer nofollow">DappRadar</a>. They’ve also been trending lately within the Solana ecosystem. Why’s that? First, they play a serious role in how effective DeFi is on Solana. Jupiter streamlines trading and asset management on Solana which is really important as Solana continues to expand.&nbsp;
<blockquote class="twitter-tweet">
 Let’s grow the hell out of Solana:
 Jupiter is committed to helping Solana grow and thrive via 5 main Solana only initiatives:
 Jupiter Spot/Perps: The best in defi, most comprehensive spot and perps platform. Make Solana the trading hub of crypto.
 Jupiter Mobile: The best…
 — Jupiter <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1fa90.png" alt="🪐" style="height: 1em; max-height: 1em;"> (@JupiterExchange) <a href="https://twitter.com/JupiterExchange/status/1848319130715512997?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 21, 2024</a>
</blockquote>

The numbers also testify to Jupiter’s importance within Solana. Just this month alone, Jupiter <a href="https://defillama.com/protocol/jupiter#information" target="_blank" rel="noopener noreferrer nofollow">generated</a> over $3.38 million in fees and secured $1.32 billion in total value locked (TVL). Another reason they have the spotlight is their system of sharing fees with their community. Some believe Jupiter’s $JUP has the potential to rival Uniswap in the long run.&nbsp;
We’ve also noticed a lot of exciting activities within the Jupiter community. They recently extended their Active Staking Rewards program for another year. This reflects their commitment to rewarding their community.&nbsp;
<blockquote class="twitter-tweet">
 JUP airdropped close to $1.75bn to the community through JUPUARY 1.
 They also constantly give back to the community through ASR rewards, and ASR 2 is live for claim.
 Here’s how much <a href="https://twitter.com/JupiterExchange?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@JupiterExchange</a> has given and what to expect for JUPUARY 2 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9f5.png" alt="🧵" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f447.png" alt="👇" style="height: 1em; max-height: 1em;"> <a href="https://t.co/YvIjj4d2L4" rel="noopener noreferrer nofollow">pic.twitter.com/YvIjj4d2L4</a>
 — bettercallSOL (@chern0xbyll) <a href="https://twitter.com/chern0xbyll/status/1848384672306205125?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 21, 2024</a>
</blockquote>

Now, is $JUP worth holding? And what’s the potential like? We saw some positive responses to the news of Grayscale listing $JUP as a possible investment option.&nbsp; $JUP surged by over 10% shortly after that. We know how large asset managers like <a href="https://x.com/SolanaFloor/status/1845788743090970639" target="_blank" rel="noopener noreferrer nofollow">Grayscale</a> can bring the spotlight on projects.&nbsp;
Although nothing is set in stone, it makes sense that you keep an eye on $JUP. It’s better to move than to be sorry. If Grayscale decides to back JUP, it could attract institutional investors. Besides, Jupiter is also one of the bedrocks for Solana’s growth. And we expect Solana to go crazy this bull run. If that happens, Jupiter will surge in price.&nbsp; So, Jupiter is a high-potential gem for 2 reasons:
<ol>
 <li style="font-weight: 400;">Grayscale’s potential backing.</li>
 <li style="font-weight: 400;">Its role within Solana.</li>
</ol>
Getting $JUP could give you a win-win situation. 
<h5>2) Pyth Network (PYTH)</h5>
The next on our list is <a href="https://www.pyth.network/" target="_blank" rel="noopener noreferrer nofollow">Pyth Network</a>. PYTH is a financial oracle network. These guys play one of the most important jobs in blockchain. PYTH is a real-time data provider for over 70 blockchains. Like every oracle, Pyth delivers accurate and secure market data from exchanges, market makers, and financial services.&nbsp;
Pyth is currently the <a href="https://www.coingecko.com/en/categories/oracle" target="_blank" rel="noopener noreferrer nofollow">second-largest oracle</a> by market cap, right behind Chainlink. But what sets Pyth apart is its focus on financial data. While other oracles cover all sorts of data, Pyth zeroes in on the financial sector.&nbsp; Pyth ensures smart contracts get reliable and updated financial data. Pyth covers everything from digital assets to equities, ETFs, forex, and commodities.&nbsp; Over 400 apps use Pyth data. This includes:
<ul>
 <li style="font-weight: 400;">Lending platforms.</li>
 <li style="font-weight: 400;">Derivatives.</li>
 <li style="font-weight: 400;">DEXs.</li>
</ul>
<blockquote class="twitter-tweet">
 Price feeds on <a href="https://twitter.com/PythNetwork?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@PythNetwork</a> are updated every 200 milliseconds.
 Price feeds on <a href="https://twitter.com/chainlink?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@chainlink</a> are updated every 5 seconds.<a href="https://twitter.com/search?q=%24PYTH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PYTH</a> price feeds are 25x faster than <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> transactions are 200x faster than <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> <a href="https://t.co/38yWgRuukQ" rel="noopener noreferrer nofollow">pic.twitter.com/38yWgRuukQ</a>
 — gnarleyquinn (@gnarleysol) <a href="https://twitter.com/gnarleysol/status/1848627322267832380?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 22, 2024</a>
</blockquote>

