Solana demonstrated the ability to process 100,000 transactions per second (TPS) on Sunday, more than 25 times its usual throughput and surpassing Visa’s 65,000 TPS, according to developer Mert Mumtaz.
This feat shows what Solana is truly capable of from a computational perspective, exhibiting abilities to outperform the world’s biggest consumer payment network. It’s a development that helps future-proof Solana and establish it as one of the world’s most robust and credible blockchains, paving the way for heightened institutional and retail participation.
However, traders are looking beyond the immediate benefits and considering what it could mean for ecosystem tokens as increased attention, users, and liquidity flow onto the Solana network.
Experts believe this could cause parabolic gains, and some are regarding the new meme coin trading bot Snorter ($SNORT) as the best crypto to buy now. Solana is known for its vibrant meme coin ecosystem, which is likely to benefit significantly from enhanced transaction speeds, and this could fuel demand for $SNORT.
The project is currently in a presale, having already raised $2.8 million so far. That’s a substantial amount for a new project, indicating strong early support and potential for major price gains once it lists on the open market.
Solana tipped for $295 rally – but could Snorter give bigger gains
Bearish momentum has caused cryptocurrencies across the board to dip this week after an explosive start to the month. Solana was no different, with its price down 9% this week – but it has remained resilient since the TPS news, with just a 0.2% loss, while Bitcoin, Ethereum, and XRP experience much deeper declines.
This reflects rising optimistic sentiment, which is also seen in experts’ analyses. One example is popular trader Crypto King, who backs Solana for a rally to $295, calling its current chart pattern formation “pure poetry.”
As the chart shows, Solana continues to hold a higher time frame support level, setting the stage for a rapid surge in the weeks ahead.
Meanwhile, Solana’s total value locked (TVL) has grown from $6.1 billion in April to $10.4 billion today, another sign of ecosystem momentum and potential for gains.
This combination of bullish fundamentals, a solid price chart, and increasing on-chain activity clearly indicates a bullish outlook for Solana.
That’s why many respected analysts are backing Snorter as the best crypto to buy now. The project’s use case, which adds value to the Solana meme coin sector, suggests it will attract massive demand as $SOL rallies. And as an early-stage project, it holds much more upside potential than $SOL itself or most established ecosystem meme coins.
Snorter is the strongest Solana trading bot
The Snorter meme coin trading bot has not yet launched on the open market, but it plans to provide a better user experience than anything currently available.
Most people are in crypto for profit, and Snorter excels at helping its users reach that goal. It charges the lowest trading fees on the market at just 0.85% and offers top-tier features like automated copy trading and token sniping. There is also a rug pull detection feature to help users avoid scams and only buy legitimate, high-potential meme coins.
Analysts believe these solid fundamentals could attract a significant market share for Snorter once it launches, which could lead to major price gains – especially with the Solana price poised for a 2x rally. Regarding how far it could go, Borch Crypto says $SOL could explode 100x higher than its current presale rate.
Why is the $SNORT presale rocketing despite the market dip?
Altcoins have struggled this week as bearish sentiment sweeps most risk assets. But Snorter has remarkably weathered the storm, with its ongoing token presale continuing to attract significant capital inflows.
Besides its compelling narrative and solid fundamentals, it seems that investors are buying $SNORT to hedge against the bearish trend.
Instead of being exposed to the volatility of exchange-traded tokens, Snorter’s presale operates at a fixed and gradually increasing rate. While most investors are losing money, Snorter holders are steadily gaining during the presale.
Additionally, the project features a live staking mechanism that offers a whopping 136% APY, providing another way for $SNORT holders to earn.
However, it’s important to note that staking rewards will decrease as the staking pool grows, and the presale price is set to rise again in less than two days. This creates a sense of urgency for investors and means that potential buyers should act fast.
This article is not intended as financial advice. Educational purposes only.
