{"id":621344,"date":"2025-01-25T12:56:34","date_gmt":"2025-01-25T12:56:34","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=621344"},"modified":"2025-01-25T12:56:34","modified_gmt":"2025-01-25T12:56:34","slug":"solana-price-prediction-as-grayscale-files-for-a-sol-etf-experts-say-consider-this-solana-layer-2-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/solana-price-prediction-as-grayscale-files-for-a-sol-etf-experts-say-consider-this-solana-layer-2-for-100x-gains","title":{"rendered":"Solana Price Prediction: As Grayscale Files For A SOL ETF, Experts Say Consider This Solana Layer 2 For 100X Gains"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Solana price edged up a fraction of a percentage in the past 24 hours to trade at $249.96 as of 9:56 a.m. EST on trading volume that rose 18% to $8.5 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes after Grayscale Investments filed for a Solana ETF (exchange-traded fund) with the New York Stock Exchange (NYSE). It&rsquo;s the latest among a number of filings prompted by the expectation of a friendlier regulatory environment under Donald Trump&rsquo;s leadership.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680;&#128680;&#128680;&#128680;<br>Breaking News: Grayscale has officially submitted a filing for a Solana ($SOL) Exchange-Traded Fund (ETF) with the New York Stock Exchange (NYSE). &#128293;&#127919;<a href=\"https:\/\/twitter.com\/hashtag\/Solana?src=hash&amp;ref_src=twsrc%5Etfw\">#Solana<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CRYPTO?src=hash&amp;ref_src=twsrc%5Etfw\">#CRYPTO<\/a> <a href=\"https:\/\/t.co\/TjmZdA4vrD\">pic.twitter.com\/TjmZdA4vrD<\/a><\/p>\n<p>&mdash; Seth (@seth_fin) <a href=\"https:\/\/twitter.com\/seth_fin\/status\/1882907276723515781?ref_src=twsrc%5Etfw\">January 24, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Solana Price Could Continue Soaring<\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/solana\"><span style=\"font-weight: 400;\">SOL price<\/span><\/a><span style=\"font-weight: 400;\"> on the daily chart reveals a strong bullish trend that has gained significant momentum recently.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After a period of consolidation in mid-2024, the Solana price broke out above key resistance levels, and the current price hovers around $249.96, just below recent highs near $273.42.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0x1e4600929edf7f36b4a7eac4c7571057d82a246c\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\"> shows that the Solana price is trying to capitalize on the rounding bottom pattern, using the $170.62 support.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the SOL is trading well above the 50-day Simple Moving Average (SMA) at $212.36 and the 200-day SMA at $178.80, further confirming the bullish trend.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The SMAs have also formed a &ldquo;golden cross&rdquo; around $151, where the 50-day SMA crossed above the 200-day SMA&mdash;another strong indicator of bullish sentiment.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, the Relative Strength Index (RSI) stands at 62.52, showing bullish momentum but not yet in overbought territory (above 70). This suggests there is still room for further upward movement before any potential correction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence Divergence blue (MACD) line is positioned above the orange signal line, with both trending above the zero line&mdash;indicating strong bullish momentum.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The histogram also shows sustained positive momentum.<\/span><\/p>\n<figure id=\"attachment_621345\" aria-describedby=\"caption-attachment-621345\" style=\"width: 1638px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-621345\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/SOL_2025-01-25_05-56-31.png\" alt=\"Solana Price Chart Analysis Source: GeckoTerminal\" width=\"1638\" height=\"666\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/SOL_2025-01-25_05-56-31.png 1638w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/SOL_2025-01-25_05-56-31-300x122.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/SOL_2025-01-25_05-56-31-1024x416.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/SOL_2025-01-25_05-56-31-768x312.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/SOL_2025-01-25_05-56-31-1536x625.png 1536w\" sizes=\"(max-width: 1638px) 100vw, 1638px\"><figcaption id=\"caption-attachment-621345\" class=\"wp-caption-text\">SOL\/USDT Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2>SOL Poised For Further Upside Movement<\/h2>\n<p><span style=\"font-weight: 400;\">Based on the technical setup, the price of SOL appears poised for further upside in the near term.