Tag: Solana

Solana ETF Prospects Brighten Amid Productive SEC Talks With Issuers

boss

Este artículo también está disponible en español. On Thursday, Fox reporter Eleanor Terret revealed that the US Securities and Exchange Commission (SEC) is actively engaging in discussions with several asset managers regarding the launch of the new spot Solana ETF market. The firms involved include VanEck, 21Shares, Canary Capital, and Bitwise, all seeking to introduce products tied to the Solana price. SEC Progresses On Solana ETF Talks According to sources familiar with the matter cited by Terret, discussions between SEC staff and issuers are currently “progressing.” The SEC is reportedly reviewing…

Solana hit a new milestone: reached all-time high $260

Solana (SOL), one of the most prominent blockchains in the world, just hit a new all-time high record of $260. Fillings for Solana’s crypto-related products boost the token price. Solana spot exchange-traded fund (ETF) has been proposed by several companies, including Bitwise, VanEck, 21Shares, and Canary Capital, to the Securities and Exchange Commission (SEC). This move came after the commission approved Bitcoin and Ethereum spot ETF earlier this year. Bitcoin even now had trading options from BlackRock and Grayscale, raising the price to $99k. After those fillings, the SOL (SOL)…

Solana Memecoin Rug-Pulled By Gen Z Kid Hits $80M Market Cap

boss

Este artículo también está disponible en español. A young crypto trader attempted to rug-pull a Solana-based memecoin on a live stream, but the crypto community joined to “teach him a lesson” by sending the token to an $80 million market cap. Related Reading Solana-Based Memecoin Rug Pulled By 12-Year-Old As the market enters the rally’s second leg, Solana memecoins remain the cycle’s top narrative, and many traders continue to try to find and profit from the next big thing. However, scammers continue to attempt to take advantage of the memecoin…

$4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern

boss

Este artículo también está disponible en español. The Solana price could be gearing up to reach a new ATH of $4,000, according to an analyst who highlighted its recent breakout from a massive Cup and Handle pattern. This bullish signal comes on the heels of recent gains in the Solana (SOL) price, which have pushed it significantly above the $200 mark, indicating strong upward movement. Solana Price Targets $4,000 Breakout A Crypto analyst identified as ‘CryptoRus’ has shared a longstanding prediction that suggests Solana could reach $4,000 by the end…

Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin

The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month to incentivize traders that swap into USDS and deploy it, said Rooter, the pseudonymous leader of borrow and lend protocol Save, which is handing out 400,000 worth of USDS a month to suppliers of the new stablecoin. Source

How Solana Meme Coin Reached a $300m Market Cap?

Ponke, launched in December 2023, quickly grew its market cap to over $300 million, becoming the tenth-largest meme coin. What is the main secret of success? In a recent interview with Decrypt, Ponke’s marketing lead, speaking in a gambling monkey costume, discussed how the product has succeeded in the Solana meme coin market. What is Ponke about? Ponke is another meme coin created on the Solana blockchain, which has already become one of the leading ones for the release of such assets in 2023-2024. Ponke is a meme monkey, similar in…

Two Solana Ecosystem Altcoins Jump After Crypto Exchange Bithumb Announces Trading Support

boss

Two Solana (SOL)-based altcoins are rallying amid sudden support from the South Korean crypto exchange Bithumb. Bithumb announced spot trading support starting on Tuesday for memecoin PONKE (PONKE) and automated market maker (AMM) protocol Raydium (RAY). Amid the news, monkey-themed PONKE has shot up more than 7% in the last 24 hours, trading for $0.77 at time of writing. The memecoin is up more than 90% in the last 30 days. With a market cap of $424.4 million, PONKE is the 198th largest crypto project. PONKE also recently gained spot…

Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed

boss

Este artículo también está disponible en español. Solana (SOL) is trading just 6% below its all-time highs, fueled by a remarkable 16% surge from the $212 demand level. The rally has caught the attention of traders and investors alike, as SOL’s price action showcases a strong uptrend.  Top crypto analyst Johnny shared his technical analysis on X, predicting that Solana may retrace to its previous yearly highs before launching a new attempt to break its all-time highs. This forecast comes during a period of euphoria, with SOL delivering a stunning…

Solana (SOL) Could Soon Rally Past $250—Are Bulls in Control?

Solana started a fresh increase above the $220 zone. SOL price is consolidating gains and might aim for an upside break above the $250 resistance. SOL price started a fresh increase after it settled above the $200 level against the US Dollar. The price is now trading above $225 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $237 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear…