Price analysis
How High Can Solana Price Go If SOL ETF is Approved in 2025
Cryptocurrencies have started the new year on a bullish note, with Solana (SOL) price soaring above $200 for the first time in almost two weeks. This rebound may accelerate in the near term as crypto investors anticipate the approval of a SOL ETF. The rally may also be because of the January Effect, where most assets rise as investors return to their offices after the Christmas break. Let’s explore how high Solana might go if SOL ETF is approved in January 2025.
How Much Can Solana Price Rally If SOL ETF Is Approved in January 2025
Solana price has been in a consolidation mode just below the support at $200 after crashing by over 20% from its highest level of January in 2024. It coincided with Bitcoin’s correction, which caused other cryptocurrencies to tumble as well. But how high can Solana go if the highly anticipated spot Solana ETF is approved by the US SEC in January 2025?
According to Polymarket data, the odds of a SOL ETF being approved later this year sit at a whopping 75%. However, if this approval gets fastracked and a spot Solana ETF is approved before the end of January 2025, Solana’s value could skyrocket.
Solana’s ETF is the most anticipated and key catalyst that has the potential to restart the bull run that SOL began in 2025. However, this approval will likely happen after the current SEC chair, Gary Gensler, exits from his position later this month. Gensler’s SEC hinted that it would reject already applied ETFs, arguing that Solana was an unregistered security. Another poll shows that the odds of approval by July 31 are at 65%. That is possibly due to the new SEC chairman candidate, Paul Atkins, who is much more welcoming of the crypto space.
Eric Balchunas, the Senior ETF analyst at Bloomberg, has estimated that a Solana ETF will be approved after others like a Bitcoin and Ethereum combination, Litecoin, and Hedera Hashgraph.
A SOL ETF approval would be a bullish development for the coin as it would introduce institutional capital to the coin. A good example of this is Bitcoin and Ethereum, which have attracted billions of dollars in inflows in the past few months.
Meanwhile, Solana – and other coins – may benefit because of the January Effect. In some instances, financial assets rise in January as investors return after the Christmas holiday.
SOL Price Technical Analysis
The 3 day chart shows that value of SOL price has been in an uptrend, forming numerous bullish chart patterns. It formed a symmetrical triangle chart pattern between March 2024 and November last year. This triangle came after a strong rally, resembling a bullish pennant pattern, a popular bullish sign. A pennant has long flag pole-like line and a triangle.
Solana retreated in December and moved slightly below the support at $206, the highest point in March. A break and retest is a common continuation sign in the markets. This formation means that the coin may have a rebound this year.
Solana Price Targets
By measuring the size of the bullish pennant pattern, and then extrapolating it from the first support at $126 (January 2024 high), we can estimate that SOL price will surge to $1,290 in 2025. Such a price action would represent a 923% surge from the current level.
The bullish SOL price forecast will become invalid if the token crashes below the first support at $126.
Frequently Asked Questions (FAQs)
There are odds that the SEC will approve a Solana ETF if Paul Atkins becomes its head. Atkins is a well-respected individual in the crypto industry and has championed less regulations.
The SOL price will likely rise if the SEC shows signs that it is flexible on ETF approvals. As mentioned, this could lead to more gains later this year.
Odds are that the coin will go parabolic, and initially get to $500. More gains could see it get to $1200 in line with our forecasts of over $1,200.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Shiba Inu price, a popular memecoin, has captured attention with its recent market performance. Over the past week, the token surged by 10%, driven by growing investor confidence amidst a broader crypto recovery. With Bitcoin now trading above $97,000, analysts believe two key charts suggest that the SHIB price could double in the coming weeks.
2 Key Charts Hint at a Massive Surge for Shiba Inu Price
Shiba Inu price is showing signs of a bullish breakout as its price action forms a textbook cup-and-handle pattern. This classic bullish setup indicates the possibility of a significant upward move in the near term.
The daily SHIB chart reveals a gradual decline followed by a steady recovery, completing the “cup” formation. The neckline resistance stands firmly at $0.00003287, a critical breakout level for bullish confirmation. The “handle” phase is currently unfolding as the price consolidates below the neckline.
The SHIB price sits at $0.00002435, reflecting a 62.53% recovery from its October low of $0.00002054. If the price breaks above the $0.00003287 neckline, the projected target for the pattern points to $0.00005339, offering a potential upside of 62%.
On the downside, the red demand zone between $0.00002000 and $0.00001800 provides robust support. If the price dips into this zone, a strong bounce could reinforce the bullish outlook.
For SHIB to maintain bullish momentum, it must close above the neckline with strong volume. A failed breakout or rejection at this level could lead to further consolidation. Conversely, sustained buying pressure could propel SHIB toward its ultimate target of $0.00005339 by mid-2025.
Analyst Highlights Bullish SHIB Outlook, Targets Key Levels
A crypto analyst has highlighted a promising technical setup for the top meme coin on the weekly chart. According to the analyst, the chart displays a “super clean” structure, indicating potential bullish momentum for the token.
