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Solana’s price continues to demonstrate strong fundamentals and institutional interest despite recent volatility and a 10% decline in DApp activity, positioning itself for a potential rally toward $300 in early 2025. SOL is poised for another breakthrough. Experts claim that an emerging platform IntelMarkets, is giving gains similar to that of Solana (SOL) at a lower price. While Solana’s price prepares to reach the $300 mark, INTL becomes the next BONK of this session as presale stage 9 begins.
Solana Price Analysis: Potential $300 Target For SOL?
Currently trading at about $211, Solana’s price has shown amazing resiliency following a 22.5% drop in early January. Solana keeps its top ranking as a blockchain platform, especially in DEX trade volume, where it commands over 30% market share with $219.2 billion in Q4 2024, even while SOL suffered a 10.3% reduction in on-chain activity between January 8–15.
SOL-based ETF acceptance offers a major impetus for price increases. Applications with the SEC have been made by major financial firms, including Grayscale Investments, VanEck, 21Shares, Bitwise, and Canary Capital; initial rulings are due by January 23–25, 2025. In their first year of business, JPMorgan estimates SOL ETFs could draw $3–6 billion in net assets.
A growing declining wedge pattern and a double bottom pattern formed around $175 points to possible upward movement in the Solana price. Although the Solana price right now trades below the 50-day weighted moving average, there is significant support at $175. and $188.15.
BONK Set To Skyrocket With Room To Grow
BONK is a meme-inspired cryptocurrency that launched on the Solana blockchain in December 2022. It quickly gained popularity due to its community-driven approach and strategic tokenomics, including significant token burns to reduce supply and increase scarcity.
In November 2024, BonkDAO announced an ambitious plan to burn 1 trillion BONK tokens by December 25, coinciding with the coin’s second anniversary. This “BURNmas” campaign aimed to decrease the circulating supply and potentially boost the token’s value.
As of January 16, 2025, BONK is trading around $0.00003, reflecting a 12.45% 24-hour increase.
BONK maintains a strong presence in the meme coin arena. Its active community and ongoing developments suggest promising potential ahead. However, the emerging AI marvel, IntelMarkets, is becoming the next BONK of this bull run.
IntelMarkets (INTL) Price Soars 811%, Further Spikes Ahead
While Solana (SOL) and BONK show some impending rallies, all eyes are on IntelMarkets (INTL). This project is now in phase nine of its presale, which has rewarded early investors with an 811% return. Not only that, IntelMarkets has raised over $6.7 million in its crypto ICO event so far, potentially reaching $7M before this week comes to an end.
This is because of IntelMarkets’ long-term goal – to capitalize on the growing AI market. Statista predicts this market could be worth $826B by 2030. IntelMarkets will be the first to combine AI technology with blockchain and launch an AI-powered trading platform. On this platform, people will experience self-learning trading robots that improve their performance and omnichannel processing that provides a holistic signal backed by 100K data points.
At the core of this platform lies the INTL utility token. Those who hold this crypto coin will get governance voting rights and up to 30% discounts on trading fees. These benefits have intrigued investors, helping IntelMarkets sell 3M INTL tokens in phase nine alone. It costs just $0.082, an 811% rise from its starting price of $0.009. However, the next phase will jump to $0.091, and a Tier-1 CEX listing is expected to push its price to $0.11.
Discover More About Intel Markets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
Source: https://coinedition.com/wait-for-solana-price-to-return-to-200-or-join-this-fast-selling-altcoin-that-experts-call-the-next-bonk/