#Opinion #Analysis

🪙 The total value locked in #SOL has reached $5.5 billion, marking the highest level since January 2022

Why is this important?

#BitgetResearch analyst Ryan Lee claims that the increasing activity on the #Solana network, combined with growing interest from institutional players such as #FranklinTempleton and #Citibank, could serve as favorable factors for the coin's growth:

"Considering the current market sentiment, increased activity, and ongoing development of the Solana ecosystem, along with significant partnerships, we expect Solana to be more bullish than bearish in October, potentially reaching a price range of $160 to $180."

🕯 Lee also notes that #Solana showed resilience at the $110 level while the broader market was in a downtrend, and the #memecoin sector within the project’s ecosystem was one of the most reliable during periods of high volatility.

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Yesterday, we wrote that institutional investors see growth potential in #Solana, but Edward Snowden expressed the opposite opinion at the #TOKEN2049 conference.

What do you think about this?

🔥 — #SOL to the moon
🗿 — Snowden is right
😎 — #KICK to the moon

#QuoteOfTheDay

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#Opinion

🪙 #StandardChartered believes that #Solana will increase in value by five times

This forecast is based on the assumption that, in the event of Donald Trump's victory in the elections, the #SOL-#ETF will be approved and launched within the next year.

Additionally, experts noted the potential for #ETH to triple in value and #BTC to quadruple by the end of 2025. The outlook for Bitcoin generally aligns with market expectations of the digital gold reaching around $200,000, with the timing being the only question.

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🌍 Weekly #CryptoDigest News:

🪙 BTC.D (Bitcoin Dominance over altcoins) — 59.43%

🧭 Fear and Greed Index — 76

🇺🇸 13.11 16:30 USD — Consumer Price Index (YoY) (Oct). Forecast — 2.4%. Previous — 2.4%.

🇺🇸 13.11 16:30 USD — Consumer Price Index (MoM) (Oct). Forecast — 0.2%. Previous — 0.2%.

🇺🇸 14.11 16:30 USD — Initial Jobless Claims. Forecast — 222k. Previous — 221k.

🇺🇸 14.11 19:00 USD — Crude Oil Inventories. Previous — 2.149M.

🇺🇸 14.11 23:00 USD — Fed Chair Powell’s Speech.

🪙 #Bitcoin reached $82,000 per coin, setting a new #ATH.

🕯 Over the past 24 hours, positions worth more than $650 million were liquidated.

🪙 Over the weekend, #Solana’s market cap reached $100 billion, with #SOL price exceeding $215.

📈 #SHIB and #Cardano have returned to the top 10.

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