{"id":36459,"date":"2025-01-16T17:36:45","date_gmt":"2025-01-16T17:36:45","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=36459"},"modified":"2025-01-16T17:36:45","modified_gmt":"2025-01-16T17:36:45","slug":"solana-sol-soars-by-15-daily-is-a-new-ath-coming-soon","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=36459","title":{"rendered":"Solana (SOL) Soars by 15% Daily: Is a New ATH Coming Soon?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

SOL jumped to $216 before settling at $211, with analysts predicting further gains, potentially reaching $1,000 if a Solana ETF is approved.
\nThe crypto market revival and rumors of pro-crypto US policies under Trump might be the factors fueling the asset\u2019s rise.<\/p>\n

<\/a><\/span><\/h2>\n

SOL on the Run<\/h2>\n

Solana (SOL) is among <\/span>the best-performing cryptocurrencies today<\/span> (January 16). Its price briefly jumped above $215, representing a 15% increase on a 24-hour scale. Shortly after, it slightly retraced to the current $210.<\/span><\/p>\n

<\/a>SOL Price, Source: CoinGecko<\/p>\n

According to some industry participants, this could be just the beginning of a massive rally that may result in a new all-time high price. The popular X user Ali Martinez recently claimed that the \u201cTD Sequential indicator\u201d presents a buy signal on the asset\u2019s daily chart. That said, the analyst anticipates a move toward $220.<\/span><\/p>\n

Jelle and Satoshi Flipper were much more bullish. The former <\/span>thinks<\/span><\/a> a daily close above $210 might proper a bull run towards as high as $330.\u00a0<\/span><\/p>\n

Satoshi Flipper <\/span>predicted<\/span><\/a> that <\/span>SOL\u2019s price could skyrocket to a whopping $1,000 sometime this year<\/span> if a Solana exchange-traded fund (ETF) goes live.<\/span><\/p>\n

As <\/span>o the moment<\/span> of this writing, such a product remains unavailable in the United States. Nonetheless, some prominent names such as Grayscale, VanEck, 21Shares, Bitwise, and Canary Capital have revealed their intentions to launch that type of investment vehicle.<\/span>\u00a0<\/span><\/p>\n

The <\/span>agency which approves or denies such applications is the<\/span> US Securities and Exchange Commission (SEC). In less than a week, its Chairman Gary Gensler will<\/span> step down<\/span><\/a> and <\/span>will<\/span> be succeeded by the pro-crypto Paul Atkins.<\/span><\/p>\n

Some might suggest that the new leadership could <\/span>adopt a more favorable stance toward<\/span> cryptocurrency-related financial products, potentially facilitating the approval process for Solana ETFs.<\/span><\/p>\n

Is This Why SOL is Pumping?<\/span><\/h2>\n

Solana\u2019s impressive price resurgence could <\/span>be attributed<\/span> to the overall revival of the cryptocurrency sector. Over the past 24 hours, the industry\u2019s market capitalization exceeded $3.6 trillion, while Bitcoin (BTC) briefly crossed $100,000.<\/span><\/p>\n

Another reason might be the <\/span>rumors<\/span><\/a> that the upcoming president of the USA, Donald Trump, is open to the idea of establishing a crypto reserve that prioritizes digital assets like Solana (SOL), Ripple (XRP), and USD Coin (USDC). The entities behind those tokens are all based on American soil.<\/span><\/p>\n

This<\/span> could be one of the factors triggering a massive price rally for XRP. As <\/span>CryptoPotato<\/span><\/em> reported<\/span><\/a>, the asset\u2019s valuation exploded to $3.39, missing its all-time high by just 1%.\u00a0<\/span><\/p>\n

The post Solana (SOL) Soars by 15% Daily: Is a New ATH Coming Soon?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR SOL jumped to $216 before settling at $211, with analysts predicting further gains, potentially reaching $1,000 if a Solana ETF is approved. The crypto market revival and rumors of pro-crypto US policies under Trump might be the factors fueling the asset\u2019s rise. SOL on the Run Solana (SOL) is among the best-performing cryptocurrencies today […]<\/p>\n","protected":false},"author":0,"featured_media":36460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36459"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36459"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/36459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/36460"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}