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Solana Price Targets $300 As SOL Outperforms All Networks With $50M Weekly dApp Revenue Solana (SOL) trades in the red today, May 13, but strong fundamentals, including a surge in weekly decentralized application (dApp) revenue, suggest that the Solana price may witness a bull run to $300. On-chain data suggests that the Solana blockchain has outperformed all other layer one and layer two networks, which is a bullish indicator for the token. SOL briefly hit the $180 barrier on Monday before facing strong rejection as traders booked profits, causing a reversal to trade at $171 at press time. Solana price is teasing a breakout from the resistance line of an ascending parallel channel, but it has been rejected at this level several times. However, as it is successfully defending the midline support, a breakout from the upper resistance is likely to happen, and it may fuel more gains. Besides this bullish channel, a golden cross is looming as the 20-day EMA tips north and nears a convergence with the 200-day EMA. If the trend depicted by the two trendlines continues, and a crossover occurs, it may spark the next bullish leg for SOL price past the $177 resistance level to the previous all-time high of $296, towards $300. The RSI indicator also confirms that the momentum is bullish and Solana may cross $200 soon, given the reading of 69, which confirms that buying pressure is still strong. Besides the bullish technical outlook, network fundamentals also confirm that bulls will likely continue driving the upward momentum for the Solana price. The Solana blockchain outperformed all the other layer one and layer two networks in terms of revenue earned by decentralized applications (dApps) last week. Data from DeFiLlama shows that during the week, Solana revenues surpassed $50 million while the network’s dominance reached 51.6%, which was over three times higher than Ethereum’s 14.23%. Solana’s revenue growth is a bullish indicator for the SOL price as it could bolster investor confidence and help push the altcoin higher. This surging metric confirms that, despite Solana price retreating after facing rejection at the $180 resistance level, the altcoin is targeting more gains. Data from DappRadar also shows that in the last seven days, dApp volumes on the Solana network rose by 50% to $1.61 billion, while transactions during the week came in at $138 million. The surge may be linked to a SOL meme coin frenzy that has pushed their market cap above $14 million. Rising Open Interest Also Supports a Bullish Case The Solana open interest has been on a steady rise, and despite the recent decline in price, the metric has continued with an upward trend and recently reached $6.92 billion, marking the highest level since late January. The rising OI shows a high level of conviction among traders that the price of SOL will continue to rise. This outlines a positive Solana price forecast, as bulls target the next key levels above $200 and a fresh all-time high of $300. Therefore, as the Solana blockchain continues to grow and outperform the other layer one and layer two networks, SOL price may continue with an upward trend and possibly target an all-time high level above $300. $SOL

U.S. CPI rises 2.3% year-over-year in April, below expectations The U.S. Consumer Price Index (CPI) rose 2.3% year-over-year in April, slightly below market expectations of 2.4%, according to data from the U.S. Bureau of Labor Statistics shared by @Investingcom. On a monthly

1. Bitcoin (BTC) Price: $102,919 24h Change: -1.46% Bitcoin dipped below $103,000 as traders await US CPI data. Market is cautious but still bullish long-term. 2. Ethereum (ETH) Price: $2,465.45 24h Change: -4.20% ETH pulled back after reaching $2,600. Still strong above $2,400 with potential for further gains. 3. XRP (XRP) Price: $2.50 24h Change: +2.88% XRP rose with momentum, driven by ETF speculation. It briefly passed Tether in market cap. Market Summary: Bitcoin: Slight decline, technical pullback. Ethereum: Stable with long-term strength. XRP: Bullish trend, high investor interest. Market sentiment: Mixed, waiting for CPI data impact.

The crypto market generally fell back, only PayFi and CeFi sectors remained relatively strong According to SoSoValue data, the crypto market generally pulled back, with Bitcoin (BTC) falling 1.47% in 24 hours to around $102,000. Ethereum (ETH) pulled back for three consecutive days, falling 2.22% in 24 hours, falling below $2,500. In addition, the PayFi and CeFi sectors were relatively strong, rising 3.30% and 0.04% respectively. In the PayFi sector, XRP rose 3.56%. In the CeFi sector, LEO Token (LEO) rose 3.70%. The crypto sector index, which reflects the historical market conditions of the sector, shows that ssiPayFi rose 3.43% in 24 hours and ssiCeFi fell 0.17%, with weekly returns of 14.39% and 8.85% respectively. In terms of other sectors, the Layer1 sector fell 1.37% in 24 hours, the NFT sector fell 1.98%, but Moca Coin (MOCA) rose 3.59% against the trend; the DeFi sector fell 3.27%, and Ethena (ENA), which had previously risen sharply, fell 11.79%; the Layer2 sector fell 3.44%, and the Meme sector fell 4.15%, but dogwifhat (WIF) remained strong, surging 9.58% during the session.

Japanese investment firm Metaplanet has added to its Bitcoin reserve with a fresh purchase worth $126.7 million on May 12. The latest move brings the company’s total Bitcoin holdings to 6,796 BTC. The development was shared by CEO Simon Gerovich on X. He revealed that the firm has bought 1,271 BTC at a price of $102,119 per coin. In total, Metaplanet has spent around $608.2 million on Bitcoin so far, with an average cost of $89,492 per coin. The company measures its progress using BTC Yield, a key metric that shows the percentage increase in Bitcoin held per fully diluted share. Between January and April 2025, Metaplanet has already hit a 170.0% BTC Yield year-to-date. The Tokyo-listed firm’s accumulation strategy has picked up speed in recent months. Just days before the latest buy, it had purchased 555 BTC on May 7. In April, it made four separate buys, adding up to 18,586 BTC. March was even busier, with six Bitcoin purchases totaling 18,925 BTC. Notably, each was larger than the one before. To fund its Bitcoin strategy, Metaplanet has relied on bond issuance and stock acquisition rights. Its most recent fundraising effort, the 13th Series of Ordinary Bonds, secured $25 million on May 7. With 6,796 BTC now in its reserves, the outfit is 68% of the way toward its 2025 goal of 10,000 BTC. Its broader ambition is to accumulate 21,000 BTC, equivalent to about 0.1 percent of the flagship cryptocurrency’s total supply. Following the latest announcement, Google Finance data shows that the company’s shares rose by 4.96% in the last 24 hours, and is trading at ¥550.00. Metaplanet’s aggressive Bitcoin accumulation has led to frequent comparisons with Strategy. Blockstream CEO Adam Back has argued that the company’s approach is even outperforming its rival’s. In a May 10 X post , Back referenced a metric called “months to modified NAV cover,” which tracks how quickly Bitcoin gains can offset a company’s net asset value. According to him, Metaplanet achieved a two times return on its Bitcoin position in just three months, while it took Strategy 19 months to reach similar results. He also noted that the former’s modified NAV is increasing 3.8 times faster. Based on this growth, the CEO suggested the firm’s share price could rise from 533 yen to 1,340 yen. Meanwhile, CEO Simon Gerovich recently pointed out that the company now holds more Bitcoin than El Salvador. In a post on X, he remarked: “From humble beginnings to rivaling nation-states, we’re just getting started.” El Salvador currently ranks as the sixth-largest nation-state holder of the cryptocurrency, with 6,714 BTC valued at around $642 million.