Goal

Solana

Sherpa

<p>The post <a href="https://coinpedia.org/news/solana-is-poised-for-massive-surge-to-1000-amid-solana-etf-rumors/" rel="noopener noreferrer nofollow">Solana Is Poised For Massive Surge To $1000 Amid Solana ETF Rumors</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Recent speculation surrounding the approval of an Ethereum ETF has not only boosted Ethereum’s price but also sparked interest in Solana as a potential ETF contender. However, after a month of correction, <a href="https://markets.coinpedia.org/solana/" rel="noopener noreferrer nofollow">Solana</a> surged to $187 today before a slight dip. Meanwhile, renowned crypto analysts believe that soon Solana will surpass $200, and later in a few months it will hit $1000.</p>
<h2 class="wp-block-heading" id="h-is-solana-going-to-hit-200">Is Solana Going To Hit $200</h2>
<p>Altcoin Sherpa, a renowned cryptocurrency analyst, recently shared insights on Solana’s (SOL) price trajectory, particularly its ascent towards the $200 milestone, followed by speculative observations on potential outcomes.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> grind to $200, pullback, and then lets see what happens. <a href="https://t.co/nN0KgneaTM" rel="noopener noreferrer nofollow">pic.twitter.com/nN0KgneaTM</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1793163069121859722?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 22, 2024</a>
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<p>According to Sherpa’s analysis, SOL’s chart shows favorable conditions, having experienced a slight dip recently, indicating a potential setup for another short-term rally. Meanwhile, the RSI has dipped close to 50 earlier but is now rebounding, signaling a resurgence in momentum.</p>
<p>Despite fluctuations, the charts maintain a bullish outlook for the altcoin. SOL’s current support level is at $175, with a critical resistance point at $190. If Solana <a href="https://coinpedia.org/price-analysis/after-reaching-180-is-the-solana-sol-price-ready-for-correction/" target="_blank" rel="noopener noreferrer nofollow">breaches the $188 threshold</a>, it could pave the way for further upward movement, potentially reaching $195 and eventually $200.</p>
<h2 class="wp-block-heading" id="h-solana-big-goal-1000-nbsp">Solana Big Goal $1000&nbsp;</h2>
<p>Echoing a similar bullish outlook, another crypto enthusiast borovik made a bold prediction regarding the price of Solana ($SOL), suggesting that the approval of Ethereum exchange-traded funds (ETFs) could propel Solana (SOL) to $1,000.</p>
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   <p lang="en" dir="ltr">The Ethereum ETFs will send <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> to $1,000</p>— borovik (@3orovik) <a href="https://twitter.com/3orovik/status/1793126477371744302?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 22, 2024</a>
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<p>According to Borovik, introducing these ETFs could significantly impact the broader cryptocurrency market, particularly on altcoins like Solana.</p>
<h2 class="wp-block-heading" id="h-solana-spot-etf-is-coming-soon">Solana spot ETF is Coming Soon</h2>
<p>Daniel Yan, co-founder of Matrixport, highlighted Solana’s potential candidacy for an ETF, drawing parallels with historical market trends. He noted that the approval of a Bitcoin ETF historically led to heightened interest and investment in Ethereum. Yan <a href="https://x.com/_D_Y_A_N/status/1792817019899019584" target="_blank" rel="noopener noreferrer nofollow">implied that if Ethereum</a> were to secure ETF approval, it could similarly bolster interest in Solana, potentially triggering a price surge.</p>
<p>Yan recommended considering investment in Solana over Ethereum, <a href="https://coinpedia.org/news/matrixports-daniel-yan-eyes-solana-as-the-next-big-etf-contender/" target="_blank" rel="noopener noreferrer nofollow">citing it as a more promising</a> trading prospect with greater profit potential. He pointed out the comparatively lower competition in the Solana market, indicating a higher likelihood of achieving profits compared to Ethereum.</p>
<p>Also Check Out : <a href="https://coinpedia.org/price-analysis/decision-on-ethereum-spot-etf-approval-on-the-horizon-here-are-the-top-altcoins-to-watch-this-week/" rel="noopener noreferrer nofollow">Decision on Ethereum Spot ETF Approval On the Horizon: Here are the Top Altcoins to Watch This Week</a></p>

Solana Is Poised For Massive Surge To $1000 Amid Solana ETF Rumors

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