Solana to Become the Third Largest Cryptocurrency in the World This Year

Solana is expected to become the third largest cryptocurrency with its strong trading capabilities and active ecosystem.

BlackRock has applied for Solana's ETF, showing strong market confidence despite some doubts.

It is believed that Solana will lead the next major expansion of the crypto market.

SOL is expected to become the third largest cryptocurrency by market capitalization this year, second only to Bitcoin and Ethereum.

Solana has been attracting the attention of many investors with its ability to process a large number of transactions at a low cost, real use cases, and extremely active ecosystem.

The excitement around Solana is palpable. Especially after VanEck applied for the first Solana ETF. Bitcoin's dominance in the market has dropped from 52.8% on June 25 to around 50% on June 30. Currently, it is 54.84%.

Solana remains the best performing cryptocurrency in this cycle.

While the approval of SOL's ETF will take some time, the positive outlook of the Solana ecosystem will undoubtedly continue to drive more interest and usage. Despite recent market volatility, the overall cryptocurrency macro situation looks strong, and a bull market rebound is expected in the third quarter.

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