Solana Dominating Ethereum: SOL Analyst Now Targets $1,000
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Following recent gains, Solana (SOL) is showing strong upward trends, with analysts projecting a rise to $1,000 in the next bull cycle. The cryptocurrency added 25% after significant losses in June, and various factors such as high scalability, low transaction fees, and increased adoption are contributing to its growth. Solana’s on-chain activity, including daily and monthly DEX volumes, now surpasses that of Ethereum. The potential approval of Solana spot ETFs by VanEck and 21Shares could further strengthen its position, despite past allegations from the SEC.
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