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Grayscale Flags 3 Solana Altcoins for Crypto Investments
- Grayscale has listed three Solana ecosystem coins on their ‘under consideration’ list, indicating their interest in altcoins, which could bring fresh capital into the ecosystem.
- Jupiter is a decentralized exchange aggregator that helps users find the best token prices across multiple platforms, ensuring they get the most value. Jupiter handles the highest trading volume of all Solana exchanges and generated over $3.38 million in fees and secured $1.32 billion in total value locked this month alone.
- $JUP has potential to rival Uniswap in the long run, and Grayscale's potential backing could attract institutional investors. Jupiter is also one of the bedrocks for Solana’s growth, making it a high-potential gem.
- Pyth Network is a financial oracle network that delivers accurate and secure market data from exchanges, market makers, and financial services. It is currently the second-largest oracle by market cap, right behind Chainlink, and is one of the top players in this space.
- $PYTH surged more than 10% in the past 30 days, likely thanks to the recent Grayscale buzz. Add Grayscale’s interest, and you’ve got something that could take off in this bull run.
- Helium Network is known for its decentralized wireless infrastructure, offering a unique way to power the Internet of Things (IoT) by using blockchain technology. It is the second-largest IoT project by market cap, with thousands of hotspots in over 180 countries.
- As more industries adopt IoT solutions, Helium’s decentralized model could become a major player in this space. And with the possibility of Grayscale backing it, Helium’s visibility and demand are likely to surge.
- Holding these gems is a smart move for your portfolio. When heavyweights like Grayscale get involved, they bring credibility, exposure, and fresh capital into the ecosystem.
- The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions. We are not responsible for any losses that you may incur.
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