The chart analysis shows SHIB currently holding above a key support level at $0.021. This level has acted as a solid foundation after recent price retracements. The analyst is eyeing $0.054 as a significant resistance level in the coming weeks.
Further upside potential includes a major resistance zone near $0.066, which aligns with historical price activity from 2021. A successful breakout above $0.066 could potentially open the door for continued gains in the Shiba Inu price Forecast.
The weekly candlesticks indicate a recovery phase, supported by trending upwards moving averages. However, caution remains as the market consolidates just above its critical support.
SHIB enthusiasts and investors, particularly those referencing meme coin ecosystems like PEPE, are hopeful for upward momentum. Whether SHIB can achieve these targets will depend on broader market sentiment and buying pressure in the coming months.
Shiba Inu price shows promising bullish signals, driven by technical patterns and market sentiment. A breakout above critical levels could trigger substantial gains, rewarding patient investors in the coming months.
Frequently Asked Questions (FAQs)
It’s a bullish technical pattern signaling potential price breakout after consolidation.
The target price after a breakout is $0.00005339, representing a 62% upside.
Analysts predict SHIB could reach $0.00005339 by mid-2025.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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The cryptocurrency market keeps gaining momentum as experts establish ambitious price goals for top assets such as Ethereum (ETH). As Ethereum price targets a five-digit benchmark in the next few years, astute investors are also seeking potential altcoins that may provide even more remarkable gains. One example of this is Rexas Finance (RXS), a crypto coin priced at $0.175 that could possibly reach $30 per token. Let’s explore the future outlook for both assets and what makes RXS an appealing investment option.
Ethereum Price Road to $10K and a New $0.175 Gem in the Spotlight
With ETH price trend remaining bullish, investors are searching for undiscovered assets that promise even greater growth potential. Introducing Rexas Finance (RXS), an affordable cryptocurrency featuring a groundbreaking real-world application that has the potential for significant returns.
Ethereum Price Outlook for 2025: Experts See $10, 000 Target
Today, Ethereum price stands at $3,594.57 showing a 4% rise in the last day and a 60.94% increase over the past year. What’s next for the second-biggest crypto?
Experts’ 2025 Ethereum price predictions and targets remain optimistic, due to its ongoing developments and leading position in DeFi. Popular investors, Tim Draper and Tom Lee think Ethereum could reach $8,000 to $10,000 by 2025, while Geoff Kendrick from Standard Chartered has set an even higher target of $12,000.
With a mean target of $10,909, ETH seems set to grow a lot by 2025. Future network updates such as the Pectra Upgrade, will make Ethereum more scalable and user-friendly.
Stani Kulechov, who founded Aave, shares insights and calling the Pectra Upgrade a big deal. He stresses how it will change the way Ethereum works with decentralized apps (dApps). This constant innovation keeps Ethereum at the top of blockchain tech.
Rexas Finance (RXS): The $0.175 Gem with $30 Potential
Although Ethereum price consistent growth positions ETH as a reliable choice for long-term investors, innovative altcoins such as Rexas Finance (RXS) present significant profit opportunities. Presently priced at only $0.175, RXS seeks to transform asset ownership by tokenizing real-world assets.
What is Rexas Finance (RXS)?
Rexas Finance provides access to high-value assets such as real estate, commodities, and collectibles accessible to everyone to invest. By means of fractional ownership, Rexas Finance enables worldwide involvement in markets that have typically been exclusive, including:
- Real estate
- Gold and oil commodities
- Art and collectibles
This groundbreaking method releases liquidity in markets that were previously illiquid, allowing a greater number of individuals to invest in assets that were formerly inaccessible.
Rexas Finance Tools and Features
What sets Rexas Finance apart from other tokenization platforms is its suite of advanced tools designed to simplify asset tokenization and investment management:
1. Rexas Token Builder
A tool that allows users to create and launch their tokens effortlessly representing fractional ownership of real-world assets. This liquidity solution brings previously untapped assets into the blockchain ecosystem.
2. QuickMint Bot
An integration with Telegram and Discord that simplifies token minting on Ethereum-based blockchains. This feature makes token creation accessible to users and businesses alike.
3. Rexas Launchpad
A platform for new projects to raise funds through tokenized assets. This launchpad allows businesses to expand their reach while attracting global investors.
These tools make Rexas Finance a leader in real-world asset (RWA) tokenization, a market that continues to grow rapidly.
Presale Success and Growing Demand for RXS
Besides the rising Ethereum price, Rexas Finance’s presale has been a success, raising over $33 million. The the price of the RWA token has already increased sixfold, and demand continues to grow. Listing on platforms like CoinMarketCap and CoinGecko also adds credibility to its mention, so more participants are attracted to the project. At the stage 11 phase of the presale, RXS tokens are in high demand.
