VanEck Predicts Solana Could Reach 50% Of Ethereums Market Cap, Targeting $330 Per SOL

Currently, Solana (SOL) is the fifth-largest cryptocurrency, with a market capitalization of approximately $71 billion. Following the recent decision by the US Federal Reserve to cut interest rates by 0.50% on September 18, the cryptocurrency market has seen a resurgence in investor confidence, leading to notable price increases for SOL. In light of these developments, [...]

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Solana Epic Bull Run Is Just Starting 10 Catalysts That Could Drive SOL To $1,000

In a major turnaround, Solana (SOL) has managed to bounce from a 6-month low of $109 to consolidate above the $150 mark in the past 24 hours, solidifying its status as one of the best performers in the market year-to-date. The recent market rally has breathed new life into Solana, but according to crypto analyst [...]

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Solana Price Could Eclipse $1,400 As Massive Bull Flag Emerges

The Solana price has surged over 33% in the past two weeks, and according to crypto analyst Ali Martinez (@ali_charts), this could be the precursor to a much larger rally. In the weekly chart (SOL/USD), the Solana price exhibits a major bullish pattern, suggesting a potential surge beyond the $1,400 mark. Is $1,400 Next For Solana? Martinez highlighted a “bull flag” formation, a classic continuation pattern in technical analysis that could signify a significant upward movement in Solanas value in the upcoming months. The bull flag nobody is talking about! Martinez commented. The chart displays a bull flag pattern, identified through a sharp upward trend followed by a consolidating downward channel. This pattern began forming after a strong price increase from mid-September last year, where Solana ascended from around $17.50 to a peak of approximately $210. Following this rise, the price began to consolidate, forming a downward sloping channel that suggests a period of accumulation and potential buyer exhaustion after the initial surge. Related Reading: $174 In Sight: Analyst Projects Major Surge For Solana (SOL) The flagpole, an essential component of the bull flag pattern, was established by the initial steep increase in price, while the flag itself is represented by the subsequent consolidation phase. This phase is depicted by a series of higher lows and lower highs, converging into a narrowing point that suggests decreasing volatility and tightening price rangesa typical precursor to a potential price breakout. According to Martinez analysis, the price of Solana stands at $157.98 and thus just below the upper trendline of the channel. The consolidation has formed within a tight range, with the upper and lower boundaries clearly marked by trend lines converging towards a point on the chart projected to occur soon. The critical support level, as observed from the consolidation phase, is near the $130 mark, with the resistance level just slightly above the current price, around $160. Related Reading: Solanas Popcat Nears $1 Billion Market Cap After Hitting ATH If the bull flag pattern holds true to its typical implications, a breakout could be expected upon reaching the apex of the converging trend lines. Historically, the projected target of a bull flag breakout is estimated by measuring the length of the flagpolemore than 1,000% in SOLs caseand projecting it upwards from the point of breakout or from the support level (in a more conservative alternative). This calculation would position the potential price target for Solana above $1,400, according to Martinez chart. In the more conservative scenario, Solana could also reach at least $1,300. Key Resistance Levels For SOL On the way towards the enormous price target, there are several resistances and intermediate price targets to overcome. In the short term, the 0.618 Fibonacci retracement level at $163 is the most important. Known as the “golden ratio,” this is currently the most watched resistance. Afterwards the 0.786 Fib at $205 needs to be watched as a last major resistance before a price returns to the November 2021 all-time high at approximately $260. The Fibonacci extension levels further offer potential targets if the Solana price surpasses its original high. The 161.8% extension at $415.23 marks a significant target for initial price discovery. Subsequent levels like the 261.8% extension at $666 and the 361.8% level at $918 are crucial in a very strong trend where the price extends well beyond the initial range. Remarkably, even the 423.6% extension only predicts a rally in Solanas price up to $1,074. Featured image created with DALL·E, chart from TradingView.com

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Solana Price Tipped For Explosive 1,800% Rally, Analyst Foresees $2,800 Price Target

The Solana price has experienced a significant decline, mirroring the price action of major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) over the past month. However, a crypto analyst has identified a significant parallel between the price movements of Ethereum in 2017 and Solana’s recent price performance. In a recent social media post, crypto analyst [...]

