December has been eventful for the crypto market. Solana has attracted institutional interest with new ETFs, Cardano shows recovery, and 1Fuel captures investor attention due to its technological features and market potential.
Solana gets a new wave of institutional interest
Since its emergence, Solana has interested traditional institutions experimenting with cryptocurrencies. Partnerships with Microsoft and Google Cloud have significantly contributed to Solana's growth, raising it from an all-time low of $0.505 by 37,800%. Recently, SOL has seen a new wave of institutional interest through Solana-based ETFs. Notable names like Grayscale and 21Shares have filed for Solana ETFs with the U.S. SEC. Historically, ETFs have contributed to significant capital inflows and market activity. In January 2024, following the approval of Bitcoin ETFs, its price rose by 181.52%. If Solana ETF filings are approved, SOL could experience significant growth.
Cardano could see major rally
After an extended period of stagnation, Cardano rebounded, trading at $0.90. This rise coincided with increased on-chain activity and adoption of dApps on the Cardano platform. Institutions have also taken an interest in the project, and its founder Charles Hoskinson participates in discussions on U.S. crypto policy, possibly being a future advisor to Trump. Unlike many other projects, Cardano consistently delivers on its roadmap, increasing trust and fostering positive sentiment among enthusiasts. If current trends continue, analysts believe ADA may break the $10 mark.
1Fuel: New altcoin with high growth potential
Crypto investors have identified 1Fuel as a promising project, surpassing $850,000 in its presale and selling over 90 million tokens. 1Fuel positions itself as security in the world of crypto transactions and offers an interface integrating work with multiple blockchains. The platform will support broad token compatibility and provide an enhanced user experience. Features such as a built-in privacy mixer ensuring transaction confidentiality make 1Fuel unique and promise competitive advantages in the market.
Cardano and Solana are garnering growing interest from institutional investors, while 1Fuel showcases its capabilities in the current presale. These elements make 1Fuel an altcoin to watch for 2025.
