Solana

In recent weeks, Solana (SOL), the 5th largest cryptocurrency on the market, experienced a period of decline, hitting a two-month low of $121 on Friday. The coin’s value struggled to break above the $188 level in May, resulting in a continuous downtrend further exacerbated over the past seven days with the general market’s correction.  However, crypto analyst Jelle has sparked optimism by suggesting the potential for substantial gains for SOL in the coming months, reminiscent of the fabled “Solana Summer”…

The post Solana (Sol) Price Poised For A Massive Surge To $600, Veteran Crypto Investor Hints appeared first on Coinpedia Fintech News Solana has been making strong moves on the market recently as the price recovery keeps on sticking. With the recent price surge to $141.7, Solana seems to be making strong resistance at this price.  Meanwhile, a well-known crypto investor Crypto Jelle expresses bullish sentiments about Solana (SOL), drawing parallels between its current market behavior and its performance in…

After falling below the $121 price mark last week, the Solana has shown a strong rebound. The SOL price is up 19% from the local low. But the current setup of the Solana price suggests the potential for an even stronger upward breakout, similar to that of summer 2021, according to popular crypto analyst Daan de Rover, better known as Crypto Rover. From the end of July 2021 to the beginning of November 2021, SOL rallied by more than 1,100%.…

Cboe files for approval with the SECs to list Solana-based ETFs. The potential listing of Solana ETFs will expand Cboe’s product portfolio in the cryptocurrency space. Leading asset management firms VanEck and 21Shares are set to introduce Solana ETFs in the United States. The Chicago Board Options Exchange (Cboe) has now officially filed for approval with the Securities and Exchange Commission (SEC) to list Solana-based ETFs. The Cboe then filed for two 19b-4 waivers with the SEC to list these…

The post XRP Lacks Key Elements Like ‘Customer Demand’ for ETF Approval; Solana Meets All Criteria appeared first on Coinpedia Fintech News Matthew Sigel, Head of Digital Assets Research at VanEck appeared on Thinking Crypto’s podcast and opened up about Ethereum, Solana and XRP ETFs. The SEC’s approval of eight Ethereum ETFs, including those from BlackRock and Fidelity, has fueled speculation about the potential for an XRP spot ETF. After the approval of a Bitcoin ETF, attention shifts to other…

The post Bitcoin to Reach $250K, Solana to Surge to $800: Here’s How And Why appeared first on Coinpedia Fintech News A popular analyst has raised his price target for Solana (SOL), projecting a potential value of $480 by the end of 2025, with a high-end estimate reaching $800. Virtual Bacon’s latest forecast hinges on several key metrics, including Solana’s supply and market cap. Currently, Solana has a supply of 579 million tokens with an annual inflation rate of 5.2%.…

An analyst has explained how Solana (SOL) is currently mirroring the same pattern that led to a bullish breakout for its price back in 2021. Solana Appears To Be Showing Similar Trend To 2021 Right Now In a new post on X, analyst Ali Martinez has discussed about how the pattern recently forming in SOL has been reminiscent of what the cryptocurrency showed back in the July of three years ago. Below is the chart shared by the analyst, that…

The post PayPal PYUSD Stablecoin Supply Shot Up By 90% After Expanding To Solana Blockchain appeared first on Coinpedia Fintech News The PayPal PYUSD stablecoin supply in the market has shot up by 90% ever since it expanded to the Solana blockchain in May. Its market cap has surpassed $500 million as of July 8. Notably, 77% of its total supply i.e. $399 million is currently on Ethereum. The rest 23% i.e. $118 million is on the Solana blockchain network.…

Currently, the price of Solana has been showing resilience amid market volatility. This recent performance of SOL has raised rally optimism among market participants as to whether the digital asset’s price could potentially reach the $160 mark in the upcoming days. Particularly, this article aims to provide technical insight on recent price performance and technical indicators that suggest the potential for the crypto asset to hit $160 focusing on the 4-hour and the 1-day chart.  At the time of writing,…