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Solana

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<p><a href="https://cryptoticker.io/en/token/SOL" rel="noopener noreferrer nofollow"><i>Solana (SOL)</i></a><i>, a standout in the </i><a href="https://cryptoticker.io/en/token" rel="noopener noreferrer nofollow"><i>cryptocurrency market</i></a><i>, has surged up to 800% year-on-year, outperforming major players like Bitcoin (BTC) and Ethereum (ETH). This remarkable growth positions Solana as a leading contender in the evolving crypto landscape, attracting significant interest from investors and ETF providers alike. With these positive signs, what to expect for SOL price shortly?</i></p>
<h2 id="strong-solana-s-etf-approval-strong"><strong>Solana's ETF Approval</strong></h2>
<p>The launch of the first U.S. spot ETFs for <a href="https://partner.bitget.com/bg/cryptoticker_Bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> in January 2024 propelled Bitcoin to a record $73,798 in March, though its demand and price have since cooled. Meanwhile, Solana's largest gain in nearly a month occurred following <a href="https://www.tradingview.com/markets/cryptocurrencies/prices-all/?aff_id=127958" rel="noopener noreferrer nofollow">VanEck's filing for a Solana ETF</a>. The VanEck Solana Trust, set to be the first Solana ETF in the U.S., boosted SOL's value by up to 11%.</p>
<h3 id="strong-1-what-is-solana-s-market-position-strong"><strong>1- What is Solana's Market Position?</strong></h3>
<p>Data reveals that Solana has increased by over 770% in the past year, despite a recent dip to $141. This growth has solidified Solana's status among <a href="https://cryptoticker.io/en/after-bitcoin-crash-will-altcoins-gains-reach-500" rel="noopener noreferrer nofollow">the top three cryptocurrencies</a>, alongside <a href="https://cryptoticker.io/en/token/BTC" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://cryptoticker.io/en/token/ETH" rel="noopener noreferrer nofollow">Ethereum</a>. The approval of crypto-based ETFs in the U.S. is expected to expand, with Solana emerging as a favored investment product due to its substantial yearly gains.</p>
<h3 id="strong-2-is-the-interest-in-solana-etfs-growing-strong"><strong>2- Is the Interest in Solana ETFs Growing?</strong></h3>
<p>Both VanEck and 21Shares have filed for Solana investment products, highlighting SOL's potential as a valuable investment and the shifting regulatory landscape. Bloomberg noted that Bitcoin's performance is being overshadowed by Ether and Solana as ETF discussions gain momentum. Approval of Solana ETFs could provide a significant boost to the industry and the token itself.</p>
<h3 id="strong-3-why-the-solana-staking-strong"><strong>3- Why the Solana Staking?</strong></h3>
<p>Following VanEck's ETF filing, <a href="https://cryptoticker.io/en/solana-price-prediction-will-sol-surpass-200" rel="noopener noreferrer nofollow">Solana's price</a> retraced to $140 on June 29, after peaking at $151. On-chain data indicates that Solana stakers have increased their deposits to 376.9 million SOL, reflecting a bullish sentiment among core investors. Despite market volatility, these stakeholders have maintained optimism, staking additional SOL and reducing short-term market supply, potentially setting the stage for a price breakout.</p>
<h2 id="strong-sol-price-and-performance-analysis-strong"><strong>SOL Price and Performance Analysis</strong></h2>
<h3 id="strong-1-solana-outpaces-bitcoin-and-ethereum-strong"><strong>1- Solana Outpaces Bitcoin and Ethereum</strong></h3>
<p>Over the past year, Solana has demonstrated unparalleled growth, increasing by 700% (to date), <a href="https://www.tradingview.com/markets/cryptocurrencies/prices-all/?aff_id=127958" rel="noopener noreferrer nofollow">according to TradingView</a>, despite reports indicating an 800% surge when it was trading at a higher price. In contrast, Ethereum has seen an 83% increase since the start of the year, while <a href="https://partner.bitget.com/bg/cryptoticker_Bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> has risen by 100%. This outperformance has shifted investor interest towards Solana and Ethereum, especially in the context of U.S. cryptocurrency exchange-traded funds (ETFs).</p>
<figure class="image"><img style="aspect-ratio:1852/685;" src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOL_1_Y_Performance_3ebca836dc.png" alt="By TradingView - SOL (1Y) Performance" width="1852" height="685">
 <figcaption><a href="https://www.tradingview.com/markets/cryptocurrencies/prices-all/?aff_id=127958" rel="noopener noreferrer nofollow">By TradingView - SOL (1Y) Performance</a>
 </figcaption>
</figure>
<h3 id="strong-2-solana-price-prediction-strong"><strong>2- Solana Price Prediction</strong></h3>
<figure class="image"><img style="aspect-ratio:1864/790;" src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/By_Trading_View_SOL_Price_and_24hrs_Performance_7593ab1d5f.png" alt="By TradingView - SOL Price and (24hrs) Performance" width="1864" height="790">
 <figcaption><a href="https://www.tradingview.com/markets/cryptocurrencies/prices-all/?aff_id=127958" rel="noopener noreferrer nofollow">By TradingView - SOL Price and (24hrs) Performance</a>
 </figcaption>
</figure>
<p><a href="https://cryptoticker.io/en/solana-news-today-why-is-solana-price-up" rel="noopener noreferrer nofollow">SOL price prediction</a> suggests a bullish rebound if it holds above the critical $140 support level. Key resistance levels to watch include $147.77 and $153.72, with a potential move towards the psychological $160 mark. On the downside, failing to maintain $140 support could lead to further declines, with major support at $130.60. However, the current bullish momentum favors a rebound. And analysts suggest breaking the 200$ level back to its all-time high.</p>
<figure class="image"><img src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/SOLUSD_2024_06_29_1_M_be018c17da.png" alt="By TradingView - SOLUSD_2024-06-29 (1M)">
 <figcaption><a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958" rel="noopener noreferrer nofollow">By TradingView - SOLUSD_2024-06-29 (1M)</a>
 </figcaption>
</figure>
<p><a href="https://www.tradingview.com/symbols/SOLUSD/?aff_id=127958" rel="noopener noreferrer nofollow"><i>Solana's</i></a><i> exceptional growth and strong market position, coupled with increasing interest in Solana ETFs, underscore its potential as a leading cryptocurrency. As investors and stakeholders continue to show confidence in Solana, its future looks promising, with the potential for further gains and market dominance.</i></p>

Solana Price Prediction Following The Epic Year Surge: What To Expect For SOL Price?

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