Solana Price Prediction, Pi Network News, and an ETH Layer 2 Predicted to Deliver 5,000% Gains

News

  • SOL holds above $219 despite a slight pullback, supported by strong liquidity, predictable issuance, and ecosystem adoption.
  • PI is grappling at a very low of $0.27 with oversupply issues and waning buzz taking their toll on its reliability in the long run.
  • ETH will be consolidated around $4,200 and Layer 2 scaling is expected to open up exponential growth in the future.

The cryptocurrency markets are not dead as Solana maintains its uptrend, Pi Network gets into trouble, and Ethereum reinforces itself at significant highs. Solana is reportedly resilient with robust liquidity, ecosystem expansion, and Pi Network is reported to be increasingly challenged with supply, and declining momentum. In the meantime, Ethereum continues to be the best smart contract platform, and scaling solutions and Layer 2 projections drive ambitious long-term expansion plans.

Solana Maintains Uptrend Despite Pullback

Solana fell in the market to 219.58 and fell by 1.8 percent, but the big pricing picture of this company has been upwardly trending since mid-2023. The market capitalization stood at 119.3 billion with a full dilution standing at 134 billion. The past 24 hours trading volume exceeded 8.38 billion indicating great participation and liquidity.

                  Source: Coingecko

Historically, Solana surged in 2021 before facing a steep correction during 2022, followed by a prolonged consolidation period. Activity in decentralized applications and scalability improvements reignited momentum in mid-2023, fueling multiple rallies. The chart highlights higher highs across successive cycles, signaling robust recovery.

The circulating supply stands at 543 million SOL against a total supply of 610 million, ensuring a predictable issuance structure. This relatively limited float supports continued price appreciation. Solana’s resilience against volatility positions it as a strong competitor to Ethereum in the smart contract and DeFi space.

Pi Network Struggles to Find Stability

Pi Network traded at $0.2739 after falling 7.7% in 24 hours, with price action constrained within $0.2633 and $0.2967. Its market capitalization reached $2.24 billion, while its fully diluted valuation was higher at $3.45 billion. Trading volume remained moderate at $69 million.

                            Source: Coingecko            

Pi surged dramatically at launch in March, briefly pushing its market cap toward $12 billion. Enthusiasm faded quickly as speculative interest cooled, leading to sharp declines through April and May. A short rebound in late May offered temporary relief, but persistent selling followed.

The token’s circulating supply of 8.19 billion out of a total 12.61 billion highlights ongoing concerns about dilution. With a maximum supply capped at 100 billion, sentiment remains under pressure. The chart indicates Pi is searching for stability within a narrow band, yet risks testing lower levels.

Ethereum Consolidates Near Highs

Ethereum traded at $4,194.35 with a slight 0.3% daily decline, holding between $4,125.36 and $4,220.47 during the session. The market capitalization reached $506 billion, reinforcing Ethereum’s dominance as the second-largest cryptocurrency. Trading volume over the past 24 hours stood at $32.9 billion.

                         Source: Coingecko    

Ethereum’s trajectory reflects multiple growth cycles since 2017, with notable surges in 2021 and a recovery phase beginning in late 2023. Decentralized finance, NFTs, and smart contract adoption continue to drive usage. The chart shows Ethereum approaching its previous highs with strong momentum.

The circulating and total supply remain fixed at 120.7 million ETH, ensuring consistency across valuation metrics. Ethereum’s transition to scaling solutions supports expectations of further adoption. Analysts anticipate Ethereum Layer 2 networks could deliver significant growth, with predictions reaching 5,000% gains in the coming years.

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