Solana’s Rise: Is SOL the New King of Crypto? 🏆

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As Solana, that sprightly little upstart, dances its way into the hearts of institutions, Cantor Fitzgerald, with all the gravitas of a seasoned oracle, predicts it may soon overshadow the venerable Bitcoin and Ether in the grand halls of corporate treasuries. The report, with a flourish, declares that Solana’s staking capabilities, expanding utility, and capital efficiency make it an ideal holding for companies. Who knew crypto could be so… practical? 😏

Our esteemed analysts at Cantor Fitzgerald believe that public companies might just adopt Solana as a core asset, akin to MicroStrategy’s Bitcoin treasury strategy, but with a twist of more yield potential. Because who doesn’t love a little extra on the side? 🍰

Unlike Bitcoin, which is as stubborn as an old mule, SOL allows companies to earn yield on treasury holdings without the need to issue additional shares. The report explains that staking enables Solana treasury companies to grow SOL per share more efficiently than their Bitcoin-based counterparts can grow BTC. It’s like comparing a sprightly gazelle to a lumbering elephant! 🦓

Solana’s Aggressive Expansion

The report also notes Solana’s aggressive expansion into realms beyond mere meme coin trading. Data from DeFiLlama suggests that SOL’s total value locked (TVL) has increased by more than 33 times in the past year, currently standing at a staggering $8.63 billion. Talk about a glow-up! 💅

This blockchain is rapidly becoming a hub for tokenization, utilized by institutions like Moody’s for credit rating assets. Kraken is also considering a tokenized stock product on Solana’s infrastructure, reflecting a growing confidence in the network’s capabilities. It’s like watching a teenager blossom into a confident adult! 🌱

In a delightful twist, tech investment firm MemeStrategy recently became the first publicly listed company in Hong Kong to invest directly in Solana. Their Monday SOL purchase sent their stock soaring by 28.5% on the Hong Kong Stock Exchange, with continued gains on June 17. Who knew crypto could be so… profitable? 💸

Meanwhile, CoinShares has become the 8th firm to file for a spot Solana ETF with the US SEC, aiming for a Nasdaq listing. Bloomberg analysts estimate a 90% probability of approval by July 2025, though Q4 2025 seems a more realistic timeline. Patience, dear investors, patience! ⏳

SOL Price Outlook

At the time of writing, Solana is trading at $154, down by around 2.18% in the past day. It currently boasts a market capitalization of $81 billion. Not too shabby, eh?

On the daily chart, the price is rebounding from the lower Bollinger Band, now closing right at the mid band (20-day SMA) at $154.37. This suggests neutral momentum but early signs of strength. The bands are compressing, often leading to a breakout. A breakout above the mid band resistance could lead to tests at $166 and $188. Fingers crossed! 🤞

SOL price chart with RSI and Bollinger Bands | Source: TradingView

The RSI is sitting at 47.65, suggesting that the sixth largest cryptocurrency is neither overbought nor oversold. A further move in RSI could lead to stronger bullish sentiment. However, a drop from the current level could send SOL to support at $142 and $134. The drama unfolds! 🎭

According to our resident crypto analyst, Batman, Solana appears to be quietly positioning itself for a significant upward movement. He outlined three possible phases for the rally: first breaching $188, then pushing toward $227, and potentially breaking above $280. Sounds like a superhero story in the making! 🦸‍♂️

$SOL looking solid for a massive run!

Look at the TA showing 3 clear phases. First Break $188 → then push to $227 → then possibly $280+.

It is building quietly right now, but the curve is turning vertical. Feels like something big is happening soon.

Are you ready?

— BATMAN ⚡ (@CryptosBatman) June 16, 2025

Solaxy ($SOLX) Gains Traction Amid Growing SOL Interest

As Solana (SOL) continues to draw attention, Solaxy (SOLX) is emerging as a promising blockchain initiative designed to improve the speed and reliability of the Solana network. Because who doesn’t want a faster internet? 🏎️

Solaxy’s primary focus is to tackle common issues such as network congestion, scalability bottlenecks, and failed transactions, particularly during periods of high demand. It’s like giving the network a much-needed caffeine boost! ☕

Solaxy proposes a Layer 2-style solution where transactions are initially processed off-chain, bundled efficiently, and then finalized on Solana’s mainnet. This method helps reduce transaction failures and increases overall network performance without compromising security. A win-win, if you ask me!

SOLX Token Presale and Utility

To support development and early backers, Solaxy has launched a presale for its native utility token, SOLX. The project is offering a highly competitive staking yield of 103% APY for early participants, aiming to incentivize long-term holding and engagement. Sounds like a deal you can’t refuse! 💰

SOLX Presale Details:

  • Token price: $0.001766
  • Funds raised so far: $53.8 million
  • Accepted payments: Crypto and Debit/Credit Cards
  • Token ticker: SOLX

Post-presale, SOLX will be deployed on several blockchains. Investors will be able to bridge their tokens to Solaxy’s custom-built Layer 2 solution. Additionally, SOLX is expected to be listed on both centralized and decentralized exchanges, expanding access and liquidity. It’s like opening the floodgates! 🌊

Investors seeking to put their money in up-and-coming projects within the Solana ecosystem can add Solaxy to their watchlist. Because who doesn’t love a good underdog story? 📈

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2025-06-17 13:38