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Crypto Analyst: Solana Goes Parabolic Soon As Firedancer Draws Closer

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%. The chart shared by Rover displays Solanas price action on a weekly timeframe, showcasing the formation of a descending triangle pattern similar to 2021. A descending triangle in this setting can be considered a continuation pattern, often leading to a breakout to the upside, especially following a prior uptrend. Currently, SOL is trading around $141. The base of the triangle, acting as a support zone, is between approximately $120 and $130. Meanwhile, the descending upper trendline currently caps the price. Related Reading: Bonk Inu (BONK) Skyrockets 10%, Dethroning WIF As Solanas Largest Meme Coin If the Solana price breaks above this descending trendline, Rover predicts that Solana could repeat history and explode beyond $800. SOL will go parabolic soon, Rover asserted via X. However, investors need to monitor the $120 support level closely. A sustained move below this could invalidate the bullish scenario, whereas a strong upward push through the triangle’s upper boundary could set the stage for the anticipated rally. Potential Catalyst: Solana 2.0 Makes Major Progress A potential catalyst for the breakout comes from the Jump Crypto team. The Solana network is about to get a major infrastructure update with the new Firedancer client which is currently being developed. @CantelopePeel, an engineer at Jump Crypto, shared via X today, Full Firedancer client built its first accepted block on Solana testnet. Full Firedancer client built its first accepted block on Solana testnet. pic.twitter.com/T7FgkbHT8N CANTELOPEPEEL (@CantelopePeel) July 10, 2024 He added, “Of course what you are not seeing here is that Firedancer built another 3 blocks after this, got skipped, then detected that it had mismatched against the rest of the cluster, and then summarily shutdown (gracefully, of course).” Related Reading: Solana Mirroring 2021 Bullish Pattern, Crypto Analyst Reveals The transparency in detailing both successes and hurdles reflects the ongoing complexity to scale the technology. “Fixing that is a tomorrow problem! Still a ton more to do, but hey at least you can see it on the blockchain now!” he added. This introduction of the Firedancer client to the Solana ecosystem is probably the biggest technical update thus far. Helius Labs CEO Mert Mumtaz expressed his enthusiasm for the progress via X, noting, “Firedancer has been achieved internally. No one is ready for this. Accelerate.” His remarks underscore the disruptive potential of the new client. He further elaborated on the significance of this development: “Firedancer is the 2nd Solana client (the software that nodes run) and arguably one of the most performant pieces of open source software ever created. Solana 2.0 if you will.” On Monday, Jump Crypto announced a new bug bounty initiative targeting Firedancer v0.1, nicknamed Frankendancer. As reported by Bitcoinist, this security initiative invites developers and ethical hackers to probe the client for vulnerabilities. The initiative comes with a substantial $1 million prize pool, facilitated through the cybersecurity platform Immunefi. At press time, SOL traded at $142.82. Featured image from Shutterstock, chart from TradingView.com

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Solana Primed For Massive Gains: Crypto Pundit Forecasts $600 Price Target

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 markets correction.  However, [...]

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Crypto Analyst Predicts Massive Solana Price Crash Using Elliott Waves

