Solana Sees 5 Million New Addresses Added But Traders Still Prefer Fresh New Altcoin With 106% Price Surge

Like most of the crypto market, Solana has been on a steep decline since January. However, the latest figures suggest growing adoption, as the network added 5 million new wallets daily. Technicals also suggest that the token could be set for a new all-time high. 

Despite this, many traders are looking at a new memeFi token, as it breaks presale milestones. Namely, Cutoshi already rose 106% in the last phase, as its presale accelerates.  

Solana Sees Record Adoption: Can it Reach $320? 

“Ethereum killer” Solana (SOL) has been under significant selling pressure recently. After reaching its all-time high of $294.33 in January, it has since dropped 40% to $201.67. Still, despite market volatility, there are signs that the network is strong, and growing.

The decline in SOL’s price reflects the overall decline in the crypto market. For instance, Bitcoin dropped 10.92% from its ATH of $109,114 in January and is currently trading at $96,949. This suggests that the recent decline is a temporary setback for Solana, according to Analyst Ali Martinez.  

Martinez recently shared figures that point to growing Solana adoption. Notably, SOL’s new daily addresses reached 5 million recently, indicating that more and more traders are using the network.  For this reason, despite the neutral technical indicators, Martinez is bullish about SOL. What is more, charts suggest a new potential breakout. 

In the last few months, Solana has been consistently trading in a rising channel, starting at $125 and up to its ATH. The trendline suggests that the next price target is at $260, in between these lines. If Solana can stay above this level, it is looking at a potential new ATH of $320 in 2025.

Cutoshi Up 106% in Explosive Presale 

Despite the case for Solana, many traders are choosing the memeFi token Cutoshi (CUTO). The token recently reached $1.7 million in ICO funding, rising 106% in price to its current level of $0.031. However, the stage 4 of the presale is almost over, which means another price increase. 

Cutoshi attracted significant attention due to its blend of memecoins and DeFi. The platform aims to use memecoins to attract people to its multi-chain DEX and wallet. Even its name is a homage to Satoshi, the legendary creator of Bitcoin. For this reason, it appeals to traders who value decentralization. If it is successful, it has a chance to transform DeFi and challenge centralized exchanges. 

The development of the Cutoshi multichain DEX is going ahead of schedule. For this reason, and due to significant buyer interest, developers have recently accelerated its presale. Instead of the original 10 presale stages, Cutoshi will now have only 6. This leaves just two stages remaining. 

For traders, this is a good sign, as it shows that developers are confident about the token. What is more, this will bring Cutoshi’s imminent launch to the public market sooner, with the potential for significant gains. 

Cutoshi Presale Live, Learn More Below

• Price: $0.031 per $CUTO
• Supply: 440,000,000 tokens (ERC-20)
• Website: https://cutoshi.com
• Telegram: https://t.me/cutoshicommunity
• X (Twitter): https://x.com/CutoshiToken