This 1 New Cryptocurrency Category Could Send Solana to $300 or More
With the price of Solana (CRYPTO: SOL) falling to nearly $163 on Feb. 18, investors are right to assume it'll take a powerful cocktail of catalysts and new tailwinds to send its price back up toward $300. Something like a totally new category of cryptocurrency investments finding its home on the chain would probably do the trick.And there's evidence that such a new category is emerging, with Solana as one of the quickly developing hotspots of activity within the segment. But what is this new trend, and is it investable? Let's dissect this trending group of projects and determine how it affects the case for buying Solana.Solana saw more than $6.2 billion in trading volume in the 24-hour period ending at roughly noon on Feb. 18. Given that it's the chain of choice for ill-fated investors to gamble on meme coins, that volume isn't too surprising. But it's also one of the leading chains in infrastructure projects for artificial intelligence (AI) on the blockchain, which is a relatively new segment of the cryptocurrency sector.Continue reading
With the price of Solana (CRYPTO: SOL) falling to nearly $163 on Feb. 18, investors are right to assume it'll take a powerful cocktail of catalysts and new tailwinds to send its price back up toward $300. Something like a totally new category of cryptocurrency investments finding its home on the chain would probably do the trick.
And there's evidence that such a new category is emerging, with Solana as one of the quickly developing hotspots of activity within the segment. But what is this new trend, and is it investable? Let's dissect this trending group of projects and determine how it affects the case for buying Solana.
Solana saw more than $6.2 billion in trading volume in the 24-hour period ending at roughly noon on Feb. 18. Given that it's the chain of choice for ill-fated investors to gamble on meme coins, that volume isn't too surprising. But it's also one of the leading chains in infrastructure projects for artificial intelligence (AI) on the blockchain, which is a relatively new segment of the cryptocurrency sector.
