Market Analysis by Investing.com (Günay Caymaz) covering: Bitcoin, BNB, Tether, Solana. Read Investing.com (Günay Caymaz)'s Market Analysis on Investing.com
Franklin Templeton, a major investment management firm, sees Solana challenging for the third position among cryptocurrencies.
Furthermore, Solana's low transaction fees and successful scalability efforts have fueled adoption. The network has also benefited from the recent memecoin boom, hosting popular projects like BONK and WIF. Currently, the token is experiencing a dip, with its price moving below the $146 level. Recently, the crypto started an uptrend in the past week but failed to stay above the $150 level.
However, breaking key resistance levels and maintaining upward momentum will be crucial for achieving Franklin Templeton's ambitious forecast of a top-three ranking.Institutions and billionaire investors worldwide are already well ahead of the game when it comes to AI-powered investing, extensively using, customizing, and developing it to bulk up their returns and minimize losses.
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