- Solana holds firm at $149 with strong network activity and $271 million in quarterly revenue backing a possible move to $200.
- Stellar (XLM) jumped 30%, surpassing Avalanche in market cap amid a bullish DeFi milestone.
Solana price is holding steady at $163.49 today after bouncing back from $142 earlier this week. The market is bullish, and traders are watching closely as the coin sits just under $170 resistance. With vigorous activity on the network and healthy revenue, Solana is well-placed for another move up.
In tandem, Aptos (APT) and Stellar (XLM) are also showing a massively bullish trend on the daily chart.
Solana Sees Growing Usage as Price Holds Firm
Marketcap data shows that the price of the sixth-largest cryptocurrency, Solana, kept its footing around $163.60, up 4.98% as of writing.
This shows signs of strength after a slow climb. It is not pushing higher yet, but it is not falling either amid bull-bear balancing as of writing. Notably, this comes as activity on the Solana network remains strong.
To complement current outlook, the number of monthly users has grown to match all other major Layer 1 and Layer 2 blockchains combined. That is a sign people are using the platform, and not just speculating.
Network earnings continue to back that up. As discussed in our previous news, Solana brought in over $271 million in revenue for the third quarter in a row. The protocol achieved this feat after it outpaced Ethereum, Tron, and Bitcoin.
Market participants believe that this kind of performance gives the cryptocurrency more room to climb if the broader market picks up again. Due to the current price outlook, it could set up a run toward $200. For now, it is waiting for a push, but the setup is solid.
In related Solana news, CNF reported that Bee Maps, backed by Solana, partners with Volkswagen to collect street-level data via dashcams. Also, they will be rewarding users with HONEY tokens. In addition, as noted earlier, Emirates Airline plans to integrate Crypto.com Pay. This will enable customers to use Solana and other digital assets to purchase tickets.
Stellar Breaks Out, Aptos Moves Up as Buyers Return
Stellar (XLM) surprised the market with a 30% jump to $0.3224 at its peak over 24 hours.
Within this period, trading volume shot up, hitting $689.05 million. That kind of movement is rare in a slow market and shows genuine interest. On top of that, Stellar now has a market capitalization of $10.08 billion.
Meanwhile, more people are locking up their tokens in DeFi platforms instead of just trading them. With this rally, Stellar has now passed Avalanche in market cap. Still, large institutions are paying attention, too. Franklin Templeton and Circle have placed around $500 million in U.S. Treasuries on Stellar’s network. This backing aims to help build more trust.
Similarly, Aptos also made gains, climbing 8.11% in 24 hours to trade around $4.93.
Analysts identified strong support at $4.57, and technical setups suggest it could reach $5.20 soon. The token is also getting attention after the company named Solomon Tesfaye as its new head of business development for institutions.
Until now, crypto prices have remained flat for weeks. Ultimately, recent activity around Solana, Stellar, and Aptos shows that select altcoins are still attracting interest. Meanwhile, as noted in our previous report, Bitcoin has reached a new all-time high of $118,000, fueling the broader altcoin resurgence.
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