In a technical analysis, renowned crypto analyst Gert van Lagen presented an extremely bearish outlook for Solana (SOL), suggesting that its price is poised for a substantial downside move. Van Lagen’s analysis is underpinned by the widely acclaimed Elliott Wave Theory, a methodology that seeks to identify recurring patterns and cycles in market price movements. Why The Solana Price Could Crash At the core of Van Lagen’s analysis lies a dissection of Solana’s price action over the past few years. According to his assessment, the year 2021 marked the culmination of a clean Elliott Wave trend for Solana, signaling the end of a bullish cycle. This uptrend is characterized by a specific pattern of five waves, with the final wave acting as the climactic move before a reversal. Moving into 2022, Van Lagen’s analysis identifies the unfolding of the A-wave down, which he classifies as the first leg of a prolonged bear market. Crucially, this A-wave down exhibits a distinct pattern of five subwaves, aligning with the principles of the Elliott Wave Theory. The presence of these subwaves is a key indicator that the downtrend is likely to persist, as they are believed to reflect the underlying market sentiment and psychology. Related Reading: Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kittys Return In 2023, Van Lagen observed the formation of the B-wave, a corrective rally within the broader bear market context. Just like the A-wave, this B-wave is composed of five subwaves, adhering to the Elliott Wave Pattern for corrective movements. The identification of this B-wave is crucial, as it suggests that the overall downtrend has not yet been fully exhausted and that further downside momentum may be forthcoming. As the analysis shifts to 2024, Van Lagen’s expectation is for the C-wave to materialize. In the Elliott Wave Framework, the C-wave is the final leg of the broader bear market cycle, and its occurrence would potentially mark the completion of the ongoing downtrend for Solana. Notably, Van Lagen’s analysis also highlights the presence of bearish divergence on the weekly Relative Strength Index (RSI), a widely used momentum oscillator. Bearish divergence occurs when the price makes higher highs while the RSI fails to confirm these highs, potentially signaling a forthcoming trend reversal or a loss of bullish momentum. Related Reading: Solana Remains Institutional Investors Favorite, YTD Flows Ramp Up To $29 Milion Van Lagen posted via X: I’m short on SOL –> ready for the next leg down. 2021: Finalized a clean Elliottwave up; 2022: A-wave down of prolonged bear market <- 5 subwaves; 2023: B-wave of prolonged bear market <- 3 subwaves; 2024: Expectation is C-wave down. Bearish divergence on the weekly RSI. Notably, the analyst refrains from specifying an exact price target. However, the blue arrow on the chart suggests that van Lagen anticipates the SOL price could plummet to approximately $13. Such a decline would represent a dramatic price crash of more than 90% from the current price level. A 50% Chance That This Will Happen In his commentary, Van Lagen acknowledged the risks associated with his short position on Solana, characterizing it as a “50/50 trade” and “ballsy.” However, he defended his decision by stating that it is backed by a “good theoretical framework” and serves as a hedge against his long positions in other assets. The analyst emphasized the importance of analyzing the isolated chart without emotion, underscoring the need for objectivity in technical analysis. Short on SOL is a 50/50 trade, ballsy, but also a hedge against my long positions. There’s good reason to do so when looking at the isolated chart without emotion. It’s a risky trade and I’m aware of it. But also backed by a good theoretical framework, he stated. While Van Lagen’s analysis presents a bearish outlook for Solana based on the Elliott Wave Theory, it is crucial to recognize that the broader crypto market often moves in tandem with Bitcoin. This correlation raises questions among other market participants. One user encapsulated this sentiment by commenting, This is really strange. You think BTC will move up in the coming weeks but SOL will move down? We are still in a market structure where big coins don’t move down that much while Bitcoin is moving up. At press time, SOL traded at $165. Featured image created with DALL·E, chart from TradingView.com

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Solana Breakout at $171 Resistance Could Propel SOL Towards $181 to $196 Range

A popular crypto analyst, Trader Tardigrade, shared an optimistic view on Solana (SOL). He pointed out that there’s no reason for him not to accumulate SOL at its current level. On the daily chart, Solana retraced towards a crucial support level and currently holds on to it, showing it’s set for a higher move. Trader […]

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Solana ETF Approval Could Skyrocket SOLs Value 9x Higher, Report Finds