Pyth’s biggest flex is that it gets its data directly from exchanges and financial institutions, not third-party aggregators like CoinGecko or CoinMarketCap. That’s a big deal when accuracy and speed matter. Major names like:
<ul>
 <li style="font-weight: 400;">Jane Street.</li>
 <li style="font-weight: 400;">Binance.</li>
 <li style="font-weight: 400;">OKX.</li>
 <li style="font-weight: 400;">CBOE.</li>
 <li style="font-weight: 400;">Bybit contributes data directly on Pyth.&nbsp;</li>
</ul>
We’ve also been following their community, and it’s buzzing with lots of updates. One of the major excitement there is for <a href="https://coinmarketcap.com/currencies/pyth-network/" target="_blank" rel="noopener noreferrer nofollow">$PYTH</a> holders.&nbsp; The new Oracle Integrity Staking has stirred excitement among token holders.&nbsp; You can now stake your $PYTH tokens and earn rewards while also taking part in governance. So far, over 700K $PYTH has been distributed as a reward.&nbsp;
<blockquote class="twitter-tweet">
 768K PYTH staking rewards have been distributed to stakers helping to protect DeFi through Oracle Integrity Staking.
 Ready to get started? See link below: <a href="https://t.co/kuS5rDkdIR" rel="noopener noreferrer nofollow">pic.twitter.com/kuS5rDkdIR</a>
 — Pyth Network <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f52e.png" alt="🔮" style="height: 1em; max-height: 1em;"> (@PythNetwork) <a href="https://twitter.com/PythNetwork/status/1846883997626093641?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 17, 2024</a>
</blockquote>

Now, is $PYTH worth holding? Absolutely. In the past 30 days, $PYTH has surged more than 10%, likely thanks to the recent Grayscale buzz. The potential is clear. Oracles play an important role in blockchain. And Pyth is one of the top players in this space. Add Grayscale’s interest, and you’ve got something that could take off in this bull run.
<h5>3) Helium Network (HNT)</h5>
Our final high-potential Solana gem is the <a href="https://www.helium.com/" target="_blank" rel="noopener noreferrer nofollow">Helium Network</a>. Helium is known for its decentralized wireless infrastructure, offering a unique way to power the Internet of Things (IoT) by using blockchain technology. But here’s where it gets really interesting—Helium doesn’t rely on traditional cell towers or internet providers. Instead, it uses a community-powered network of hotspots that allow users to earn HNT tokens by providing coverage.
If Grayscale is interested in the <a href="https://www.coingecko.com/en/categories/internet-of-things-iot" target="_blank" rel="noopener noreferrer nofollow">IoT sector</a>, it makes sense for Helium to be its target. Why? Helium is the second-largest IoT project by market cap. Helium has built one of the largest decentralized wireless networks in the world, with thousands of hotspots in over 180 countries. These hotspots create a cost-effective and energy-efficient alternative to traditional wireless providers.
<blockquote class="twitter-tweet">
 245k Americans used the <a href="https://twitter.com/helium?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@helium</a> network in the last day and probably didn’t even realise. Hotspots can act like mini cell-towers for cell offload <a href="https://t.co/MJb0btXWer" rel="noopener noreferrer nofollow">pic.twitter.com/MJb0btXWer</a>
 — pete <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2601.png" alt="☁" style="height: 1em; max-height: 1em;"> (@PeterDJMain) <a href="https://twitter.com/PeterDJMain/status/1848041711567540288?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 20, 2024</a>
</blockquote>

In terms of future potential, Helium’s reach is expanding fast. The project recently introduced 5G coverage, which opens up even more use cases, especially in urban areas. As more industries adopt IoT solutions, Helium’s decentralized model could become a major player in this space. And with the possibility of Grayscale backing it, Helium’s visibility and demand are likely to surge.
<blockquote class="twitter-tweet">
 2 major US cellular carriers are testing offload onto the Helium Network and these stats look fantastic!
 Decentralized deployments of wireless telecom infrastructure are the first principles correct way to expand network capacity, now the MNOs see that too. <a href="https://t.co/mND2tcw8ni" rel="noopener noreferrer nofollow">https://t.co/mND2tcw8ni</a>
 — Tushar Jain (@TusharJain_) <a href="https://twitter.com/TusharJain_/status/1821943819614462190?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 9, 2024</a>
</blockquote>

That’s it for today. Holding the gems on this list is a smart move for your <a href="https://www.altcoinbuzz.io/?s=portfolio" target="_blank" rel="noopener noreferrer nofollow">portfolio</a>. Institutional interest like this isn’t just a headline—it’s a signal. When heavyweights like Grayscale get involved, they bring credibility, exposure, and fresh capital into the ecosystem. 
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<h6>Disclaimer</h6>
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/grayscale-flags-3-solana-altcoins-for-crypto-investments/" rel="noopener noreferrer nofollow">Grayscale Flags 3 Solana Altcoins for Crypto Investments</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.

Grayscale Flags 3 Solana Altcoins for Crypto Investments

Altcoin Buzz

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