Solana News Today: SOL Breaks $240 While AVAX and RENDER Attract Investor Buzz

The crypto market has become bullish again with Solana, Avalanche, and Render all making headlines. But many analysts also say MAGACOIN FINANCE is an undervalued altcoin worth watching closely, as investors look for fresh picks beyond the big names.

Solana Eyes Higher Targets

Solana (SOL) continues to draw attention as it trades above $240 , posting a steady 15% gain this week. Analysts such as Matt Hughes see a near-term target of $670, nearly tripling from current levels, with some even pointing to a long-term upside above $1,000.

This comes as Solana edges closer to retesting its all-time high of $294, a level it briefly broke earlier this year before retracing to $96 in April.

Institutional flows are helping drive this optimism. Forward Industries recently raised $1.65 billion to acquire Solana for its treasury, with Galaxy Digital facilitating the buy.

Pantera Capital is also eyeing a $1.25 billion Solana-focused treasury, adding to the growing demand. On top of that, multiple SOL ETFs are awaiting SEC approval, which could launch as early as October.

Galaxy Digital CEO Mike Novogratz highlighted Solana’s speed and adoption in a CNBC interview, calling it a leading candidate for the next wave of crypto inflows. Analysts like Scott Melker also expect Q4 2025 to be “SOL season,” noting that ETF approval could set off a new rally.

Avalanche Sees Treasury Interest

Avalanche (AVAX) has been gaining traction, thanks to news that Hivemind Capital and Dragonfly Capital are in talks to raise $1 billion for digital asset treasuries that would acquire large amounts of AVAX. If these deals close, they could control around 8% of the circulating supply, reducing sell pressure in the market.

On the adoption side, Avalanche subnets now host platforms like FIFA’s NFT project and Nexon’s MapleStory chain. While daily transaction growth surged 170% in Q3, some metrics like DEX activity have slowed. AVAX also faces competition from Ethereum’s L2 ecosystem and Solana’s higher throughput.

Meanwhile, the SEC has pushed back its decision on Grayscale’s spot AVAX ETF to early 2026. With AVAX still trading far below its all-time highs, investors are watching whether these treasury moves can spark renewed momentum.

Render Expands Into AI

Render (RNDR) is riding the AI wave, with its token trading at $3.96 after a weekly gain of more than 15%. The network processed over 1.49 million frames in July and is onboarding U.S.-based nodes for AI tasks such as inferencing. This shift into AI compute is seen as key to the project’s long-term utility.

The Render team also launched a Bounty Platform to incentivize GPU providers, while its burn-and-mint tokenomics tie demand directly to RENDER supply. With 5,600 nodes active and growth in AI-related workloads, Render is positioning itself in the expanding $42 billion AI crypto sector.

Competition remains, with projects like Akash and io.net also building AI-focused GPU networks. But Render’s Solana-based model and expanding partnerships give it a solid foothold as enterprise and creative industries explore decentralized compute solutions.

Why MAGACOIN FINANCE is Gaining Attention

While Solana, AVAX, and Render trend, MAGACOIN FINANCE is fast becoming an analyst pick for those seeking undervalued altcoins. Unlike older projects, it is new, agile, and seen as capable of faster moves once listed on centralized exchanges. Analysts suggest it could deliver 15x gains quicker compared to larger caps.

Why MAGACOIN FINANCE?

• Diversification pick as investors rotate from crowded coins
  
• Undervalued altcoin with fresh entry opportunity
  
• Listing is incoming on CEX, creating urgency
  
• Analysts call it one of the best altcoins to buy in 2025

Final Takeaway

For traders, the crypto market today offers both established plays like SOL, AVAX, and RENDER and new undervalued picks like MAGACOIN FINANCE . Those who position early often capture the biggest upside. With listings ahead, visiting the project’s channels could be a timely move:

• Website: https://magacoinfinance.com
• X: https://x.com/magacoinfinance
• Telegram: https://t.me/magacoinfinance