Leading asset manager and Bitcoin Exchange Traded Fund (ETF) issuer VanEck has officially filed a Spot Solana ETF with the US Securities and Exchange Commission (SEC), fueling bold growth predictions for the Solana ecosystem.  Market-making firm GSR Markets recently released a report shedding light on the potential impact of a Solana ETF and highlighting the platform’s emergence as part of the “Big Three” in the crypto space. Speculation Of A Solana ETF Approval GSR’s report highlights Solana’s rapid rise within the cryptocurrency industry, positioning it as a major player alongside Bitcoin and Ethereum.  With the Bitcoin ETF market already approved and Ethereum about to launch a spot ETF in the US, GSR predicts that it’s only a matter of time before Solana follows suit, potentially making the biggest impact.  Related Reading: Bitcoin Miner Selling Cools Off Is This The Breakout Moment? GSR’s analysis highlights three key technological advancements that set Solana apart from its competitors. Firstly, Solana’s proof-of-history enables validators to produce blocks efficiently, resulting in remarkable speed and scalability advantages.  Second, Solana’s parallel transaction processing enables increased throughput and takes advantage of improvements in computing speed.  Finally, the company said Solana’s architecture positions it to solve the “blockchain trilemma” by achieving global state synchronization at “unprecedented speeds” as hardware and bandwidth costs decline. In addition, GSR’s report addresses the likelihood of Solana securing a spot digital asset ETF. While the current regulatory framework requires a federally regulated futures market and a futures-based ETF before a spot product can be considered, GSR believes that the potential for change shouldn’t be underestimated.  The company also claims bipartisan support for the crypto industry, and shifting attitudes among lawmakers indicate a more favorable environment for digital assets.  A Trump administration and a liberal SEC commissioner could further pave the way for the launch of spot digital asset ETFs, creating opportunities for Solana and other cryptocurrencies, the report said. Projected Impact On SOL’s Price GSR emphasizes the importance of decentralization and potential demand in determining the next spot digital asset ETF.  Factors such as permissionless participation, developmental control, token allocation, and stake characteristics contribute to a blockchain’s level of decentralization.  Meanwhile, as indicated by metrics like market cap, potential demand serves as a crucial factor for issuers when assessing future inflows. GSR combines decentralization and demand scores to create an ETF Possibility score, which highlights Ethereum and Solana as leading contenders for the next spot in digital asset ETF. Related Reading: Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Increase Drawing parallels to the effect of spot Bitcoin ETFs on Bitcoin’s price, GSR estimates the potential impact of a Solana ETF on SOL. Adjusting for Solana’s smaller market cap relative to Bitcoin, GSR predicts a 1.4x to 8.9x increase in SOL’s price under different scenarios.  However, the report acknowledges that the impact could be even higher, considering SOL’s active usage in staking and decentralized applications. In the event of a spot ETF approval, GSR suggests that the potential upside for SOL presents a significant opportunity in the market. As investor excitement over the development became apparent, SOL’s price reached a weekly high of $151 on Thursday, but in the past few hours, SOL has dropped nearly 4% to a current trading price of $143.  Featured image from DALL-E, chart from TradingView.com

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Solana Could Face A 41% Crash, Warns Mechanism Capital Co-Founder

