Solana Price Prediction: VanEck Says SOL ETF “Still In Play” Despite Cboe Filing Removal, And This New Meme Coin Passes $500k In A Week

The Solana worth climbed 3% within the final 24 hours to commerce at $146.41 as of 00:44 a.m. EST on buying and selling quantity that rose 12% to $2 billion.

This comes as asset supervisor VanEck says that its plans for a Solana ETF (exchange-traded fund) are “nonetheless in play,” regardless of the removing of Cboe World Markets’s regulatory submitting that was proposing to record the fund on its trade.

In line with Mathew Sigel, VanEck’s head of digital belongings analysis, some have seen that the 19b-4 for the VanEck Solana ETF has been faraway from the CBOE web site.

Some have seen that the 19b-4 for the VanEck Solana ETF has been faraway from the CBOE web site.
Keep in mind that Exchanges like Nasdaq & CBOE file rule adjustments (19b-4) to record new ETFs. Issuers like VanEck are accountable for the prospectus (S-1). Ours stays in play. https://t.co/9rbSHciSdy

— matthew sigel, recovering CFA (@matthew_sigel) August 19, 2024

VanEck additionally believes that SOL is a commodity, very like BTC and ETH.

Solana Worth Goals For A Breakout

The Solana worth has been buying and selling in a sideways sample, because the bulls encounter resistance round $152, in line with knowledge from GeckoTerminal.

SOL trades above the 50-day Easy Shifting Common (SMA), indicating that the token is presently on a bullish pattern to the upside. If the bullish pattern continues, the value of Solana might overcome the fast resistance (200-day SMA) at $159.44.

Furthermore, the Relative Power Index (RSI) is rebounding from the 50-midline degree, presently at 57, because it closes in on the overbought zone.

The Shifting Common Convergence Divergence (MACD) has additionally crossed above the impartial line, confirming an uptrend. The inexperienced bars on the histogram extending over the zero line and the blue MACD line crossing over the orange sign line present that SOL is presently in constructive momentum.

Based mostly on the SOL/USD evaluation on the 4-hour chart, the token exhibits a bullish bias. The bulls capitalize on the main indicators to immediate a breakout above the consolidation section. If the pattern continues, the value of Solana might soar because the bulls goal the subsequent resistance at $183.94.

Nevertheless, if the bears take management of the value at this degree, SOL might plunge beneath the sideways sample, to search out help round $128.92.

In the meantime, because the SOL worth climbs, the brand new, modern meme coin Crypto All-Stars (STARS) goes ballistic after elevating greater than $500k in its first week.

In line with 99Bitcoins, a YouTube channel with over $706K subscribers, $STARS might doubtlessly soar 100X after its launch.

Crypto All-Stars Presale Secures Over $561K In A Week – Greatest Meme Coin to Purchase Now?

Crypto All-Stars is off to a roaring begin in its presale, having already raised over $561,000 in simply its first week of launch.

The brand new mission retains the hearth alive within the meme coin sector by providing its tokens a brand new utility: passive revenue era through unified staking.

Why Is Everybody Excited?

In its preliminary presale section, Crypto All-Stars raised over $350k! 💰

This early success exhibits that buyers see BIG potential right here. 🚀

Might this be the subsequent $PEPE? 👀

— web3telepath (@web3telepath) August 15, 2024

Crypto All-Stars introduces an industry-first functionality by permitting prime meme cash within the area, similar to Dogecoin ($DOGE) and Pepe ($PEPE), to be staked collectively. That permits holders to earn a singular reward – the native $STARS token, via the MemeVault protocol.

Crypto All-Stars lets you stake meme cash similar to Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. Extra will likely be added within the coming months.

You possibly can earn passively via the mission’s native staking mechanism, which affords a powerful 2,709% annual proportion yield (APY).

You should buy the token now for $0.0013911. The value will improve in lower than 2 hours, so act quick to lock in the most effective deal.

Buy $STARS from its official web site right here utilizing BNB, USDT, or a financial institution card.

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