Solana Defies Early Doubters—Now Surging Toward New Highs
Solana shakes off slow start as institutional money floods in.
Why the turnaround? Three words: Speed, scalability, and—let's be honest—FOMO.
Network activity spikes 300% since Q1 as degens pivot from Ethereum's gas fees. Validator queues hit capacity—the 'good problem' of too much demand.
Not everyone's convinced. 'Congestion is just failed scaling with extra steps,' tweets one rival chain dev (who definitely isn't salty).
Meanwhile, SOL breaks $200 resistance—because nothing fuels crypto rallies like traders chasing the next shiny object while VCs quietly take profits.
$109,605 trades at $109,170. Today, despite the ETF listing, SOL Coin experienced only a modest rise, lingering around the $150 mark. What potential opportunities might Solana
$153 offer? What are the predictions for SOL Coin and the broader markets?
ContentsSolana (SOL)Will Altcoins Rise?
Solana (SOL)
Despite Iran’s suspension of cooperation with UN nuclear observers leading to a 2% increase in oil prices, no signs of conflict are evident. Ceasefire talks continue, and tariff agreements are being announced. Negotiations between the EU and the United States have been ongoing since yesterday, and no official statement has been made regarding the proposal submitted to the European Union on Friday.
During these events, Solana’s staking-featured ETF began trading on the US exchange. It peaked at $26.08 from an opening of $25.66. As market closure approached, the volume nearly hit the $30 million mark. For an altcoin, this is a substantial figure, and with potential positive news regarding tariffs, the volume could rapidly multiply in the coming days.
The SOL Coin ETF listing has not yet made a visible impact on the charts. However, this is not unusual, as similar delays were observed with both BTC and ETH ETFs. The anticipated parabolic rally for BTC was delayed after its ETF approval, and even more so for ETH, but investors eventually reaped rewards. As SOL Coin has a lower market value, it may experience an easier rise. The crypto market, indeed, is full of surprises.
Will Altcoins Rise?
Countries must finalize tariff agreements with the US. Markets remain cautious due to uncertainties regarding tariffs. Should a global trade war not emerge, these agreements, expected to be signed by July 9, could uplift risk markets. Today, Vietnam signed the agreement and the UK was the first country to do so. A long-term rare earth elements agreement was also signed with China.
Alex Krüger noted potential market developments.
“The impending Bitcoin boom will be intense. The market awaits July 9 and clarity on tariffs, after which momentum will begin. Trump’s tax law and Bitcoin treasury advancing to the third stage will soon fuel the excitement. The person succeeding Powell in 2026 (short-term bullish, long-term bearish) will be the icing on the cake.”
Pentoshi offered similar predictions, suggesting the primary bullish phase for cryptocurrencies may be commencing.
“Exhibiting a bearish trend on the first day of Jubilant July was akin to conceding in the opening minutes of a match. Now, we lead at new highs. Some of you have clearly never played basketball before, it’s obvious. Imagine those days as the lowest of the month, and we never look back after that.”
You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.