Andrew Kang, co-founder of Mechanism Capital, voiced concerns over the potential volatility and impending price correction of Solana (SOL) in a market analysis posted on X. His comments come amid a broader dialogue concerning the delayed second wave of US spot Bitcoin ETFs, which he now anticipates could be pushed back by one to two quarters. He states, I believe the timeline for this is delayed by 1-2 quarters. Some market views. Experts now suggest that solicitation approval/ETFs added to wealth management platforms is slated for Q4 instead of late May as originally suggested. He believes that this delay in ETF approvals could result in a lack of immediate capital influx into the market, thereby potentially reversing the current upward momentum. Impacting the broader crypto market, Kangs prediction for Solana, Kang’s prognosis is less optimistic. He highlights Solana’s price volatility, which has been significantly influenced by meme-driven trading activities. Solana has been a great horse this cycle but its seen the reflexivity from the meme trading demand works in both directions. If meme trading takes a pause for the next few months, then youll likely be able to buy SOL near $80 again, he remarked, indicating a potential 41% decline in SOL’s price from its current price level. Reasons For A Potential Solana Price Crash Crypto analyst TexasHedge further elaborated on Kang’s insights, providing a nuanced view of the market dynamics that influenced Solana’s price movements. He discussed the historical attractiveness of Solana as a high-risk, high-reward investment, often referred to metaphorically as “the world’s best casino.” Related Reading: Bitcoin And Solana Brace For Quiet Q3: What Crypto Traders Should Know This environment attracted significant capital inflows, which were crucial in driving up Solana’s valuation during its peak periods. Kang’s SOL commentary makes a lot of sense. Solana remains arguably the best casino in the world, but casino outflows are as painful for the SOL token as inflows were beneficial, the crypto analyst noted. TexasHedge shared his previous investment approach, which saw Solana as a compelling trade based on several factors: Initially, it involved the re-rating of Solana, which had been considered a laggard in the crypto space due to the FTX collapse but then gained momentum. Another factor was the strong influx of capital into SOL because of the memecoin frenzy. Lastly, Solana’s movement often mirrored broader crypto market trends, benefiting from the overall market beta. Related Reading: Solana Down 40% But Analyst Says Nows The Time To Buy SOL Reflecting on these factors, TexasHedge remarked, “I liked SOL in October 2023 as a three-part trade: (i) re-rating of a presumed dead chain, (ii) inflows into the world’s best casino, and (iii) crypto beta. Now, you’re largely just left with (iii), at much higher levels, and amid a backdrop in which it is hard to make a great case that SOL is the best expression of crypto beta. Moreover, the analyst pointed out several structural challenges that Solana faces, which might contribute to a downward price correction. These include an inherent annual inflation of 5.21%, translating to about 82,570 SOL entering the market each yearworth approximately $11.1 million at current pricesand the regular monthly release of locked SOL purchased from FTX, which increases supply and potentially depresses prices if demand doesn’t match up. “Even absent a cooling of memecoin mania, the outlook over the next few months is challenging,” TexasHedge concluded, indicating a tough road ahead for Solana amidst reduced speculative memecoin trading and ongoing market pressures. At press time, SOL traded at $137. Featured image from CoolWallet, chart from TradingView.com

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Solana Set For A Major 53% Price Move, Analyst Reveals Why

An analyst has explained how Solana could be setting up for a major 53% move based on a Symmetrical Triangle pattern forming in its price chart. Solana Has Been Travelling Inside A Symmetrical Triangle Recently In a new post on X, analyst Ali Martinez discussed a pattern that has recently taken shape in Solana’s daily price chart. The technical analysis (TA) pattern in question is a “Symmetrical Triangle,” which, as its name implies, looks like a triangle. The triangular shape comprises two converging trendlines, with the upper line joining successive lower highs and the lower one connecting higher lows. A key feature of this pattern is that these lines approach each other at roughly the same slope (hence the “symmetrical” in the title). Related Reading: Why Is Bitcoin Stagnant Despite ETF Inflows? Report Answers Like other TA patterns, when the asset price consolidates in the region bounded by these trendlines, resistance will probably be at the upper level and support at the lower one. A break out of either of these lines can suggest a continuation of the trend in that direction. Naturally, a break above the triangle could be a bullish signal, while a decline under the pattern could lead to a bearish outcome. Similar to the Symmetrical Triangle, there are other triangle patterns in TA. A couple of popular ones include the Ascending and Descending Triangles. These patterns differ from the Symmetrical Triangle in that one of their trendlines is parallel to the time axis. Now, here is the chart shared by the analyst that shows the Symmetrical Triangle that the 1-day price of Solana has been trading inside over the last few months: As the above graph shows, Solana has been closing in at the tip of this Symmetrical Triangle pattern recently. As consolidation becomes tighter, a break out of the pattern naturally becomes more probable. As mentioned earlier, which of the two lines the breakout happens from sets the direction the potential price move would go. “Keep an eye on the $143 support and $178 resistance levels to gauge the direction of the SOL trend,” notes Ali. Related Reading: Is Bitcoin Overheated Right Now? This Metric Suggests No From the chart, it’s apparent that Solana is currently floating near the bottom line, so a retest could be coming up soon. If bullish momentum has to return for the coin, this retest must be successful. Moves resulting from a breakout of a Symmetrical Triangle may be the same length as the triangle’s height. In the case of this Solana Symmetrical Triangle, the height represents a price swing of 53%, so Ali believes that a breakout would also set the coin up for a move of a similar scale. SOL Price Solana hasn’t had the best times during the last few weeks, as its price is now down to $149. It remains to be seen whether a potential upcoming retest of the Symmetrical Triangle support would change the coin’s fate. Featured image from Shutterstock.com, charts from TradingView.com

