SOL price is gaining attention as investors speculate on a potential Solana ETF approval. With two crypto-based ETFs securing approval last year, the market is eagerly watching for the next token to receive a regulatory green light.
Meanwhile, the Ethereum price takes a dip and the ETH token reaches $3,212. Investors flock to IntelMarkets to get more prominent gains in this bull run.
Can SOL Price Break $300 Barrier After SOL ETF Approval?
Over the past week, the SOL has outpaced BTC and ETH in performance, drawing significant attention from US traders. Meanwhile, American financial giant CME Group is reportedly exploring the launch of Solana ETFs.
Expectations are high that the US SEC may approve these funds this year. If realized, such a development could act as a major catalyst, potentially pushing SOL back to its ATH.
Solana’s price surged 20% this week, driven by rising memecoin trading enthusiasm. Speculation around a potential Solana ETF and meme coin hype could push SOL toward $300. As of Thursday, the SOL price hovered at $248, marking a slight decrease of 3% during the U.S. trading session.
The cryptocurrency faced resistance near the $260 level, struggling to maintain momentum after a recent bullish surge. The SOL Relative Strength Index (RSI) sits at 62.26 on the 24-hour chart. This shows that bullish momentum remains but is cooling off from overbought conditions.
If buying pressure increases, the SOL price could retest the $260 level. A breakout past this level could push prices toward $280 and 294 levels, surpassing the recent ATH, most expected by Solana ETF.
Ethereum Price Prediction: Will ETH Surge?
Ethereum price is once again in the spotlight as ETH slumps below $3,350. The Ethereum price is ranging $3,200 to $3,300. This tight range has analysts speculating on whether Ethereum price can break out toward $3,500 – $3,800 in the coming weeks or remain stuck in its accumulation phase.
According to Our Crypto Talk, Ethereum price is forming a strong accumulation zone, a pattern often associated with bullish momentum. The respected analyst believes that ETH could be on the verge of a breakout, which may bring excitement among traders and long-term holders alike.
Meanwhile, Crypto General highlights that capital from recent Solana and meme coin rallies could rotate back into Ethereum (ETH), potentially driving its price to $4,000 in the long term. This trend underscores Ethereum’s price status as a cornerstone of the crypto ecosystem, but it also raises questions about where smart money is moving next.
While Ethereum price remains a reliable long-term hold, savvy investors are beginning to rotate a portion of their ETH gains into emerging projects that offer higher ROI potential. One such project, already generating significant buzz, is becoming a favorite among early adopters seeking exponential growth.
IntelMarkets (INTL): Primed for 50X Gain in Q1
IntelMarkets (INTL), a new AI altcoin, is among the cryptocurrencies to watch out for. Its bullish AI narrative and huge growth prospects are some of its biggest attractions, driving huge interest and demand—over $7.2 million has been raised in early funding.
Completely decentralized, there is an equal opportunity to participate in the ongoing presale. At the same time, it is not VC-backed—the same can’t be said for most utility coins—nor is a group of holders holding the majority of the supply. Priced at $0.082 in the ninth stage of the ICO and tipped for a 50x jump in value after Tier-1 exchange listings in Q1, it has become a top pick along with Ethereum (ETH) and Solana (SOL).
Further, its intriguing blend of AI and DeFi paints a bullish picture. As an AI-powered trading platform, it will integrate artificial intelligence across all levels—the first true modern-gen exchange protocol. At its heart will be automated and self-learning trading bots and an AI-based blockchain poised to transform the $36 billion global crypto trading landscape.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: https://nulltx.com/solana-stablecoins-surpass-10b-as-ethereum-ecosystem-fails-to-keep-up/