With the influx of institutional funds and a surge in network activity, mainstream altcoins are experiencing strong upward momentum, and the cryptocurrency market is heating up again. The price targets for Solana, Ethereum, and Chainlink have turned bullish, attracting a rapid influx of investors. Meanwhile, some emerging companies are also making their mark in this wave of excitement, quickly capturing market attention.
As demand for government bonds surges, the price of Solana approaches $250.
With the inflow of institutional funds and increased network activity, the upward momentum of mainstream altcoins is becoming even stronger, and the cryptocurrency market is heating up again. The price targets for Solana, Ethereum, and Chainlink have turned bullish, attracting a rapid influx of investors. At the same time, new companies are emerging in this wave of excitement, quickly capturing the market's attention.
Driven by the ETF frenzy, Ethereum firmly holds its strong position at $4,600.
A DeFi development company recently revealed that it holds over $250 million in SOL treasury bonds, demonstrating confidence among long-term investors. Meanwhile, Solana's total transaction volume has surpassed 21.9 billion, highlighting the strength and scalability of its ecosystem.
Earlier this week, driven by historic ETF inflows, Ethereum broke through $4,600 and has solidified above this level. Bullish options traders have wagered over $5 million on a breakout to $5,000, which is seen as the next key psychological threshold.
BlackRock and Fidelity Investments' ETF saw single-day inflows exceeding $1.01 billion, setting a new record for Ethereum ETFs, with net inflows surpassing those of Bitcoin ETFs. At the same time, companies like BitMine and SharpLink have also increased their ETH holdings. BitMine currently holds over 1.2 million ETH, with a market value approaching $5 billion.
With institutional accumulation, Chainlink's price surged by 15%.
Last week, with increased whale activity and significant integration news, Chainlink's price rose by 15%, breaking through $24. After the announcement of Chainlink's partnership with the Intercontinental Exchange (ICE) to launch on-chain real-time foreign exchange and commodity pricing, the token reached a seven-month high.
In the past two months, LINK's balance on exchanges has decreased by nearly 10%, indicating reduced selling pressure. Prices are expected to reach $29 in the short term, and could even hit $35, with a strong upward momentum.
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