The post Solana Price Prediction: Why Does This Analyst Believe Solana Is About to Hit $264 and Then Shoot for an ATH? appeared first on Coinpedia Fintech News
Solana is showing signs of recovery and analysts are spotting an upward trend as buyers hold key support levels. If this momentum continues, there could be more growth. We’ll cover the predictions in detail below.
We’ll also talk about PlutoChain ($PLUTO), a cutting-edge hybrid Layer-2 solution for Bitcoin that could make it more useful for everyday payments and new applications.
Here’s what you need to know about these projects.
Solana Price Prediction: Can Solana Reach $264 Soon and Push for a New All-Time High?
Right now Solana is trading at around $190.37, down 2.13% in the last 24 hours. The price has ranged between $189.96 and $195.91 during this period. Solana’s current market cap is approximately $93 billion.
Solana has been showing signs of recovery after a rough month and gaining some momentum in the past week. Analysts believe this uptrend could continue, with the potential for a significant price surge if key levels hold.
Crypto expert Ali Martinez points out that Solana is following an upward trend within a parallel channel. This means that despite recent dips, the overall movement suggests steady growth.
The price recently bounced off a key support level, which could indicate that buyers are stepping in to push it higher.
If this trend continues and Solana breaks through resistance, it could climb even further. However, if it falls below the current support, the next major level would be crucial in determining whether the rally can continue.
Another analyst GeryCat predicts that Solana will rise to at least $250, with an ideal target of $300.
PlutoChain ($PLUTO) Is the High-Speed, Low-Cost Hybrid Layer-2 Solution That Could Turn Bitcoin Into a Scalable and Versatile Ecosystem
With only about seven transactions per second and confirmation times that can stretch to 10 minutes or more, Bitcoin often feels too sluggish and expensive for small purchases or fast payments—especially when network congestion drives fees even higher.
Fortunately, PlutoChain ($PLUTO) might be able to fix these issues. As a Layer-2 solution, it could make Bitcoin faster, cheaper, and more versatile. By processing transactions off the main Bitcoin chain, PlutoChain could reduce congestion and enable near-instant confirmations.
With block times of just two seconds, it could turn Bitcoin into a practical option for everyday spending, cross-border payments, and microtransactions.
Lower fees are another major benefit. Right now, Bitcoin’s high costs make sending small amounts impractical. PlutoChain could help cut transaction fees and make Bitcoin transfers more affordable for both individuals and businesses.
But, PlutoChain isn’t just about payments. It’s Ethereum Virtual Machine (EVM)-compatible, meaning developers could build DeFi apps, NFT platforms, and other blockchain tools on top of it. This could unlock a whole new world of use cases for Bitcoin beyond just being a store of value.
PlutoChain’s testnet has processed over 43,200 transactions in a single day, which showcases its ability to handle high demand and scale efficiently. Security is also a priority. PlutoChain has been audited by SolidProof, QuillAudits, and Assure DeFi to ensure a strong defense against vulnerabilities.
It also introduces decentralized governance and allows users to vote on upgrades. This could give the community more control over Bitcoin’s future. With faster transactions, lower fees, and expanded functionality, PlutoChain could be the key to making Bitcoin more practical and powerful than ever before.
Closing Thoughts
Solana continues to climb on an upward trend. Analysts are optimistic about a potential breakout as buyers hold strong at key levels.
Meanwhile, PlutoChain might tackle Bitcoin’s biggest challenge—scalability. With faster transactions, Ethereum compatibility, and decentralized governance, it could do more than just speed up Bitcoin.
It could turn it into a versatile, community-driven ecosystem and expand its use beyond just an asset for holding wealth.
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Disclaimer: It’s important to note that participating in presales carries risks, including market volatility and potential project delays. Please conduct thorough research, understand the risks of market volatility, and seek professional advice before engaging with any blockchain project. Future-oriented statements are speculative and may not be modified.