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 <p class="is-style-lead">Solana’s native SOL token has seen an 8% jump from yesterday’s low, taking price back above the $70 level. This comes amid <a rel="noopener noreferrer nofollow" title="rising" href="https://thebittimes.com/tag/rising.html">rising</a> <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> <a rel="noopener noreferrer nofollow" title="activity" href="https://thebittimes.com/tag/activity.html">activity</a> and transactions on the blockchain, helping push Solana’s market cap back above $30.5 billion. Meanwhile, the new altcoin Bitcoin Minetrix (BTCMTX) continues to gain ground in its viral <a rel="noopener noreferrer nofollow" title="presale" href="https://thebittimes.com/tag/presale.html">presale</a> phase, with many experts speculating it could pump after listing on mainstream exchanges.</p>
 <h2 class="wp-block-heading" id="strong-solana-rebounds-as-metrics-point-to-renewed-interest-strong"><strong>Solana rebounds as metrics point to renewed interest</strong></h2>
 <p>After a rocky 24 hours, Solana appears to be swiftly rebounding.</p>
 <p>SOL is up to $72.10, propelling Solana to the number six spot by market capitalization.</p>
 <p>This recovery has been fueled by a marked increase in trading volumes.</p>
 <p>Over $2.8 billion worth of SOL was traded globally in the past day alone – a sizable jump from Dec. 10.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/lllmdynFpZ86aXguMXQS3GQL28lglylVXWkQuFODkjbU_RJF-z-ociNLcxUJb-fdIDRVW3H1PS7qq_LLrMGlrAt2Rv2aQTWhT-YD1rzwIkT5NwMu-V3IP0rGphv0XhsZjsZkygK-WbY-MQ3E3MyJ3nY" alt="Solana rising as network activity spikes, BTCMTX presale gains momentum - 1">
 </figure>
 <p>Additionally, Solana’s volume-to-market cap ratio has surged to 9.40%, pointing to increasing investor interest.</p>
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 <p>From a technical <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> perspective, Solana had posted a long wick down to $67 on Dec. 10, with many experts believing that this was simply a “flushing out” of leveraged long positions.</p>
 <p>SOL tapped this area twice on Dec. 11 before <a rel="noopener noreferrer nofollow" title="rising" href="https://thebittimes.com/tag/rising.html">rising</a>, suggesting that the $67 level now acts as a support zone.</p>
 <p>Looking ahead, the next upside target for SOL bulls will likely be $77.80.</p>
 <h2 class="wp-block-heading" id="strong-rising-on-chain-activity-explains-solana-s-resurgence-strong"><strong>Rising on-chain activity explains Solana’s resurgence</strong></h2>
 <p>Despite its price troubles, there is a notable spike in Solana’s on-chain activity.</p>
 <p>The total value locked (TVL) in Solana decentralized finance (defi) protocols has jumped to $929 million, the highest level in over a year.</p>
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 <p>This renewed interest is also evidenced in Solana’s decentralized exchange (DEX) trading volumes.</p>
 <p>Over the past seven days, volume across all Solana DEXs has surged by nearly 143% – outpacing gains seen on competing chains like Ethereum (ETH).</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/qoZ0_bzHdw4EaiO0Z3-b1nN4bU2rmGpD1KrFdAUFgbuwA4QvPkqvz_covZxxGNYcDoDCkICxup9HlUdNAVfx62R0sK5NhiS9gNJ6x2jo6vr7qmpK6t7hpxAPeyG0y8BUIXPyEGRfvXng_q04PDRgN5w" alt="Solana rising as network activity spikes, BTCMTX presale gains momentum - 2">
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 <p>Experts believe that rising NFT demand has also fueled higher activity on Solana.</p>
 <p>In the last week, Solana’s NFT sales volume has rocketed 52%, with over 26,500 buyers.&nbsp;&nbsp;</p>
 <h2 class="wp-block-heading" id="strong-bitcoin-minetrix-presale-draws-investor-attention-strong"><strong>Bitcoin Minetrix presale draws investor attention</strong></h2>
 <p>As Solana shows signs of recovery, analysts are also looking at Bitcoin Minetrix.</p>
 <p>The project employs a “stake-to-mine” model that allows holders to passively earn Bitcoin (BTC) when they stake the platform’s tokens, BTCMTX.</p>
 <p>Unlike traditional mining, which demands technical skills and high investment, Bitcoin Minetrix aims to democratize the process so anyone can participate.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/Sf4ZVU5htYcRtTDw74t6AJRHjuUR3HASQMx5AEDVTrLwrrWWUlplX3M-10J8hHzSIpixgNlwm2XWOYaSjADlNsECBpWuDjhm9j4oZ2knQeJZUnN2G4BJUUoIiY1julvWJXlzGqJkPxGCXL7YhRyVtoY" alt="Solana rising as network activity spikes, BTCMTX presale gains momentum - 3">
 </figure>
 <p>By staking BTCMTX, users receive mining credits to redeem for either cloud mining time or a share of the eventual yields.</p>
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 <p>This model aims to provide ordinary crypto investors with BTC rewards.</p>
 <p>Bitcoin Minetrix has already attracted over $5.2 million in presale investment across multiple stages, meaning the project is over a third of the way to its soft cap goal.</p>
 <p>Presale demand has also helped Bitcoin Minetrix reach 9,100 followers on X.</p>
 <figure class="wp-block-image"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/aRIVtY1Pcv3Vuez1DQiAIkm8SxxwjHU0MveKnXrpfnfFrs5kjk_KyEJW-mqL-UZmhINj_dyXKCnuYwg97d-mmF9uHWWi-_Tu87dAHoDwgjoGExn1ZjDOW1ylnvp6g1YXXhqE98Mlpimm3RbVLMpBUX8" alt="Solana rising as network activity spikes, BTCMTX presale gains momentum - 4">
 </figure>
 <p>The project has also attracted crypto influencers, such as No Bs Crypto, who speculates that BTCMTX could rally once listed on exchanges.</p>
 <figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
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   <div class="rll-youtube-player" data-src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/XHaA9z4RwEY" data-id="XHaA9z4RwEY" data-query="feature=oembed" data-alt="Could &quot;Bitcoin Minetrix&quot; Be A 100X Meme Coin?"></div>
   <noscript><iframe title="Could &quot;Bitcoin Minetrix&quot; Be A 100X Meme Coin?" width="1020" height="574" src="https://thebittimes.com/image/getimage/?url=https://www.youtube.com/embed/XHaA9z4RwEY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
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 <p>While predictions like those from No Bs Crypto are speculative, they showcase the growing belief in Bitcoin Minetrix from experienced names in the industry.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/solana-rising-as-network-activity-spikes-btcmtx-presale-gains-momentum-tbt73457.html">https://thebittimes.com/solana-rising-as-network-activity-spikes-btcmtx-presale-gains-momentum-tbt73457.html</a></p>

Solana rising as network activity spikes, BTCMTX presale gains momentum

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