Solana Launches Token Extensions: 'Time To Become A SOL Bull Again,' Investor Says
Portfolio Pulse from Khyathi Dalal
Solana (CRYPTO: SOL) introduced token extensions to its Solana Program Library (SPL) token standard, aiming to provide solutions for businesses with a focus on security, compliance, and ease of use. The extensions offer features beneficial for stablecoins, RWAs, and payments. Early adopters include Paxos and GMO-Z.com Trust Company Inc. Analysts and investors are bullish on SOL, with predictions of a rally to $125-$150. Solana has outperformed Bitcoin in the past two months, with a 50.9% gain.
January 25, 2024 | 6:29 pm
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Solana's new token extensions could attract more developers and businesses, potentially increasing the utility and demand for SOL. Analysts and investors express a bullish outlook, with price targets ranging from $95 to $150.
The introduction of token extensions is a significant development for Solana, likely to enhance its platform's capabilities and attract more adoption. The positive sentiment from analysts and investors, along with recent performance gains, suggests a potential increase in SOL's price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100