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Solana Price Surges: Can This Bullish Setup Push SOL Beyond $300?

Solana is currently trading at $149.76, rising 2.14% over the previous 24 hours. The trading volume rose to $4.55 billion, representing a growth of 53.61%, with investor appetite making a comeback. The asset has appreciated by 0.70% over the last week, which is a steady upward trend. Technical analyst AndrewGriUK recently called out a textbook […]

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Solana (SOL) Weekly Review: Key Support Holds, But Volume Drops Raise Caution Flags

Solana (SOL), which is one of the leading Layer 1 blockchain platforms, is trading at $166.61, up just 1.30% from where it stood earlier. The trading volumes, though, have declined considerably by as much as 30% in the last 24 hours to $3.8 billion. During the previous week, it lost 4.80% to trade at $166.62. […]

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Solana Price Prediction: SOL Aims to Reclaim $175 to Ignite a New Rally

Solana is gearing up for a trend-defining move, volatility is building, and Solana looks ready for its next major trend-defining move. The overall market sentiment is positive, which added fuel for the next fresh movement. Both traders and investors are closely watching this coin to get a recovery from the recent losses. If a successful […]

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SOL Price Prediction 2025: Can Solana Hit $372 Amid DeFi Growth?

Solana is currently trading at $168.94 at present, having dipped by a minor 1.84% in the last 24 hours. The downward drop in trading volume at the current level of $3.59 billion from 20.36% indicates the cooling-off period after the rally. Weekly performance also demonstrates a minor 0.81% fall and is placed in the vicinity […]

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Bitcoin To $400,000, Solana To $420, Ethereum Dead Weight, Says Fund Manager

