Will the Solana Rally Continue As Polygon Aims for $1? Attention Turns To Bitcoin Spark Ahead of ETF Approval
Solana (SOL) has shocked the crypto market with its massive price pump. With the SOL price pushing higher, analysts have predicted a potential $1 price tag for Polygon (MATIC).
Away from the big-cap coins, Bitcoin Spark has caught the attention of investors with promising returns ahead of the potential ETF approval.
Bullish Momentum Sustained, Can Solana Breach the $50 Mark?
The crypto market has been left astounded by the price performance of the Solana coin in 2023. The price of Solana (SOL) has increased by more than 327% year-to-date. The latest price surge pushed SOL above the $49 level to begin in November.
A 120% rise was recorded on the 30-day Solana chart, exceeding other leading cryptocurrencies. Crypto experts have expressed their thoughts on whether the rally is sustainable. They clarified that growing institutional use and strategic alliances are driving the Solana cryptocurrency price surge.
Solana and Amazon Web Services recently inked a collaboration agreement. Analysts have also indicated that a bull period is beginning in the cryptocurrency market.
Polygon Projected To Hit $1, When Will This Happen?
The price movement of the Polygon coin, MATIC, has not been as intense as Solana’s. It has gained only 60% on the 30-day chart. However, the price forecast for MATIC has remained almost as bullish as SOL’s.
Analysts have shared huge expectations for MATIC because of the ongoing Polygon 2.0 upgrade. 2.0 will transition Polygon into the Value Layer of the Internet.
Analysts at CoinCDX shared that the upgrade could propel the Polygon price above $1. They also mentioned the bullish crypto market as more drive for MATIC.
Investor Attention Has Shifted To Bitcoin Spark Ahead of ETF Approval
It’s nearly a consensus among market analysts that a spot Bitcoin ETF will be authorized before the year is out. Bitcoin Spark is one project that hopes to gain from this launch, even though it has been predicted that the entire crypto sector will benefit greatly from it. This is a result of the novel Bitcoin Spark fork from the Bitcoin network.
Bitcoin Spark integrated major upgrades to the original codes and has made it more exciting. The network was built to support smart contracts, giving it more room for growth.
In addition, it was built with a more energy-efficient, Proof-of-Process consensus. While PoP will support more dApp development, it also allows network users to mine the BTCS utility token with only their smart devices.
Bitcoin Spark has just entered the ninth stage of its ICO, where BTCS trades at $3.5 per token.
Find out more about the Bitcoin Spark ICO below:
Website: https://bitcoinspark.org/
Visit BTCS Presale: https://network.bitcoinspark.org/register
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