Solana Price Edges to $40 as SOL Bull Run Continues & This Token Hits $1.6 Million | Finbold
The price of Solana’s native SOL token continues trending upwards, hitting the $40 level as its bull run shows no signs of slowing down.
SOL now ranks seventh in the world by market cap as investors pile into the token in the hope that it can continue its incredible momentum.
Meanwhile, exciting new crypto casino TG.Casino (TGC) has already hit $1.6 million in its presale phase as it gears up for its official launch in the coming weeks.
Integrations with Visa & Shopify Drive Up Solana Adoption
SOL has been on a consistent uptrend recently, thanks in part to several key integrations and partnerships cementing its status as a leading blockchain.
Most notably, Visa announced support for settling transactions on Solana in USD Coin (USDC), bringing the network’s speed and scalability to Visa’s system.
With Visa processing over $11 trillion in payments per year, this integration signals growing mainstream adoption.
Additionally, Shopify merchants can now accept payments in USDC on Solana, further expanding the network’s real-world use cases.
Beyond payments, Solana is seeing surging decentralized finance (DeFi) activity.
Total value locked (TVL) on Solana has rocketed this year to over $420 million as developers build new and exciting protocols.
With fast speeds and low fees, Solana is attracting developers and users from Ethereum and other leading blockchains.
This expanding ecosystem and real-world adoption is fueling the bullish sentiment around SOL.
VanEck’s Bullish Price Prediction Fuels Buying Frenzy for SOL
Further boosting sentiment around SOL is the optimistic price prediction from asset management firm VanEck.
VanEck has forecasted up to a 10,600% surge for SOL by 2030, meaning in their model, the token could reach as high as $3,211.
The firm’s report also presented a scenario where Solana becomes the first blockchain to support apps with over 100 million users, cementing its status as a leading smart contract platform.
This lofty forecast from a mainstream financial firm has fueled buying pressure for SOL, with the token now trading above $40 for the first time since August 2022.
SOL has already posted 311% gains in 2023 as the bullish frenzy around the token continues to gather pace.
Solana is now ranked fourth on CoinMarketCap’s list of trending cryptocurrencies, seeing over $2.1 billion in trading volume over the past day.
Although SOL may be due a partial pullback in the short term, VanEck’s extremely optimistic long-term prediction highlights the possibilities for Solana to continue eating into Ethereum’s market share.
TG.Casino’s Telegram Casino Raises $1.6 Million in Presale as Crypto Gambling Demand Rockets
As the Solana ecosystem continues expanding, exciting new projects are launching to take advantage of investors’ bullish sentiment.
One such project making waves is TG.Casino (TGC), an innovative Telegram-based crypto casino that just hit a milestone of $1.6 million raised in its presale.
TG.Casino brings a seamless gambling experience directly to the Telegram app, requiring no KYC or lengthy account setup process.
Users can instantly access hundreds of casino games, a full sportsbook, and unique features like staking rewards of 316% APY.
The platform is licensed by Gaming Curacao yet still provides an anonymous and hassle-free user experience.
Powering TG.Casino is its native ERC-20 token, TGC, which has a fixed supply of 100 million.
TGC offers holders exclusive benefits like 25% cashback on losses and features deflationary tokenomics designed to drive up its value over the long term.
TG.Casino’s presale currently offers TGC tokens for $0.15, which is expected to be a discount on the eventual Uniswap listing price.
With studies showing that crypto bets doubled to around 6.3 billion in 2022, the future looks exceptionally bright for innovative crypto gambling platforms like TG.Casino.
Thus, as TG.Casino’s presale continues to gain traction, it represents an exciting low-cap gem that investors may wish to add to their watchlists.
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