Solana (SOL) is considered the top blockchain network in terms of usage, with over 4 million daily active addresses and processing about 86 million transactions per day. This high level of usage indicates Solana’s high scalability and widespread adoption. However, the rapid growth of transactions may require network resource upgrades to maintain its performance and security. Data suggests that the implementation of the ‘GENIUS Act’ in March 2025 will lead to significant growth in stablecoin issuance. The rapid growth in the stablecoin market is expected to increase from $138.2 billion in March 2024 to $225.4 billion in March 2025, with Solana’s share rising to $11.8 billion. This rapid growth is a result of Solana’s popularity in stablecoin issuance and attracting DeFi projects. Nevertheless, improper management of this capital increase can pose challenges to network stability. In the Solana chart, a cup and handle pattern is visible, usually indicating a long-term uptrend. The price has risen from $95 to $118 in the cup section and then stabilized in the range of $110 to $114. Additionally, the Moving Average Convergence Divergence (MACD) indicator has confirmed a bullish signal. Crossing the upcoming resistances and increasing trading volume, Solana’s price in the short term could reach the range of $135 to $140. However, breaking the $110 support could push the price to $100, and in a continued downtrend, it could drop to $98 and even $90. Significant increase in trading volume is essential to solidify the uptrend. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and instantly.
