With all that has been happening in the crypto space, traders are hoping it’s a good time for investing. Thanks to Bitcoin’s momentum, Solana (SOL) and Avalanche (AVAX) are seeing significant growth. But Cutoshi (CUTO) is promising in this bull run too.

Solana Sees More Upward Potential

Solana (SOL) is standing to gain from the coming meme coin market boom. Currently, SOL is trading at $211, with a month-to-date rise of 2% SOL seems to be losing momentum. However, with an all-time high upward of $260 this month, SOL could definitely see some gains again.

The latest bull run for Solana started after the US elections, as the crypto market started to boom. Notably, investors expect the Trump administration to make some moves for crypto. At the same time, Elon Musk, who won a seat in the new administration, is a known Dogecoin advocate.

Trump’s crypto-friendly stance and Musk’s meme coin support have the potential to further catalyze the market. In this context, Solana, a DeFi giant and the biggest meme coin platform, stands to gain significantly.

For this reason, analysts see SOL at roughly $240 in a month. Fueled by regulatory changes and a potential meme coin surge, Solana is in a strong position to grow further.

Avalanche Is Melting Skepticism

After a year of decline, Avalanche (AVAX) is finally recovering some of its losses. Currently, Avalanche is trading at $44, with a modest year-to-date increase of 22%. Still, the token has recently gained momentum.

Despite a year of underperformance, traders are turning back to Avalanche, seeing the potential of its technology. The token is specifically designed for dApps and features custom blockchain for specialized use cases, as such, it is attractive to institutional

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Author: Crypto Daily