Solana is the high-speed, low-cost blockchain that’s putting older networks like Ethereum and Bitcoin through their paces.
Its ability to handle thousands of transactions per second for just a fraction of the cost of other networks is what makes it so appealing to developers and users. They’re now using it to build everything from DeFi apps to fast-paced games.
Solana is up some 57.29% this year alone, so, naturally, we’re curious how Gemini predicts its price could move in October. Could $SOL retake the $250 mark?
Solana: Can It Hit $250?
Gemini noted that Solana’s price has been fluctuating recently, but sentiment is currently extremely bullish. Gemini cited a couple of reasons why Solana could be on its way back to $250.
1. ETFs and an ‘Uptober’ Vibe
The biggest news right now is the potential approval of Solana spot ETFs in the US. This is significant as it would open the door for major investment firms to easily acquire Solana.
Currently, not many institutions own Solana, so a new investment channel, such as an ETF, could bring in a substantial amount of new money. Additionally, we’re in ‘Uptober’, a month that has historically been great for crypto.
Bitcoin and Ethereum are already on the move, and when the big guys run, altcoins like Solana tend to follow, sometimes with even bigger gains.
2. A Stronger Network
It’s not just about market buzz, though. Solana’s core technology is continually improving, and we’re seeing an increasing number of projects built on Solana, and even some major companies like Circle are using it to expand the reach of the $USYC stablecoin.
This rise in institutional and developer adoption makes a price surge feel a lot more likely in October.
$SNORT: Stop Missing Out and Start Getting Ahead
It’s a tale as old as digital time. You hear about some wild meme coin pumping, so you go and check it out, but you’ve already missed the moonshot. Snorter Token ($SNORT) aims to change that.
It’s the presale token raising funds to develop a high-speed, easy-to-use trading tool, the Snorter Bot, that puts the power of a professional trader right in your pocket. Snorter’s goal is simple: to help you sniff out the best opportunities on the Solana network before everyone else snipes them first.
No Mere Meme: A Bot That Actually Works
So, what makes this bot different? It’s a Telegram bot, for one thing, which makes it particularly easy to use. Instead of fumbling with complicated trading platforms, you can use the Snorter Bot right from the messaging app on your phone.
It’s also lightning-fast, which is critical in a market where every second counts.
But more importantly, it’s got your back. Snorter Bot will detect and help you avoid scams, such as rug pulls and fake tokens. This means you can trade with a little more peace of mind.
What’s more, if you want to learn from the pros, you can even set it up to copy the trades of top-performing wallets.
The best part is that if you hold the $SNORT token, you receive lower fees of 0.85% instead of the standard 1.5%.
It’s already raised over $4.2M, showing that people are ready for a token that’s both fun and useful.
You’ve not got long to take part, though, as the presale ends this month.
Get your $SNORT now for $0.1067 and snatch the 113% staking rewards.
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