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The successful breakout of the rounded bottom pattern suggests a potential target of around $337.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, key support levels lie at the 50-day SMA ($212) and the 200-day SMA ($178), which can act as safety nets in case of a pullback.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, investors are also buying a new Solana layer 2 meme coin called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Solaxy (SOLX)<\/span><\/a><span style=\"font-weight: 400;\">. According to 99Bitcoins, a popular crypto YouTube channel with over 722K subscribers, SOLX has the potential to soar 100X post-launch.<\/span><\/p>\n<p><iframe title=\"BEST 3 Meme Coins to Buy Now Before 2025?! (New 100X Potential Crypto!?)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/7usUlycZEUs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Solaxy Presale Heads For $15 Million&mdash;Next 100X Crypto?<\/h2>\n<p><span style=\"font-weight: 400;\">Solana markets itself as a fast, reliable, and affordable blockchain, especially compared to Ethereum&rsquo;s slower and more expensive system. But<\/span><span style=\"font-weight: 400;\"> recent events show Solana has not lived up to these promises, and the situation has worsened after trading boomed following the launch of Official Trump and Melania Meme tokens.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Solaxy solves this by handling transactions on a second layer, easing the load on the Solana mainnet.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128680; Solaxy is now live in Upcoming Tokens! &#128680;<a href=\"https:\/\/twitter.com\/SOLAXYTOKEN?ref_src=twsrc%5Etfw\">@SOLAXYTOKEN<\/a> gives holders an opportunity to join the first-ever Solana Layer 2 blockchain. <\/p>\n<p>Solaxy is set to enhance blockchain innovation through limiting congestion, reducing failed transactions, and improving scalability on SOL.&hellip; <a href=\"https:\/\/t.co\/satNF6zFNF\">pic.twitter.com\/satNF6zFNF<\/a><\/p>\n<p>&mdash; Best Wallet (@BestWalletHQ) <a href=\"https:\/\/twitter.com\/BestWalletHQ\/status\/1869036158208147515?ref_src=twsrc%5Etfw\">December 17, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Solaxy&rsquo;s solution relies on three key features: off-chain processing to handle the heavy work, transaction bundling to cut costs, and secure settlement back on the main Solana chain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Solaxy also offers holders who stake their SOLX tokens a huge annual yield of 269%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors interested in participating in the presale can visit the official Solaxy website to buy SOLX tokens for $0.001614 each using BNB, ETH, USDT, or a bank card.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Buy before a price hike in a little more than 1 day to secure the best deal and join investors who have poured over $14.5 million into the project.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Visit the official SOLX website here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/best-wallet-presale-raises-8m-a-next-gen-web3-wallet-for-trumps-world-capital-of-crypto\"><span style=\"font-weight: 400;\">Best Wallet Presale Raises $8M<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/ai-meme-sector-soars-128-as-mind-of-pepe-ico-surges-past-3-5-million\"><span style=\"font-weight: 400;\">AI Meme Sector Soars 128%<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-pepe-hits-58-5-million-after-raising-4-5-million-in-72-hours-as-fomo-hits-fever-pitch\"><span style=\"font-weight: 400;\">Wall Street Pepe ICO Hits $58.5 Million<\/span><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">                                         <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Wallet - Diversify Your Crypto Portfolio<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Our Rating<\/p>\n                                           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at $249.96 as of 9:56 a.m. EST on <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":621347,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-621344","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana Price Hits $249 As Experts Say This SOL Layer 2 May 100X<\/title>\n<meta name=\"description\" content=\"The Solana price edged up a fraction as Grayscale filed for a Solana ETF and experts say this Solana layer 2 might 100X.\" \/>\n<meta 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