Neither DogeCoin nor XRP nor Bitcoin: this is the favorite cryptocurrency for October

This cryptocurrency is emerging as the favorite in October due to its scalability, growing institutional use, and ETF prospects, surpassing other popular ones such as Dogecoin and Bitcoin.

Over the past few months, the cryptocurrency market has shown renewed interest in Solana (SOL), positioning it as one of the preferred cryptos for October, attracting a lot of attention for its potential against traditional benchmarks such as Bitcoin, XRP and Dogecoin. Its appeal lies in a combination of technical, financial and strategic factors, which have consolidated SOL as one of the most attractive options for investors and developers in the current crypto ecosystem.

To the date, Solana Solana stands out especially for its technical features, which give it a significant advantage in executing fast and cost-effective transactions. This scalability, coupled with significantly low fees, makes it an ideal platform for developing decentralized applications on Web 3. Furthermore, the advancement and proliferation of the ecosystem supporting Solana has generated positive expectations for its future, reinforced by its growing entry into the institutional market.

The technology and ecosystem driving the preference for Solana

Solana's infrastructure is designed to support a high volume of operations quickly and efficiently, surpassing many other blockchains that face scaling limitations in this regard. This technical capability makes it easier for companies and developers to build complex projects, from decentralized financial platforms to social applications and games, while keeping interaction costs low for users.

This favorable environment has fostered the consolidation of a dynamic Web3 ecosystem that drives innovation at Layer 1, where Solana has positioned itself as a favorite. The health and expansion of this ecosystem are a fundamental pillar of its long-term value, as adoption and actual use of the network help maintain its relevance and growth.

In parallel, a key dimension supporting SOL's rise is the growing institutional interest. According to Nate Geraci, president of NovaDius Wealth Management, several fund management firms are updating their regulatory filings, specifically the S-1 forms, to obtain Securities and Exchange Commission (SEC) approval for Solana-based spot ETFs. This type of financial product would allow individual and corporate investors access SOL in a regulated manner, which could attract fresh capital and consolidate Solana's position in global markets.

Solana strengthens its position with institutional support and an increasingly strong network.

Institutional support is another factor that gives Solana greater strength at present. To date, at least 18 public companies have adopted SOL as a strategic asset within its reserves, with an accumulation exceeding 20 million tokens, valued at more than 4.000 millionFor experts, this action reflects a growing confidence in Solana, not only as a cryptocurrency for speculative trading but also as a reserve asset with utility and appreciation potential.

In addition, these companies have begun to take advantage of the mechanism of staking, placing more than 12,4 million tokens in this form. Staking not only generates additional returns for SOL holders, but also strengthens the security and stability of the network, creating a virtuous cycle where active participation contributes to the proper functioning and credibility of the blockchain.

On the other hand, in terms of its market position, Solana is listed as the sixth most important blockchain, with a market capitalization of around $111.500 billion. Its price per unit is around $205, and it has experienced a growth of 35% so far in 2025. However, this increase, although modest at first glance, is part of a sustainable upward trend This is reflected in a cumulative growth of over 22.000% since its launch in 2020. The above figures underline the potential and consolidation of this cryptocurrency in the highly competitive crypto market.

A strategic option in the crypto market

The preference of many investors and users for Solana is based on a set of factors that go beyond speculative tendencies. Its advanced scalability and performance technology, along with a robust and developing ecosystem, give it a solid foundation within the blockchain universe.

Furthermore, growing institutional adoption and the potential arrival of regulated SOL-based ETFs in the US market expand opportunities for investors and strengthen the legitimacy of this digital asset.

By combining technical features, corporate backing, and growth potential, Solana has managed to position itself above other widely known cryptocurrencies in terms of attractiveness at this specific market moment. All of these elements make SOL a strategic alternative for those seeking to diversify with innovative and sustainable projects within the cryptocurrency sector.