Solana Network's Recent Surge Could Push SOL to Over $190
- PHPzOriginal
- 2024-08-16 06:14:19802browse
The Solana network is experiencing a surge in activity. The first Solana spot ETF should debut on Brazil's stock exchange, B3, after approval
Solana's (SOL) price is surging as the cryptocurrency market recovers from a recent downturn.
Solana is currently trading at around $145, up by more than 20% over the past week. The token's price has been rising steadily since late June, when it dropped to lows of around $110 amid a broader market sell-off.
Now, as the market recovers, Solana is among the best-performing cryptocurrencies. The token is up by more than 40% since lows of around $100 in June. However, SOL is still down by around 70% from its all-time high of $259, which was hit in November 2021.
Solana's price is rising ahead of a potential approval for the first Solana spot ETF on Brazil's stock exchange, B3.
The Brazilian Securities and Exchange Commission approved the ETF on August 7th, following an application by QR Asset Management. The ETF will track the performance of Solana against the Brazilian real.
If approved, this would be a major development for Solana, as it could lead to a significant inflow of funds into the token. However, a U.S. Solana ETF might take longer to arrive.
Solana's price has been surging in recent weeks, following a broader market recovery from lows in June.
Solana is among the top-performing cryptocurrencies during this period, with its price increasing by more than 40% since June lows. However, the token is still down by around 70% from its all-time high of $259, which was hit in November 2021.
Solana's price is surging as the cryptocurrency market recovers from a recent downturn.
Solana is currently trading at around $145, up by more than 20% over the past week. The token's price has been rising steadily since late June, when it dropped to lows of around $110 amid a broader market sell-off.
Now, as the market recovers, Solana is among the best-performing cryptocurrencies. The token is up by more than 40% since lows of around $100 in June. However, SOL is still down by around 70% from its all-time high of $259, which was hit in November 2021.
Solana's price is rising ahead of a potential approval for the first Solana spot ETF on Brazil's stock exchange, B3.
The Brazilian Securities and Exchange Commission approved the ETF on August 7th, following an application by QR Asset Management. The ETF will track the performance of Solana against the Brazilian real.
If approved, this would be a major development for Solana, as it could lead to a significant inflow of funds into the token. However, a U.S. Solana ETF might take longer to arrive.
Solana's price has been surging in recent weeks, following a broader market recovery from lows in June.
Solana is among the top-performing cryptocurrencies during this period, with its price increasing by more than 40% since June lows. However, the token is still down by around 70% from its all-time high of $259, which was hit in November 2021.
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