Solana (SOL) has just achieved a significant milestone, marking a crucial moment in its journey. Despite this achievement, the DeFi space is seeing a notable shift as investors increasingly move their attention and capital towards emerging projects like Sui (SUI) and FXGuys ($FXG).
Why are we witnessing this investor move? Stick around to discover.
Solana Surpasses 75 Million Active Addresses, SOL Gains 1.86% in Response
September 19, 2024, witnessed Solana mark a major milestone by surpassing 75 million active addresses, marking an all-time high for the network. This increase in activity highlights the growth of Solana’s ecosystem.
The blockchain has experienced remarkable growth in 2024, with the number of active addresses skyrocketing from 40 million in early 2023 to a staggering 75.2 million by mid-September.
How did Solana’s SOL respond to this development? Within 24 hours of the news, SOL rose from $131.54 to $133.99, registering a modest 1.86% swipe. Analysts are optimistic about Solana, though, as they predict that SOL will trade at $142.16 by the close of Q4 2024, marking a 6.10% upswing from $133.99.
Grayscale Introduces Bittensor and Sui Trusts: SUI Jumps 113%
Grayscale, a leading cryptocurrency asset management firm, unveiled its latest investment products on August 7, 2024: the Grayscale Bittensor Trust and the Grayscale Sui Trust.
These new offerings will allow qualified individual and institutional investors to gain exposure to Bittensor (TAO) and Sui Network (SUI) through dedicated single-asset funds.
In reaction, SUI posted a 113.11% surge by September 18 as its value rose from $0.61 to $1.30. Looking into the future, experts foresee a further rise in SUI, with its price skyrocketing to $4.59 by the end of 2024, signifying a 253.08% swipe from $1.30.
FXGuys Takes the DeFi World by Storm: Innovative Trading Starts Here
FXGuys is a decentralized finance (DeFi) platform set to transform the investment world with cutting-edge technology, improved security, and robust privacy features, which makes it an attractive choice for savvy investors.
The best part is that FXGuys delivers exactly what traders want and need. As the first decentralized broker, FXGuys provides access to real trading capital and a wide range of assets, including crypto, equities, FX, indices, and commodities.
With its innovative Trader Development…