Wall Street giant JPMorgan Chase thinks Solana could rocket to $500 by 2026.

This has investors buzzing about SOL’s prospects in the next 12 months.

But Solana might not be the only crypto about to pop, as many traders believe Solaxy holds even greater potential after its presale ends.

Why JPMorgan Thinks SOL Could Reach $500 by 2026

JPMorgan is putting their money where their mouth is with this Solana call.

They’ve increased their price target again, highlighting how bullish they are on SOL.

It’s a sizable jump from their previous $300 price prediction.

But what’s fueling this optimism from a Wall Street heavyweight?

Several factors are involved, one of which is that big institutions are becoming increasingly interested in Solana.

The idea that spot SOL ETFs could be approved in 2025 is also on their radar.

Plus, since Solana is becoming a more prominent player in the DeFi space, many traders and developers are opting to use it instead of Ethereum.

Despite SOL trading around $166, down 19% in the past week, JPMorgan remains convinced that the potential is there.

That kind of institutional backing is a massive vote of confidence in Solana’s long-term prospects.

Key Catalysts Behind JPMorgan’s Bullish Solana Prediction

JPMorgan’s bullish call is just one piece of the puzzle.

Despite the current bearishness, several potential catalysts could make 2025 an interesting year for Solana.

As mentioned above, the potential for a spot SOL ETF approval is enormous.

After seeing the success of Bitcoin and Ethereum ETFs, a Solana version seems almost inevitable – and it could bring fresh capital into SOL.

Beyond these potential ETFs, there’s the growth of the Solana ecosystem as a whole.

More developers are building on the chain, and the team is constantly tweaking Solana’s underlying tech to make it faster and more reliable.

And let’s not overlook Solana’s meme coin space.

Solana has become the go-to platform for these coins, largely due to the success of Pump.fun.

Love them or hate them, meme coins bring a lot of attention (and activity).

Looking at the bigger picture, there’s also the potential for interest rate cuts in 2025, which tends to be bullish for crypto.

Although fewer interest rate cuts are now anticipated this year, any easing of monetary policy could boost risk assets like SOL.

These potential cuts, combined with the factors outlined above, help explain why big names like JPMorgan are so optimistic about the token.

Could This New L2 Outperform Solana? Solaxy Raises $22M in Presale and Receives Analyst Endorsement

JPMorgan’s Solana prediction is major news – there’s no doubt about it.

But for those seeking the next opportunity within the Solana ecosystem, all eyes are on Solaxy.

Solaxy is developing a lightning-fast Layer-2 network that aims to unclog Solana and speed things up.

This project is focused on solving Solana’s congestion issues, promising to make transactions even cheaper.

And the interest in its prospects is enormous.

Since its launch in December, Solaxy’s presale has raised $22 million by offering the native SOLX token at a price of only $0.001638.

Those who grab SOLX in presale can also stake right away for estimated APYs of 184%.

So, could Solaxy outpace Solana if SOL takes off as JPMorgan says?

A rising SOL price means more network activity and more need for Solaxy’s Layer-2.

In turn, that could increase demand for SOLX.

YouTuber ClayBro thinks that will be the case, claiming that the token could “explode” after it goes live.

Ultimately, whether Solaxy lives up to these expectations remains to be seen.

But the combination of JPMorgan’s Solana bullishness and the early enthusiasm for SOLX certainly suggests an interesting future for the project.

Visit Solaxy Presale

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The meme coin market moves fast.

One day, it’s a frog-themed token; the next, it’s an AI-powered DOGE.

But what if you didn’t have to chase the hype or pick winners on your own?

Enter Meme Index (MEMEX) – a new project that allows traders to invest in a basket of trending meme coins instead of doing so on just one or two.

How Meme Index is Changing Meme Coin Investing

Meme coins have always been risky – they’re high reward, but it’s all about the timing.

Picking the right one can often feel more like playing the lottery than investing.

