Solana has to be one of most powerful and promising crypto currencies currently governing the industry. Crypto is without a doubt one of the world’s most famous crypto currencies. Recent attention has focused on the cryptocurrency, due to the influx of Solana ETFs which have catapulted Solana prices to new highs. They can help SOL price rise, but will they?
Please Read This: Bullish Prediction: Ripple (XRP) To Hit $6.4, Here’s When?
Solana, SOL ETFs: what’s happening?
The Leading financial Ark21 Shares, VanEck and other giants have applied for possible Solana exchange-traded funds. Solana is now part of the ETF queue that began with Bitcoin’s latest ETF boom, which has boosted its price potential. SOL will likely reach a new high with ETFs.
Raoul Paul was a Goldman Sachs former executive and crypto analyst. videoSOL was applauded for its strong ecosystem. He explained how Solana will usher in the new era and help to expand the crypto market to new heights. Paul reiterated that Solana would be heading the “banana zone” The term market is used to denote the constant expansion of the cryptocurrency market.
“When is the banana zone? I think it’s coming, and I think Solana is going to lead it. As I’ve urged you, patience is required. These things don’t come instantaneously, but when they do, they can be life-changing.”
Later, the expert revealed that Solana was his inspiration to pay attention to tokens. Paul said that SOL’s fireancers convinced him to use SOL fully.
“Firedancer got me really across the line and made me all in on Solana, where now 90% of my crypto allocation, which is 100% of my liquid net worth, is in Solana. [That may be foolish to some of you, but I think that market concentration is the right way of doing things when you’ve got everything correlated.”
Solana’s (SOL), Mid-July Outlooks: Is a New Athlete in Sight?
Market confidence is on the upswing with the recent ETF filings. According to CoinCodexSolana’s price will continue to move forward at a slow pace, but with promise. This token is expected to have a slow price rise, losing value at first before it breaks the $150 mark.
Please Read This: New ASEAN Country Ditches The US Dollar For Trade
The token’s price is between $140 and $148 from July 3 until July 15. CC indicates that SOL could surpass the $150 threshold after July 15, however. By August 1, tokens may be trading at $170.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 16.37% and reach $ 178.83 by August 1, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 51 (neutral). Solana recorded 14/30 (47%) green days with 8.67% price volatility over the last 30 days.”
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru