Immutable Momentum: IMX Rockets To $2.21, Scaling Heights Unseen Since 2022<\/a><\/div>\nHowever, a dip in price shortly shouldn\u2019t be feared. This will only bring SOL in a better position for higher gains. If the token settles on the $70 price level, we might see gains far beyond $80 to $90 in the coming days.<\/span><\/p>\nFor now, the year will end on a positive note as SOL is on the road towards $100.\u00a0<\/span><\/p>\nFeatured image from Pixabay<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"SOL investors are enjoying this year\u2019s festive season as Solana enters the $70 mark today, backed by extremely bullish market conditions. According to CoinGecko, the token is up 12% in the weekly timeframe, with the biggest jump in the monthly at 30%.\u00a0 Investment manager VanEck also speculates that Solana will join the ETF race, following recent news that the US Securities and Exchange Commission will approve a spot Bitcoin exchange-traded fund, further bringing exposure to traditional investors.\u00a0 Related Reading: OKX DEX Loses Over $400,000 To Hackers \u2013 What Happens To Customer Funds? A Not-So Far Off Possibility VanEck recently released a list of 15 predictions for the crypto world for 2024. In summary, the post favors a bullish 2024 for crypto, especially in the realms of Web3 gaming and DeFi. According to the prediction, both Web3 and DeFi will start 2024 on a strong note; with Web3 gaming getting a breakout and DeFi finally reconciling with the Know-Your-Customer issues it\u2019s known for.\u00a0 However, the most eye-catching of these is the speculation that SOL will be part of the spot ETF race in 2024.\u00a0 \u201cSolana will become a top 3 blockchain by market cap, Total Value Locked (TVL), and active users,\u201d said VanEck in the blog post.\u00a0 VanEck sees Solana as a top player within the DeFi space, eyeing even the possibility of SOL flipping Ethereum in the long run. This prediction is influenced by the fact that VanEck is running an exchange-traded note (similar to an ETF) with SOL being the underlying asset. This Solana ETN was released in 2021 in the heyday of the crypto boom.\u00a0 SOLUSD currently trading at $71.449 territory. Chart: TradingView.com If Solana does become part of the ETF race in 2024, it will bring in more institutional investors that willing to take some exposure from crypto investments.\u00a0 Short-Term Pain For Long-Term Gain The token sits at a high price point after following Bitcoin in its rally. This naturally brought SOL to a position that is slightly untenable in the short term. So far, investors and traders should be careful as the current price level might result in a slight dip in the next couple of days. Chart: TradingView Related Reading: Immutable Momentum: IMX Rockets To $2.21, Scaling Heights Unseen Since 2022 However, a dip in price shortly shouldn\u2019t be feared. This will only bring SOL in a better position for higher gains. If the token settles on the $70 price level, we might see gains far beyond $80 to $90 in the coming days. For now, the year will end on a positive note as SOL is on the road towards $100.\u00a0 Featured image from Pixabay<\/p>\n","protected":false},"author":557,"featured_media":565411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,84543],"tags":[90862,3505,12837,83626,14829],"class_list":["post-565390","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-solana","tag-2024-prediction","tag-price-analysis","tag-sol","tag-solana","tag-vaneck"],"acf":[],"yoast_head":"\n
Solana Enjoys Better Pastures As SOL Blows Through $70<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n