Solana Network’s Activity Surges, Will SOL Cross $190 Bullishly?
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The cryptocurrency market is buzzing with energy, and Solana (SOL) leads the excitement. Recent activity on the Solana network has been remarkable, sparking talks of a potential bull run. With SOL’s price eyeing a surge beyond $190, investors are eager to see what’s driving this momentum. Many are also looking at which other cryptos might ride this wave.
Solana Network’s Recent Surge Could Push SOL to Over $190
The Solana network is experiencing a surge in activity. The first Solana spot ETF should debut on Brazil’s stock exchange, B3, after approval from Brazil’s Securities and Exchange Commission on August 7th.
ETF inflows often lead to significant price increases, making this a potential game-changer for Solana. If the ETF succeeds in Brazil, it could encourage other economies to explore similar options. However, a U.S. Solana ETF might take longer to arrive.
Despite this, the Brazilian launch could be a strong catalyst for SOL’s price. Analysts are targeting $190 as Solana’s next major milestone. SOL has been near $145 for months, struggling to break out. But, with the potential ETF approval and network growth, a price jump could be imminent.
Solana recently reached an all-time high against Ether on August 7th but is still 41% below its previous peak of $259 from November 2021. These developments position Solana as a crucial player in the next major crypto market rally.
