Solana ($SOL) isn’t just the world’s sixth-biggest cryptocurrency and a fantastic ROI opportunity (it’s up 2,600% in the past three years) but also the lifeblood of the DeFi and Web3 ecosystem.
That’s why it has been gaining a lot of attention, especially with expectations of a crypto bull run.
Solana’s Total Value Locked (TVL) now stands at $12.123B, up 14.82% in the last month. For context, during the same period, Ethereum, the largest protocol, has actually seen a decrease in TVL.
When we asked Gemini about Solana’s journey ahead, it predicted a lofty price target of $400. And no, it’s not a whimsical number; it’s a milestone $SOL could realistically hit this year itself.
Of course, a strong technical setup sits at the heart of Solana’s price prediction, but expecting an 85% gain in just 3-4 months also points to exciting fundamental updates and growing institutional attention.
Read on as we unpack Solana’s future potential and also suggest the best altcoin to buy now – Snorter Token ($SNORT) – to benefit from Solana’s growth story.
Solana’s Upcoming Firedancer Upgrade
Up until now, the Solana blockchain has relied on a single client built by Solana Labs. This is a risky approach because if that client encounters bugs or crashes, the entire network can be compromised.
It can process over 1M transactions per second compared to the blockchain’s current capacity of 65K TPS, ensuring much faster transaction processing.
Firedancer also introduces modern features such as QUIC for efficient networking, optimized Reed-Solomon coding, and FPGA support.
Companies Now Hold More $SOL than Ever
Institutional accumulation of Solana is also on a steep rise.
Just yesterday, Forward Industries, Inc. announced raising $1.65B in private equity – led by Galaxy, Jump Crypto, and Multicoin – for a Solana treasury.
CEO Michael Pruitt said the company is confident about the asset’s long-term growth potential and aims to create shareholder value through an active $SOL treasury.
Meanwhile, SOL Strategies, the world’s first Solana treasury company, has filed for listing on Nasdaq to secure more liquidity, access to deeper capital markets, and increased institutional investment.
The company currently holds 435,064 $SOL valued at $93.1M.
Solana Technical Analysis
Solana’s chart looks ripe on the technical front – which is the biggest reason Gemini believes the token could charge toward $400.
As you can see in the image below, Solana has been consolidating in a rising wedge pattern since the beginning of March, consistently making higher lows in the process.
The rising trendline has been tested twice so far, each time sharply bouncing back to the $215 level.
At the time of writing, Solana is trading at $219 in a very tight range for the past few weeks. A decisive break above this resistance (it has just crept above the resistance line) could trigger a fresh upmove.
And classic technical analysis suggests we can extrapolate the wedge’s widest width and project it from the breakout point, which gives a target of around $400.
With Solana’s massive upside in mind, we asked Gemini about the best crypto to buy now in order to make the most of this upcoming boom.
Gemini’s response? Chef’s kiss! The AI was quick to point us toward Snorter Token ($SNORT), a new altcoin building the first-ever trading bot aimed at restoring parity in the Solana meme coin space.
What Is Snorter Token?
$SNORT powers the Snorter Telegram bot, built specifically for small retail investors who are often outplayed by large institutions.
Everyday meme coin traders rarely get the chance to capture those initial meme coin pumps (usually the biggest jumps), as liquidity is quickly scooped up by large players using sophisticated algorithmic trading tools.
This is where the Snorter Bot comes in.
It allows traders to place buy and sell limit and stop orders before a liquidity pump. Then, as soon as fresh liquidity is introduced into a coin, the orders are executed within fractions of a second, putting you on par with crypto whales.
Snorter Blends Robust Security with Ease of Use
Snorter’s developers have allocated the highest portion of the supply (25%) to product development, highlighting their dedication to building a rock-solid trading bot.
They’ve gone to great lengths to ensure a secure trading experience. For starters, the bot employs MEV-resistant layers to protect users from common scams such as rug pulls and honeypots.
It also includes safeguards against sophisticated sandwich attacks. In such attacks:
- An exploiter spots your pending buy order in the mempool, places their own buy order just below your price, and pushes the price up when their order executes.
- Your order then fills at the higher price, after which the attacker immediately sells and profits from the artificial price bump, leaving you at a loss.
The Snorter bot prevents this altogether by not sending your transactions to the mempool in the first place, ensuring you’re never exposed to such attacks.
Even better? Snorter’s class-leading security doesn’t come at the expense of usability. Placing buy/sell orders or managing your portfolio is as easy as chatting with someone on Telegram.
Another standout feature is copy trading, which lets you automatically mirror the trades of successful investors on the blockchain, helping you earn consistent profits while honing your own strategies.
Buy $SNORT Now Before It’s Too Late
At the center of all this action sits Snorter Token ($SNORT), the native cryptocurrency of the Snorter bot.
Holding $SNORT comes with plenty of benefits. Token holders can enjoy:
- Limitless sniping with no daily limits
- Access to advanced analytics to make more informed market decisions
- Only a 0.85% fee on transactions compared to 1.5% for non-holders
Plus, you can even stake your $SNORT tokens to earn a dynamic return of 122% APY right now.
All in all, while the Snorter bot is available to everyone, buying the Snorter Token unlocks its full potential.
The best part? $SNORT is currently in presale, meaning you can grab it for just $0.1037.
And according to our $SNORT price prediction, the token could hit $0.94 after listing in 2025 – an impressive 800% return from current levels.
So far, the presale has already raised over $3.8M from early investors. Here’s our detailed guide on how to buy $SNORT.
Disclaimer: None of the above is financial advice. Crypto investments are highly risky due to the market’s volatility. You must only invest after doing your own research.
Authored by Krishi Chowdhary, Bitcoinist — https://bitcoinist.com/gemini-ai-expects-solana-400-firedancer-boost
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