Solana News Today: ADA and SOL Surge on ETF Hype as LINK and MAGACOIN Emerge as Altcoin Contenders

The cryptocurrency market has experienced renewed energy, driven by significant gains in Cardano (ADA) and Solana (SOL), with speculation around the potential approval of exchange-traded funds (ETFs) emerging as a major catalyst. As institutional interest grows and technical indicators suggest further upside, the spotlight is now turning toward Chainlink (LINK) and MAGACOIN FINANCE as potential breakout stars in the next phase of the altcoin cycle [1].

Cardano has drawn attention due to increasing custodial holdings, with 5.8% of its total supply now in institutional wallets as of August 2025 [1]. The launch of ADA options trading on Kraken has also provided traders with new tools for speculation and risk management. Technically, ADA is consolidating in a symmetrical triangle pattern, a formation often seen before a significant price move. Analysts are optimistic, with some forecasting a potential 100-150% increase over the coming weeks, particularly if ETF approvals materialize, such as Grayscale’s pending application [1].

Solana has posted one of the most impressive performances, surging over 12% in a single day and currently trading between $182 and $189. The token is approaching a key resistance level of $200–$210, a barrier that has previously curtailed upward momentum. Several factors support this rally, including a network throughput of over 100,000 transactions per second (TPS), a 30.4% quarter-over-quarter increase in TVL to $8.6 billion, and 64.8% of circulating supply staked [1]. Bloomberg analysts have estimated a 95% probability of a Solana ETF approval by October 2025 [1]. Institutional partnerships with firms like PayPal, Shopify, Stripe, and major banks further reinforce the asset’s growth trajectory. If approved, SOL could reach $250–$300, with some analysts setting long-term targets as high as $500 [1].

Chainlink continues to solidify its position as a critical infrastructure player in the blockchain space. In late August, LINK surged 12% to $27.8, its highest level since December 2024, driven by easing U.S. Federal Reserve policy, institutional adoption, and key security certifications. Chainlink now holds enterprise-grade partnerships with ICE (New York Stock Exchange), JPMorgan, Swift, Euroclear, Fidelity, and central banks. The platform also secured ISO 27001 and SOC 2 Type 1 certifications, audited by Deloitte [1]. Technically, the asset faces support at $23.50–$23.60 and resistance at $26.00–$28.00, with price targets ranging from $30 to as high as $50 in 2025 [1]. With its Cross-Chain Interoperability Protocol (CCIP) now live on 50+ blockchains, Chainlink is emerging as a foundational layer for tokenized finance.

MAGACOIN FINANCE is attracting attention as an under-the-radar opportunity, particularly among investors seeking higher-risk, higher-reward exposure. The project is gaining traction due to its real utility, transparency, and strong community engagement. Analysts have compared MAGACOIN’s trajectory to early-stage projects like Dogecoin and Shiba Inu, but with a focus on DeFi infrastructure [1]. While still in the presale phase, the asset is being positioned as a potential high-ROI investment, with forecasts suggesting strong returns based on growing investor confidence and independent audits [1].

As the broader altcoin market rallies on ETF speculation, the question remains whether Chainlink and MAGACOIN FINANCE will follow Cardano and Solana in achieving new highs. With institutional interest on the rise and technical setups suggesting further upside, the market appears poised for a new cycle of growth, where both blue-chip and emerging assets could deliver substantial returns.

Source: [1] Cardano and Solana Rally on ETF Buzz — Can Chainlink (LINK) and MAGACOIN Hit New Highs? (https://coinmarketcap.com/community/articles/68abdd5bec14935c3fa1aa1e/)