Analysts are rethinking their Solana price predictions today as news breaks on the network’s growing total value locked (TVL). Surging from $7.09 billion on March 20th, up from $6.72 billion on March 10th, this nearly 10% increase in SOL’s TVL, has caused a bullish sentiment amongst pundits who are now projecting renewed interest and stronger confidence among investors.
However, some analysts are more skeptical, predicting that Solana (SOL) prices will remain within the current range due to fierce competition from newcomers. One such emerging player is JetBolt (JBOLT), a new zero gas ecosystem aiming to re-engineer the blockchain space from the ground up. With a focus on usability and by slashing network fees to zero, JetBolt could pose a serious threat to established layer ones like Solana and Ethereum.
In this detailed article we will analyse Solana price predictions from reputable sources looking closely at key market metrics. Continue reading to find out more about Solana’s potential price trajectory and new coins that could disrupt its market positioning.
Solana Current News: SOL’s TVL Now Stands at $6.85 Billion, Is It Time to Buy?
Despite overall market volatility, Solana (SOL) has gained attention as its total value locked (TVL) climbed to $7.09 billion on March 20th. Rising nearly 10% from $6.72 billion on March 10th, SOL’s notable TVL growth reflects a resurgence in interest and confidence in the asset’s future prospects.
Trading at $133.77 as of writing, SOL has been charting green for over a fortnight, rising 4% in the last 24 hours. SOL’s recent TVL growth indicates a shift in market sentiment, especially considering the backlash Solana faced due to a promotional ad that drew criticisms on social media for being insensitive to gender issues. According to DefiLlama, SOL’s TVL has since reverted to $6.85 billion as of March 24th.
Solana’s monthly total value locked chart reflecting its current value of $6.85 billion, courtesy of DefiLlama
Interestingly, the number of Solana whales—addresses holding at least 10,000 SOL—has risen to 5,031, up from 5,008 a week ago. However, this is still below the 5,053 level seen on March 3rd, indicating that while some accumulation is occurring, the market is still in transition as major players reevaluate their positions on SOL.
Last week, following CME’s launch of its SOL futures contracts, Volatility Shares announced the offering of two Solana futures ETFs: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2X Solana ETF (SOLT). More recently, Fidelity Investments, a major player in the financial sector, has officially launched the “Fidelity Solana Fund”, registering it as a statutory trust in Delaware.
Although the initial market response to these financial products has been mixed, market observers believe that they could ultimately bolster Solana’s appeal by attracting more capital and raising SOL’s market visibility.
Is it a signal to buy SOL now? That depends on whether you recognize Solana’s long-term prospects or are looking at short-term opportunities. Either way, the market will be watching if Solana can sustain momentum in the coming days as it continues to evolve in the face of broader market conditions.
JetBolt’s Presale: Turning Heads with Over 345 Million Tokens Sold
JetBolt (JBOLT) is turning the tide in the crypto market, having surpassed 345 million tokens sold in its presale as crypto whales and buyers eagerly flock to this rising altcoin gem.
Drawing attention for its tech-powered solutions, JetBolt offers its groundbreaking zero-gas technology—providing a gas-free alternative to conventional blockchain transactions. JetBolt’s innovative platform also enables near-instant, high-speed on-chain transactions, elevating the blockchain user experience.
Additionally, JetBolt introduces an AI-driven intelligence layer that streamlines market information. Instead of wading through countless headlines, users can access aggregated crypto news and trending stories at a glance, segregated according to market sentiment.
JetBolt’s user-centric Web3 wallet is likewise generating a buzz, holding special appeal for crypto beginners. With integrations of WebAuth and facial recognition technology, entry and token management have been made smoother and more easily accessible.
Another factor fueling its momentum is JetBolt’s unique staking model with its Proof-of-Attendance and Worth (PAW) protocol. With this novel system, participants can earn reward tokens based on social engagement while staking, creating a dynamic and interactive on-chain experience.
With the staking protocol readily accessible, early buyers can reap extra benefits not only from staking but also by availing themselves of JetBolt’s exclusive Alpha Box bundles, which offer up to 25% additional tokens for batch purchases.
With its cutting-edge features, practical utilities, and enticing presale perks, JetBolt continues to turn heads from all over, marking the entrance of an exciting new contender in the crypto market.
Final Thoughts: Is the Rise in SOL’s TVL a Sign to Buy as JetBolt’s Presale Is Turning Heads?
The rise in Solana’s total value locked (TVL) could be a significant on-chain metric, reflecting renewed confidence in its ecosystem. As interest builds, market insiders continue to speculate whether SOL’s resurgence in TVL signals an opportune time to buy the asset now or if it suggests waiting further to see how SOL moves as dynamics evolve in the coming days.
Meanwhile, JetBolt’s presale is turning heads, swiftly catching momentum with its game-changing features like gas-less transactions. Coupled with staking rewards and irresistible perks, it’s no wonder JetBolt’s presale has turned into a buying frenzy—inviting enthusiasts to its thrilling next-gen crypto journey.
Stay updated on JetBolt’s successfully ongoing presale by visiting its official website today.
This article should not be viewed as financial or trading advice. Crypto prices and trends keep fluctuating and shifting. It’s essential to evaluate market conditions and assess the risks associated with cryptocurrencies before making any crypto purchases.