Meme Index’s team wants to change that by bringing more structure to the meme coin space.

Instead of chasing the next social media narrative and hoping for the best, investors can get exposure to the space through four curated indexes designed for different risk appetites.

It’s a concept straight out of traditional finance.

Just like index funds let investors spread their risk across different stocks, Meme Index does the same with meme coins.

Whether it’s household names like DOGE or PEPE or high-risk moonshots, Meme Index lets investors diversify with curated baskets of tokens.

Plus, with staking rewards and governance features, there’s a clear reason to hold the platform’s native MEMEX token.

Right now, staking yields sit at 609% per year.

Though that number will drop as more people stake MEMEX, it’s already pulling in lots of retail traders.

Why Investors Are Rushing to Grab MEMEX in Presale Before the Next Price Jump

Investors are piling into Meme Index’s presale as excitement grows around the project’s new take on meme coin investing.

So far, the presale has racked up over $3.7 million in early funding.

And with MEMEX priced at just $0.0162933, investors are grabbing tokens before the next price jump in less than a day.

With momentum picking up fast, some analysts are already looking forward to Meme Index’s exchange debut.

The experts at 99Bitcoins even claimed MEMEX could pump.

Other popular influencers, like Michael Wrubel, have also talked about Meme Index’s unique approach.

Meanwhile, the buzz on Telegram and Twitter keeps growing, proving this isn’t just another hyped-up presale.

Meme Index has even made it onto ICOBench’s rankings.

All of this early interest, along with Meme Index’s meme coin baskets, suggests that MEMEX might be more than just a short-term play.

Token Audits and Market Conditions Set Stage for Meme Index to Grow

Security is a big deal in crypto, and Meme Index isn’t cutting corners.

Coinsult and SolidProof, two respected blockchain security firms, have audited the project.

Both audits came back clean – reassuring investors that Meme Index’s smart contracts are built on a solid foundation.

But security is just one part of the equation.

Another factor is how Meme Index could completely change the way people invest in meme coins.

Investors may choose diversified baskets tailored to their risk level rather than individual coins.

And since the MEMEX community keeps these baskets up to date, low-quality projects are constantly filtered out.

If this model catches on, it could disrupt the meme coin space.

Meme Index’s setup could make the space more accessible, less chaotic, and appealing to high-net-worth investors.

With financial institutions diving deeper into crypto, an index-driven platform might be what finally attracts them to meme coins.

That would be excellent news for MEMEX holders.

Visit Meme Index Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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The cryptocurrency market is in a freefall state, with numerous altcoins charting painful price declines over the past day and a few hours as well.

Bitcoin’s landscape is not that much better even though its dominance is increasing as the asset plunged to a two-week low of under $94,000 minutes ago.

Solana’s recent price performance has been particularly underwhelming. The asset, which lost some positioning to BNB, is down by 8% in the past 24 hours and more than 18% on a weekly scale. Moreover, it has shed about 40% of its value compared to the January high and is now down to its early November levels of under $170.

Cardano’s native token has also plunged hard in the past day, losing over 6% of value to under $0.75. Chainlink and Avalanche are deep in the red as well, with losses of up to 8%. Their prices are now down to $17.5 and $23.2, respectively.

Ripple’s cross-border token stole the show last week but has failed to capitalize on its momentum and has joined the pack with a 5% daily drop to just over $2.5. Ethereum was rejected at $2,800 earlier this week and is now fighting to stay above $2,600.

Litecoin is among the few exceptions from the larger-cap alts as it has posted a 3% increase, which has driven it to $125.

Bitcoin’s movements are also disappointing, as the largest cryptocurrency was stopped ahead of $97,000 earlier today and pushed south to under $94,000. This became its lowest price position since the early February crash when it plunged below $92,000.

The total value of wrecked positions is up to $330 million on a daily scale, according to data from CoinGlass. Over 140,000 traders have been liquidated within the same timeframe, and the single-largest order took place on Binance – it was worth $7.58 million.