The post Solana Price Prediction: Race For Solana ETFs Heats Up As Investors Accumulate 2 Altcoins Causing A Stir In The Market With Their Innovative Presales! appeared on BitcoinEthereumNews.com.

Several institutions have filed for a Solana Spot ETF, but a few days ago, Fox News reporter Eleanor Terrett revealed that two of the five applications have been denied as SEC chair Gensler’s ‘parting gift’ to the industry. Meanwhile, amidst a general market downturn, two MemeFi presales are attracting attention, with one set to go live today. SEC Delays Push Solana ETFs to 2024 As Solana is now the fourth biggest crypto by market capitalization, predictions that it will be the Ethereum killer seem possible. And asset managers are keen to get a slice of the Solana pie, with Cboe, Bitwise, VanEck, 21Shares, and Canary Capital being some of the applicants for Spot ETFs, and Grayscale requesting to convert their Solana trust to a Spot ETF. However, as the current SEC administration is determined to view Solana as a security, and has denied two filings already, they will likely need to wait to refile when Trump takes power and Gensler steps down on the 20th of January. According to CCN, the SEC has 240 days to consider a Solana Spot ETF, though a decision could come sooner. From a technical analysis perspective, Solana is showing neutral and sell signals on the daily charts, but on the weekly ,it’s showing neutral, buy, and strong buy. Weekly TA signals from TradingView In the long run, today’s price dip may present a buying opportunity for SOL, which, if it reaches the market cap of Eth would be worth around $900 a coin. If Solana were to achieve the same market cap as ETH at its all-time high then we could see a price of around $1200 a coin at some point. PEPU Aims to Dominate Memecoins With Its New Chain There’s been a presale that’s been appearing on top 10 lists for the…

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Filed under: News - @ December 12, 2024 1:27 pm