Solana News Today: Solana Price Surges 84% on Spot ETF Approval Hopes Algorand Price Jumps 57% in Week on Transaction Growth BlockDAG Presale Funding Surpasses $343 Million

Solana (SOL) is experiencing a surge in optimism, with its price forecast looking increasingly bullish. The anticipation of a spot ETF approval has significantly boosted investor confidence, with projections pushing the price toward $300. Currently trading around $162, SOL has maintained strong momentum despite a slight dip from its recent high of $168. The daily trading volume remains robust, hovering above $6 billion, while open interest sits firmly at $4 billion. The near certainty of spot ETF approval, with a 99% probability, has further fueled this optimism. The SEC's request for filing updates by July points to possible decisions in August, which could inject substantial capital into the market. Continued expansion in the decentralized finance (DeFi) sector and interest in meme-related tokens also support the positive outlook for Solana's price.

Algorand (ALGO) has seen a sharp increase in price momentum, surging over 57% in just a week to reach $0.29, its peak since early March. Even after settling to $0.27, ALGO reflects an 80% rise from April's bottom. This increase is underpinned by a notable 30% rise in transactions, now sitting at 5.8 million, and a 94% growth in stablecoin supply, largely fueled by USDC. Another major factor driving ALGO's momentum is the traction gained through real-world asset tokenization, particularly via Lofty, which now hosts over $89 million in value. Analyst Ali Martinez believes ALGO may hit $0.42 if it manages to retest and surpass the $0.258 zone. This strengthens the argument for sustained Algorand price momentum in the coming weeks.

BlockDAG is powering forward with even greater intensity, driven by its referral initiative offering a 25% bonus to users who onboard others, along with a 5% benefit for the new joiner. Adding to the excitement, BlockDAG’s GLOBAL LAUNCH release allows BDAG coins to be purchased at just $0.0016 until August 11. With more people joining daily, it's clear why BlockDAG stands among the top cryptos to buy right now. During this rollout, BlockDAG has crossed over $343 million in presale funding with nearly 24 billion coins sold. Its market presence is set with 20 exchange listings, including major platforms. Additionally, users will have full wallet functionality available from launch day, ensuring smooth access to their BDAG assets right from the start. For anyone scanning the space for the top crypto to buy right now, BlockDAG offers a compelling mix of low entry price, real-time bonuses, massive growth in presale activity, and broad market readiness.