In an interview that spanned everything from macro-economics to meme-coin mania, veteran trader and Asymmetric founder Joe McCann laid out a forcefulbut narrowly targetedthesis: Bitcoins institutional flows can propel it to the high six-figure range, Solana is the fastest horse toward a mid-three-digit print, and Ethereums investment case is increasingly threadbare. Bitcoin To $400,000 McCann began by striking at one of cryptos longest-lived touchstones. Its become clear to anyone who follows crypto that the four-year cycle is effectively dead, he told host Scott Melker, arguing that traditional patterns of post-halving rotation have been overwhelmed by spot-ETF inflows and by what he calls an unprecedented headline-driven market. Those flows, he said, are only beginning. Sovereign wealth funds, pensions, and corporations are hoarding Bitcoin the way they once hoarded gold, but unlike bullion, the supply cap is immutable. With uncertainty indices at all-time highs and US trade policy setting the tempo of risk assets, McCann sees a probabilistic path toward enormous upside once local maxima on tariffs are understood. Related Reading: Bitcoin 6-Month Flight Plan To $188,000, Heres The Roadmap If Trump does deregulation, if he chills out on tariff policy, you could see Bitcoin actually rip two, three, four-hundred thousand dollars. It really is just a number. Its more about the flows. Pressed for timing, the CEO of Asymmetric would not anchor to a specific date, but he did outline the mechanics: reflexive price action in a thinly supplied market. Bitcoin, still a fraction of the market cap of gold, now trades in an environment where golds 40% year-to-date rally has revived the digital-gold narrative. A break of the Bitcoin-gold cross to the upside could lure capital away from bullion simply because its easier to transport and censorship-resistant. The implication is that a decisive break above the psychological $100,000 could accelerate quickly to the headline figure of $400,000 on ETF demand aloneparticularly if the US administration moves ahead with initiatives such asUS President Donald Trump Strategic Bitcoin Reserve buys in a budget neutral way or Senator Cynthia Lummiss proposal. Bitcoin To $400K, Solana To $420, Ethereum Not Worth Owning | @joemccann 0:00 Intro 2:27 Trump’s Impact on Markets 5:11 Crypto’s Massive Repricing 8:30 Gold vs Bitcoin 13:22 Bitcoin Correlation Debate 16:16 Digital Gold Future 19:06 Trump’s Crypto Influence 23:18 Meme Coins pic.twitter.com/U52rvt39LL The Wolf Of All Streets (@scottmelker) May 11, 2025 Where Are Solana And Ethereum Heading? If Bitcoin is McCanns 70% core position, Solana is his high-conviction satellite. He credits the networks throughput during last months Trump-branded meme-coin launchthe chain did not suffer; it hummed right alongas a proof-of-scale moment. Wallet abstractions such as Moonshot, and the migration of stable-coin flows from Ethereum, have in his view removed the UX friction that capped the last cycle. When the most popular person on the planet launches a meme-coin on Solana, what does that tell you? We have infrastructure ready for mass adoption. Related Reading: Sovereigns Are Buying Billions Of Bitcoin, Says Anthony Scaramucci With spot-Solana ETFs already live in Canada and US filings advancing, he projects that given the fundamentals coupled with ETF flows Solanas got to be at least $420, a figure he reiterated more than once. By contrast, McCanns hedge-fund book carries only one structural short: ETH. He offered a blunt rationale: once-innovative technology, but an asset now being cannibalized by its own L2s. With gas averaging one cent, fee revenue is insufficient to reward holders, and institutional channels prefer tokens that either accrue protocol cash-flow or sit inside ETF wrapperscriteria he does not see Ethereum satisfying. The asset is not worth owning, he concluded. Anytime Ethereum rips, usually take profits across the board on everything. McCann doubts the return of the indiscriminate alt-season that characterised prior tops. Liquidity, he argued, has bifurcated into Bitcoin ETFs on one end and high-velocity meme-coin venues such as Pump.Fun on the other. Tokens in between must now defend themselves with real protocol revenue, not just governance. If they do, he foresees a coming wave of dividend-style crypto ETFs aimed at yield-hungry boomers; if they dont, most of them will trade to zero. At press time, BTC traded at $104,528. Featured image created with DALL.E, chart from TradingView.com

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Solana Projected To Reach $500 This Year Despite Market Meltdown, Expert Predicts

Solana (SOL), currently ranked as the fifth largest cryptocurrency with a market capitalization of $56 billion, has experienced a significant decline amid the recent market meltdown affecting the digital asset space.  Over the past 24 hours, SOL has witnessed an 8% drop, reflecting the broader market downturn. Despite this setback, experts believe that if the [...]

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Solana (SOL) Bullish Breakout: How Solana Price Could Surge to $290 in 2025

Solana (SOL) is positioning itself as one of the top cryptocurrencies to watch in 2025, with signs pointing toward a major bullish breakout. After a period of market volatility, Solana has demonstrated remarkable recovery, and its price is showing signs of substantial growth. Heres an in-depth look at the factors driving Solanas potential upward movement […]

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Solana breaks $154 with strong uptrend; $500M deal signals long-term confidence

Solana shows strong short-term growth with a cautious technical outlook. A $500M investment by Sol Strategies sets a bullish precedent for SOL. Analysts warn of potential retracement amid near-overbought indicators. Solana (SOL) is trading at $154.25, registering a 4.18% increase over the last 24 hours. Yet, in spite of the upswing, the […]

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The Unstoppable Rise of Solana Price: How SOL Could Reach $22?

This article delves into the prospect of Solana price hitting the $22 mark in the near term. Let's take a closer look.

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