$SOL Targets $250 after Solana Foundation Teaser; Snorter Presale Ending
Key Points:
- $SOL is surging towards $250, influenced by a 16-second teaser from Solana Foundation.
- The teaser suggests a major announcement on October 20, speculated to be about a Solana debit card.
- The Solana ecosystem leads in fee revenue, daily transactions, and user activity compared to other blockchains.
- Snorter Token ($SNORT) concludes its $5.1M presale soon, with predictions of an 843% ROI by 2025.
Market Movement:
- $SOL rose by 4.21% in the past 24 hours, aiming for $250 if momentum continues.
- Previously, $SOL fell from $211 to $175 but has rebounded to $194.
Growth Indicators:
- Grayscale's report highlights Solana as 'crypto’s financial bazaar', noting its rapid growth.
- Solana's market cap is third-largest at $128.4B, with significant transaction volume outpacing Ethereum and BNB.
- Factors contributing to growth include low transaction fees, diverse on-chain activity, and the Alpenglow upgrade.
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