👍👍Analysts Expect Solana to Make a Big Rise 👍👍

Real Vision’s chief crypto analyst Jamie Coutts emphasizes that Solana (SOL), one of Ethereum’s major competitors, may be on the verge of a big rise. Solana has seen a triple-digit increase in the number of wallets in the last three months, which is a remarkable growth rate compared to other smart contract platforms.

Coutts states that Solana’s price correction and improvements in network metrics show that SOL is ready for a significant upward move. “Solana’s active addresses increased by 276%, while transaction fees decreased by 11.3%. This shows that the price is tightening like a spring ready to rise,” he said.

In the same period, while transaction fees decreased in Ethereum, there was a 77% increase in the number of active addresses. However, a 21.9% weakening in price momentum was observed. On the TON platform, active addresses increased by 208% and fees increased by 103%, but the price increase was limited to 26.1%.

Solana stands out with its support for Stripe's USDC payments on a global scale. This increases the adoption of layer-1 platforms like Solana. "The return of large payment companies like Stripe to the crypto market is a positive development," Coutts said.

At the time of writing, Solana was trading at $ 145.33 and has increased by over 4% in the last 24 hours. Coutts emphasized that this increase is a strong signal for Solana's future performance, saying, "Developments in payment technologies and the support of large companies will support the growth of platforms like Solana."

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