Hey guys, today I'd like to talk about why Solana is the hottest blockchain right now. We'll discuss the coin itself and its growth potential, which has already started, and we're sure to see new all-time highs for this token. We'll cover the entire ecosystem, and I'll point out the coins I'm watching closely.
You'll get an inside look at the coins in the ecosystem with the most potential. So be sure to read this post till the end, it's going to be valuable to each and every one of you.
Table of Contents
What is Going on With Solana
As promised, let's talk a bit about Solana itself before we move on to other ecosystem coins. This past week, we've seen phenomenal growth in this altcoin. It's exactly as I predicted in my previous post, where I mentioned this major altcoin would be the first to show its strength.
I know many of you missed that post, so I'd like to quickly explain what's driving this rapid growth and my future price predictions for Solana. The daily transaction volume on the blockchain hasn't dropped below 30 million over the past four months. Just think about those massive numbers.
In the past two months, the number of active wallets on this blockchain has skyrocketed to an incredible 80 million. Sure, I understand not all wallets represent unique users. But even if we subtract 30 to 40 million wallets, these are still huge numbers, especially for what some might call a dead blockchain like Solana.
Right now, it's ranked number one among all blockchains because the team actively supports new startups and is highly committed to its ecosystem. Crucially, they're not shy about embracing the meme coin narrative, aligning with the interests of everyday people. Just look at the insane statistics from the PumpFund platform, created specifically for meme coins.
This project has completely shifted the game, bringing in massive trading volumes and even bigger profits for its founders. Over 3 million tokens have been created, with total platform revenue exceeding a million Solana coins, worth more than 173 million US dollars at current prices. And this is Solana's primary advantage.
It makes it easy to build truly high-quality products that disrupt the market. This blockchain is open to new ideas, and unafraid of fresh narratives and trends in cryptocurrency, which is vital. An interesting trend is that recently the share of new startups on the Solana blockchain has grown from 8% to 18% of the total market.
This is very bullish, as other blockchains have either remained steady, or in some cases, grown significantly. These are simple metrics anyone can find, showing both big and small investors' interest, and explaining this asset's impressive growth. So, I suggest we move on to a more positive topic, my prediction for Solana in this bull market.
The Next Big Crypto Opportunity is on Base
My prediction for Solana in this bull market
Considering all these factors, I see real potential for growth, not only to previous all-time highs but even toward Ethereum's current levels.
Top representatives of the Solana ecosystem.
Render Network
Now, let's talk about Render Network, a name you're probably all familiar with. Render is truly revolutionizing the industry, significantly reducing both the cost and resources required for material processing. This is an essential technology in industries where render quality is critical. Recently, the project migrated to the Solana blockchain.
Render enables the processing of materials in any format, style, and quality level, making it a leader in its segment. Major companies are actively integrating Render into their products.
For example, Apple uses Render Network for its innovative glasses and iPads with the new M4 chip. NVIDIA has also joined forces with Render in a strategic partnership, and the largest AI image generator is planning to incorporate Render Network into its workflow. And the best part is, these are not just paper partnerships.
These companies genuinely use Render in their daily operations, highlighting the trust in this technology. There is even talk that the well-known 3D editor Blender may integrate Render into its processes in the future. Confidence in the project is further boosted by Render's inclusion in Grayscale's AI fund, underscoring its potential as a long-term investment.
I see significant potential in Render Network and am confident that its value could reach $150 to $200 in the near future. Do you believe in such price points? Do you think such growth is possible?
Solana About to EXPLODE?! SOL Most Accurate Predications & Updates!
Important Ecosystem Product
Jupiter
Speaking of ecosystem projects, it's hard to ignore Jupiter, the largest decentralized exchange within the Solana ecosystem. Solana is the leader in daily trading volume, and Jupiter drives a significant portion of that activity.
The platform continues to expand its capabilities. In addition to being a traditional exchange, it now has a launchpad, a DAO system for staking the JUP token, and plans to launch its own mobile app. But Jupiter is going even further.
They've opened a terminal for meme coin trading, designed for experienced traders dealing with coins of varying capitalization. This is highly relevant given the meme coin trend and has the potential to be a key tool within their ecosystem. As for the JUP token itself, the community plays an active role in shaping the future of the project through voting, with a significant amount of funds locked in the DAO indicating a high level of trust in the platform.
However, it's worth noting that not all of the token supply is currently in circulation, which introduces some investment risk. However, given the professionalism of the team and the hype around Solana, JUP's growth prospects look very promising. Personally, I believe we could easily see growth to levels similar to the well-known UNI token, one of the largest decentralized exchange tokens on the Ethereum blockchain.
PlayStation just funded in shiba inu, Price will go skyrocket soon
Best Memecoins on Solana
Now let's move on to the final part of this video. Moving on to the well-known meme coin.
WEEF
I'm not even sure if this token needs an introduction since it has already become legendary. It's currently the largest meme coin on the Solana blockchain, having long surpassed BONK, becoming perhaps the most famous dog on Solana. Tens of thousands of people have already become millionaires thanks to this token. I won't spend too much time here.
I'll just say that the team has plenty of funds and an active community that strongly supports the token's founders. A prime example of this is the $650,000 raised in minutes for advertising in Las Vegas, and that's not to mention the cool partners who can create fantastic publicity. Speaking of potential, I believe we could see two to three times gains with the first significant market rally, and potentially up to five times.
It may not be a huge gain, but keep in mind, this is a relatively safe meme coin with a market cap of over $1.5 billion. A great demonstration of the token's other level is its trading volume, which reaches nearly $320 million. Now, moving on to the next token, which I also consider essential and valuable for the ecosystem.
Popcat
I've been talking about it since it had a market cap of $500 million. That's already a 3x gain if we look at the current market cap. As you've guessed, I'm talking about PopCat.
Even though it's already proven itself, I still see huge potential. Currently, PopCat has a large fan base and is an excellent example of a meme coin that survived multiple crises and remained in the market for over nine months. Of course, there's no cutting-edge technology here.
It's just entertainment, an ordinary image supported by a solid community, and a fun story with cat tokens. I'm almost certain that there will be significant growth in the future, and it's entirely possible that PopCat will reach the level of Weef or even surpass it. Even at the current price, we're still in the early stages of investing.