Additionally, the platform incentivizes participation with a $1,000,000 giveaway, which 20 investors will be fortunate enough to win. RXS is expected to become more widely known as future listings on top-tier exchanges continue to broaden its reach.
Ethereum vs. Rexas Finance: Potential Returns
To understand the potential returns for both assets, let’s compare their possible price trajectories:
- Ethereum’s potential returns: In case Ethereum price increases to $10,000 from its current value of $3,594. that will translate to nearly 2.8x return.
- Rexas Finance’s potential returns: If RXS goes from $0.175 to $30, that’s a 171x return.
While Ethereum is a safer, long-term investment, Rexas Finance presents an explosive opportunity for those willing to take on more risk and invest in early-stage cryptocurrencies.
Final Thoughts: Ethereum’s Safe Bet vs. Rexas Finance’s Explosive Potential
Ethereum’s path to $10K appears increasingly attainable, as industry specialists collectively forecast a five-digit price goal. Nonetheless, for individuals looking for transformative returns, Rexas Finance (RXS) might be the upcoming significant opportunity.
With a current price of only $0.175, RXS could possibly soar to $30 by utilizing its groundbreaking asset tokenization approach. Rexas Finance, with a triumphant presale and robust resources for investors and companies, is a project to watch closely.
While Ethereum assures consistent, dependable growth, Rexas Finance presents an opportunity for significant returns for early investors.
Frequently Asked Questions (FAQs)
Experts predict Ethereum could surpass $10,000 by 2025 due to ongoing network upgrades.
Rexas Finance tokenizes real-world assets like real estate, commodities, and collectibles for fractional ownership.
With a potential 171x return from $0.175 to $30, RXS offers explosive growth through its innovative asset tokenization platform.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Dogecoin price has rebounded recently, aligning with the broader recovery in the cryptocurrency market. Can Dogecoin compete with Solana meme coins like Fartcoin and Solana AI coin ai16z? These newer coins have seen significant price surges, attracting attention from investors. The rising popularity of these coins raises questions about the DOGE long-term position in the meme coin space.
Can Dogecoin Price Contest with New Meme coins?
Dogecoin price, the original meme coin, maintains a leading position with its strong market capitalization and established reputation. Emerging meme coins like Fartcoin and AI16z have gained attention, but Dogecoin’s resilience and partnerships set it apart.
Collaborations, such as the D.O.G.E. department initiative with Elon Musk, have bolstered its presence in the crypto market. Fartcoin price is trading at $1.34, with a 3% surge in the past day and more than $1 billion in market cap. Additionally, the Solana AI meme coin ai16z is trading at $1.98 with $2.16 billion market cap.
Dogecoin’s simplicity remains a significant advantage, making it user-friendly and appealing while surviving multiple market cycles. This streamlined framework ensures accessibility for new and seasoned investors alike.
Recent whale activity indicates growing confidence in Dogecoin, with substantial accumulation highlighting its enduring relevance amid rising meme coin competition.
Whales Accumulate 1.08 Billion DOGE
Crypto analyst Ali shared an X post highlighting a massive Dogecoin purchase by whale investors in the past 24 hours. The post revealed that over 1.08 billion DOGE tokens were accumulated by these large holders during this period. This surge in whale activity is a notable development for the meme cryptocurrency.
The chart included in the post illustrated a correlation between whale movements and the recent fluctuations in Dogecoin’s price. It showed a clear buying trend among addresses holding between 10,000 and 1,000,000 DOGE tokens. This behavior suggests increased confidence in Dogecoin despite its recent price volatility.
DOGE Technical Analysis: Can Dogecoin Hit $1?
Dogecoin has experienced a notable 270% surge in years 2024, with hopes for further rally in the year 2025. As of Friday, the DOGE price hovered at $0.3378, with a 1% in the past 24-hours.
Most of the cryptocurrency has seen a market recovery with BTC hovering above $95k fueling the market rally. With the surge in the crypto market and meme based coins may fuel the surge.
The Awesome Oscillator (AO) highlights weakening bearish momentum as green bars begin to appear. This trend suggests the possibility of a bullish reversal. The Moving Average Convergence Divergence (MACD) indicator shows a narrowing gap, indicating reduced selling pressure.
Dogecoin Price Targets
The Dogecoin price prediction points to the potential for a breakout as it consolidates near crucial resistance levels. DOGE price is approaching significant resistance at $0.50 and $0.736, presenting key hurdles for upward momentum.
If these levels are breached, a rally toward $1 could be in sight, representing a 201% increase from current levels. However, if bears gain another power the the meme-based coin might see a corrections.
To conclude the Dogecoin price strong foundation and whale accumulation showcase its resilience. However, competing with new memes like Fartcoin and ai16z poses challenges. Reaching $1 depends on breaking key resistance and maintaining momentum.
Frequently Asked Questions (FAQs)
Dogecoin’s resilience and whale activity give it a competitive edge.
They are new Solana-based meme coins gaining investor attention.
Key resistance levels are $0.50 and $0.736 for further rallies.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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