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Cryptocurrencies Price Prediction: Ethereum, Solana & Cryptos – American Wrap 17 October

Solana Price Forecast: SOL hovers above $150 as interest in building on its blockchain doubles in 2024

Solana (SOL) hovers around the $150 level on Thursday. Recent gains in the native token of the Solana blockchain are likely catalyzed by rising investor and developer interest. 
Crypto active addresses
Ethereum’s (ETH) price trades broadly stable above $2,600 on Thursday after finding support at a key level on Tuesday. Increasing fees indicate greater network usage, and a record high in ETH staking during the third quarter suggests that more holders are seeking yield, all pointing to the potential for a rally ahead.
L1 Fee Market Share chart. Source: Glassnode

Bitcoin holds above $67,000 on Thursday. The largest cryptocurrency by market capitalization erases less than 1% of its value on the day. With four consecutive days of positive flows, Bitcoin Spot Exchange Traded Funds (ETFs) see a revival in demand from institutional investors. 

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