Crypto analyst JetStart has forecast a bullish future for Solana (SOL) and its ecosystem. He even predicted a potential price target of $1,335 for SOL.
This optimistic outlook is shared by many cryptocurrency venture capitalists and could affect the whole SOL ecosystem.
JetStart highlights several key factors supporting the bullish case for Solana:
- VanEck’s recent application for a Solana ETF approval
- SOL overtaking Ethereum in both NFT and DEX trading volumes.
- GSR.io’s prediction of a minimum 1.4x return, even in the worst-case scenario
- Historical patterns suggest a potential autumn rally following the typical summer lull in crypto markets.
Read more: Top 10 Crypto Unlocks to Watch in July: Altlayer (ALT) and Aptos (APT) Dominate
What you'll learn 👉
Top Solana Ecosystem Altcoin Picks
The analyst presents a curated list of Solana-based projects with growth potential:
1. Jito Labs (JTO)
- Price: $2.4
- Market Cap: $295.47M
- Function: Provides accurate transaction ordering for the Solana ecosystem
- Growth Thesis: Demand expected to increase with ecosystem expansion
2. Jupiter Exchange (JUP)
- Price: $0.83
- Market Cap: $1.13B
- Outlook: Potential to reach $2-5 in improved market conditions
- Adoption: Widely used within the Solana ecosystem
3. Tensor (TNSR)
- Price: $0.73
- Market Cap: $1.13B
- Position: Leading NFT marketplace on Solana
- Recent Activity: $700,000 MadLads NFT sweep, indicating strong market interest
4. Pyth Network (PYTH)
- Price: $0.32
- Market Cap: $1.18B
- Utility: Provides data for over 350 protocols, mainly Solana projects
- Projection: 2-3x potential in the mid-term
5. Parcl (PRCL)
- Price: $0.24
- Market Cap: $29.16M
- Unique Proposition: Enables rapid, paperless real estate transactions
- Growth Catalyst: Anticipated surge with renewed interest in real-world assets
6. Io.net (IO)
- Price: $3.15
- Market Cap: $2.52B
- Concept: DePIN project utilizing unused GPU for AI companies
- Outlook: Positioned for significant growth in the current market cycle
JetStart’s analysis suggests a potentially lucrative opportunity within the Solana ecosystem. The projected growth of SOL to $1,335 could have a major impact on all ecosystem tokens.
Read more: Is Ripple Behind Massive $400 Million Unlock in XRP?
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
