Solana has seen a 300% increase in price in the past 60 days and is currently trading at $186.86, despite market volatility.
Solana is a popular choice for users due to its fast transaction speed and low fees compared to Ethereum.
Whale activity is a significant factor in Solana's price movement.
The rise of institutional interest in Solana and the approval of a Solana ETF could push the price to a new buying wave of $500.
Analysts predict that Solana's correction could lead to a significant rally and break the $285 level.
Altcoins such as Cardano (ADA), Tron (TRX), and Ethena (ENA) are starting to move and could follow Solana's recovery.
Cardano has strong fundamentals and scalability, making it a contender for future growth. The price could hit $2 soon.
Tron has been consistently growing, and analysts expect it to hit the $0.40 mark.
Ethena is looking to experience a 20-30% increase in the near term, and experts project it to be one of the top altcoins in 2025.
President Trump's World Liberty Financial DeFi project has invested in Ethena, and upcoming protocol upgrades and strategic partnerships could be big catalysts for growth.