{"id":139545,"date":"2024-10-12T21:00:12","date_gmt":"2024-10-12T18:00:12","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=139545"},"modified":"2024-10-12T18:31:46","modified_gmt":"2024-10-12T15:31:46","slug":"solana-in-for-major-gains-according-to-crypto-analyst-heres-why","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/solana-in-for-major-gains-according-to-crypto-analyst-heres-why\/","title":{"rendered":"Solana in for Major Gains, According to Crypto Analyst &#8211; Here&#8217;s Why"},"content":{"rendered":"<p>He noted that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/solana\/\">Solana\u2019s<\/a> <\/strong>active address count has surged by 276% over the past three months, outpacing growth on other smart contract platforms. Coutts believes this rapid increase, combined with a recent price correction for SOL, suggests that the network\u2019s metrics are setting the stage for a major upward trend. He compared the current market conditions to a \u201ccoiled spring ready to leap.\u201d<\/p>\n<p>In his analysis, Coes also examined recent activity on other major smart contract networks. <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>has seen transaction fees climb by 77%, potentially marking the end of a down cycle, although price momentum remains sluggish at 21.9%.<\/p>\n<p><strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/toncoin\/\">TON<\/a> <\/strong>experienced a 208% increase in active addresses and a 103% rise in fees, but price growth was limited to 26.1%, possibly due to the impact of issues involving the Telegram CEO.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-139471\" href=\"https:\/\/cryptodnes.bg\/en\/neiro-cuts-ties-with-controversial-market-maker-amid-community-scrutiny\/\" title=\"Neiro Cuts Ties with Controversial Market Maker Amid Community Scrutiny\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/neiro-c1v0g29h-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Neiro Cuts Ties with Controversial Market Maker Amid Community Scrutiny<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/sui\/\">SUI<\/a> <\/strong>network showed strong activity, with fees jumping 236% and active addresses up by 74.9%. <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/tron\/\">TRON<\/a> <\/strong>demonstrated momentum in stablecoin transfers, as daily fees increased by 30.4% to $6.39 million across 2.1 million active addresses. <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/near-protocol\/\">NEAR\u2019s<\/a> <\/strong>growth has slowed slightly, yet it continues to hold the second position in active addresses, exceeding 3 million.<\/p>\n<p>Coutts also highlighted the recent announcement by Stripe to support global <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/usd-coin\/\">USDC<\/a> <\/strong>payments on the Ethereum, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/polygon-ecosystem-token\/\">Polygon<\/a><\/strong>, and Solana blockchains, which he views as a positive development for tier-one networks, potentially boosting adoption in the crypto payments space.<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jamie Coutts, Real Vision&#8217;s chief crypto analyst, anticipates a significant breakthrough for one of Ethereum&#8217;s (ETH) main rivals.<\/p>\n","protected":false},"author":7,"featured_media":132537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[424,271,108,266,71,372],"coin_category":[],"class_list":["post-139545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-crypto","tag-ethereum","tag-price","tag-solana","tag-stablecoin","tag-sui"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Solana in for Major Gains, According to Crypto Analyst - Here&#039;s Why<\/title>\n<meta name=\"description\" content=\"Jamie Coates, chief crypto analyst at Real Vision, believes that a leading competitor to Etherium (ETH), is on the verge of a ...Jamie Coutts\" \/>\n<meta name=\"robots\" content=\"index, follow, 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