Solana News Today: Toncoin Gains $558M Institutional Backing, Solana Eyes 37% Rally, BlockDAG Hits $375M Presale Milestone

The crypto market is entering a pivotal phase shaped by technical indicators, institutional inflows, and project-level execution. Toncoin (TON) has drawn significant attention, with $558 million in institutional accumulation, largely attributed to Nasdaq-listed Verb Technology, signaling strong long-term conviction and potential for a price breakout. According to analyst forecasts, a sustained close above the $3.70 level could push TON toward $4.20 or even $4.68, depending on market momentum [1]. This institutional backing, combined with DeFi and NFT integration efforts on the Telegram platform, positions TON for potential resilience amid broader market volatility.

Meanwhile, Solana (SOL) has seen an 18% weekly increase, currently testing the $185 resistance level. Analysts suggest that breaking this level with strong follow-through could propel SOL toward $256 in the coming weeks. However, mixed on-chain signals, including a Relative Strength Index at 57 and reduced trading volume, highlight cautious participation. The successful execution of this breakout will be key in determining whether the move is a temporary bounce or a more substantial trend [2].

BlockDAG (BDAG), a project gaining traction beyond short-term price action, is attracting investors with a robust security framework and operational transparency. Its $375 million presale, now in Batch 29, is priced at $0.0276 per token, with a confirmed launch price of $0.05. Audits by CertiK and Halborn have validated its codebase and smart contract mechanisms, while the platform's use of time-delay execution, multi-signature authorization, and DAG-based processing enhances its security and scalability. The X1 and X10 mining demonstrations further establish credibility, with the X1 app reaching over 2.5 million users and the X10 miner capable of producing up to 200 BDAG daily. A robust ambassador program also supports grassroots growth and community engagement [3].

The competitive landscape is shifting toward projects that deliver verifiable infrastructure and consistent execution. While TON and SOL offer high-potential price targets driven by technical and institutional factors, BlockDAG stands out for its pre-launch achievements and transparent operations. For investors seeking the best crypto to buy now, the combination of institutional support, bullish price forecasts, and operational proof of concept provides a compelling case for these three assets.

Source: [1]Toncoin Breakout Prediction Hits $558M, Solana Eyes $256, & BlockDAG’s $375M Presale Could Change Everything (https://coinmarketcap.com/community/articles/68a05e131a5a623e01742551/)