Weekend Wrap: SOL set for bronze, Bitcoiner fat fingers $100K fee and more

Franklin Templeton thinks Solana could be in the top three largest cryptocurrencies, with the blockchain’s tech in a good place to catch the next crypto wave.

Solana (SOL) — once thought “dead or forgotten” — is in a good place to become the third-largest cryptocurrency behind Bitcoin (BTC) and Ether (ETH), says investment manager Franklin Templeton.

Solana has dominated “in capturing the surge of activity in crypto from 2023 to 2024” and is “well-positioned to capture the next wave of crypto adoption, solidifying itself as the third major crypto asset,” the firm said in a May 2 market note.

Franklin Templeton pinned memecoins like Bonk (BONK) and Dogwifhat (WIF) along with “major airdrops” like Jito (JTO) and Pyth Network (PYTH) as kicking off a “wealth effect” on Solana which pumped token prices and boosted decentralized exchange volumes.

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