In a captivating twist, Solana (SOL) has been actively involved in the latest financial news. Amid the reduce in meme coin craze, there are speculations that SOL could potentially experience a drop below $210. However, certain circumstances may offset this, particularly if SOL establishes a strategic Bitcoin reserve. During a recent period, Elon Musk's DOGE stopped showing tokens which led to a retraction of its pump, simultaneously, news of Trump's openness to creating a strategic reserve with US-based coins like SOL, XRP, USDC surfaced. This didn't stop SOL from soaring 12%, succeeding the launch of a Trump-themed meme coin, leading to a record-breaking memecoin launch.
Solana has been in the public's eye following the introduction of TRUMP and MELANIA tokens on INX, a regulated crypto exchange. Predictably, SOL rallied to new all-time highs and eyes are now on the key resistance level as enthusiasts sold approximately 98,000 SOL. A billionaire has identified five coins that might potentially run higher than Solana, stirring debates among experts about TRX, LINK, or SOL vs an emerging 2025 presale altcoin. A new development in the SOL economy is the Solaxy presales that are expected to surge after the inauguration of the Dogecoin and Solana ETFs.
Meanwhile, Solana could possibly escalate to $400, amidst an ETF buzz, and as whales pay attention to XYZVerse. On another level, Solana is increasingly making a case for DeFi adoption, considering its credible consideration for ETF Refilings. A turbulent discussion also arises around Solana's potential to reach $500 this year even though Remittix might outperform it in presale alone. In addition, Solana has managed to hold steady, however, three key occurrences must transpire for SOL price to rally to new all-time highs.
SOL Coin News Analytics from Thu, 16 Jan 2025 08:00:00 GMT to Wed, 29 Jan 2025 20:51:30 GMT - Rating 2 - Innovation 5 - Information 6 - Rumor 3