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Solana and Cardano are attracting institutional attention as analysts rate 1Fuel as a promising altcoin.
It’s been a busy December in the cryptocurrency market. Solana (SOL) is in the spotlight with a new wave of institutional interest, Cardano (ADA) is showing a recovery and 1Fuel (OFT) has surpassed $850,000. With a potential for a 500x return, 1Fuel stands out as a project that combines privacy and utility. Its technological improvements and market placement have encouraged analysts to list it among the altcoins to watch in 2025.
Solana is receiving a new wave of institutional interest
From its inception, Solana has captured the interest of traditional institutions involved in crypto. Partnerships with Microsoft and Google Cloud have been a big part of SOL’s growth, as the company has grown 37,800% from its all-time low price of $0.505.
Recently, SOL has seen a new wave of interest from institutional investors in the form of Solana-based ETFs (Exchange Traded Funds). Prominent names such as Grayscale and 21Shares have filed for Solana-based ETFs with the US Securities and Exchange Commission (SEC).
ETFs have historically contributed to huge inflows and major market activity. In January 2024, when Bitcoin ETFs were approved, BTC rose by 181.52%. Additionally, assets under management increased to $110.72 billion. If the ETF applications are approved, SOL could be in for a significant run-up.
