The crypto market is experiencing increased interest in projects like Solana, Avalanche, and Render. Many analysts are also highlighting the new altcoin MAGACOIN FINANCE as worthy of attention.
Solana Eyes Higher Targets
Solana (SOL) continues to draw attention as it trades above $240 with a steady 15% gain this week. Analysts such as Matt Hughes see a near-term target of $670, nearly tripling from current levels. This comes as Solana edges closer to retesting its all-time high of $294. Institutional flows are helping drive this optimism. Forward Industries recently raised $1.65 billion to acquire Solana for its treasury, facilitated by Galaxy Digital. Pantera Capital is also eyeing a $1.25 billion Solana-focused treasury. Additionally, multiple SOL ETFs await SEC approval, which could launch as early as October.
Avalanche Sees Treasury Interest
Avalanche (AVAX) has been gaining traction, with Hivemind Capital and Dragonfly Capital in talks to raise $1 billion for digital asset treasuries to acquire large amounts of AVAX. If these deals close, they could control around 8% of the circulating supply. Avalanche's subnets are hosting platforms like FIFA’s NFT project and Nexon’s MapleStory chain. However, daily transaction growth surged 170% in Q3, while DEX activity has slowed down. The SEC has postponed its decision on Grayscale’s AVAX spot ETF to early 2026.
Render Expands Into AI
Render (RNDR) is capitalizing on the AI wave, with its token trading at $3.96 after a weekly gain of more than 15%. The network processed 1.49 million frames in July and is onboarding U.S.-based nodes for AI tasks. The team has also launched a Bounty Platform to incentivize GPU providers. With 5,600 active nodes and growth in AI-related workloads, Render is positioning itself in the expanding $42 billion AI crypto sector.
The crypto market today offers established options like SOL, AVAX, and RNDR, as well as new undervalued assets like MAGACOIN FINANCE. Early positioning often captures the largest upside.
