Brian Kelly, founder and CEO of BKCM, a digital currency investment firm, stated that while he is still unsure about the imminent approval of a spot ether EFT, he trusts that it will be approved “at some point in time.” In an interview on CNBC, Kelly specified that solana (SOL) might be the next asset […] Source CryptoX Portal
“Long term, we do believe, should Trump get elected, crypto could see significant legislative and agency support (with a new SEC chair), to usher in long-lasting structural changes in crypto financial integration,” analysts Gautam Chhugani and Mahika Sapra wrote. Source
PRESS RELEASE. May 23rd, 2024. In an exciting development within the cryptocurrency market, Solana’s newest meme coin, $Thot, is rapidly gaining attention from investors worldwide. In just under a week, this meme coin has attracted over $100,000, marking its place in the competitive landscape of meme-based cryptocurrencies. $Thot, affectionately known as Thotiana, is leading a […] Source CryptoX Portal
Approval of a spot Ethereum ETF by the U.S. securities regulator could pave the way for a similar fund for Solana, according to Bloomberg analyst James Seyffart. Solana, the fifth-largest cryptocurrency by market value, might see its own spot exchange-traded fund (ETF) “within a few years” if the U.S. Securities and Exchange Commission (SEC) approves spot Ethereum ETFs, Seyffart indicated in a recent social media post. Based on current precedent/needs — Will happen within a few years of getting a CFTC regulated futures market. But congress & Market structure bills…
SOL is often cited as a contender to replace ETH eventually. This week’s market action shows how Herculean the task would be. Source
Jan Happel and Yann Allemann, the co-founders of the on-chain analytics platform Glassnode, recently suggested that Solana (SOL) could make a significant move to the upside in its Ethereum pair. They alluded to the likelihood of Ethereum rising higher as another reason SOL will likely “soar.” Solana To Make A 90% Move Against Ethereum Happel and Allemann, through their shared X account (@Negentropic), highlighted a “clear Cup and Handle pattern” on the SOLETH chart, which suggests Solana will move 90% from its current price level. They also noted that the…
Solana started a fresh increase above the $175 resistance. SOL price is up nearly 10% and might continue to rise if it clears the $188 resistance. SOL price jumped higher and tested the $188 resistance against the US Dollar. The price is now trading above $180 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $175 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could clear the $188 resistance unless it fails to stay above $175.…
A Monday rally during the U.S. trading day put an end to what had been very muted crypto price action over the previous 72 hours, pushing bitcoin (BTC) above $68,000 for the first time in more than five weeks. At press time, the world’s largest crypto was changing hands at $68,250. Source
Solana (SOL) struggles to gain traction as popular meme coin PEPE and viral utility coin ETFSwap (ETFS) record brand-new all-time highs. The cryptocurrency market is notorious for its wild swings, and this recent price divergence between Solana (SOL) and Pepe Coin (PEPE) perfectly exemplifies that volatility. While Solana (SOL) remains stagnant, Pepe Coin (PEPE) has skyrocketed to a new all-time high. Amidst these market developments, ETFSwap (ETFS) emerges as a revolutionary solution, offering a stable and accessible way to invest in crypto through tokenized ETFs on the blockchain. Solana (SOL)…
Solana (SOL) is riding a wave of investor confidence, with its price steadily climbing towards uncharted territory. This bullish trend has analysts scrambling for their charts and telescopes, predicting a potential price explosion that could propel SOL to its all-time high (ATH) and beyond. However, amidst the excitement, some experts urge caution, reminding investors that cryptocurrency seas can be treacherous. Related Reading Solana Sets Sail For Higher Ground The past week has been a banner one for Solana. The price has surged nearly 20%, surpassing a key resistance level at…