The Solana price has struggled to move today, with the altcoin staying at $153.36 as the crypto market as a whole loses 1% in the past 24 hours.
SOL is now up by 2.5% in a week but down by 1% in a month, while also posting an extremely modest 1% gain in a year.
These are disappointing percentages, yet the coming months may prove more profitable for the token, especially if the SEC approves the SOL ETF applications currently under review.
Some analysts are beginning to give high odds for approval, and when combined with Solana’s already-strong fundamentals, this results in a hugely positive long-term Solana price prediction.
The SEC is currently assessing SOL ETF applications from VanEck, Fidelity, Franklin Templeton, Bitwise, Grayscale, 21Shares, Canary, Invesco and CoinShares, and according to Bloomberg analyst James Seyffart there’s a 95% chance of approval in 2025.
If the regulator does approve most or all of the above ETFs, then this would be direct a massive amount of demand and liquidity towards Solana, with the latter’s price rising exponentially as a result.
Even now, Solana is popular among institutions, with CoinShares Digital Asset Funds Flow report showing that digital funds currently have $1.3 billion in SOL under management.
This means that, after Bitcoin and Ethereum, Solana is the most popular token among institutions, something which will only become more apparent if the SOL ETFs win approval.
Such bullishness isn’t reflected in Solana’s chart today, however, with its indicators continuing to show the coin in an oversold position.
That said, there are signs that things could change soon, with SOL’s moving average convergence divergence (orange, blue) beginning to rise from a sub-baseline level.
Something similar may also be happening with the coin’s RSI (purple), which has risen above 50 this morning, in a sign of renewed buying pressure.
When taken with the bullish pennant formed by SOL’s upper and lower bounds in recent months, these indicators suggest that the Solana price may be close to rallying again.
This will depend on macro factors, with next week bringing us the pivotal deadline on US tariffs, yet if things do stabilize, then SOL will rise.
And in the longer term, the approach of important upgrades (Firedancer and Alpenglow) will only strength Solana’s fundamental position.
As such, the Solana price could hit $200 by the end of August, and $300 by the final month of the year.
For traders wanting to diversify beyond major tokens such as Solana, there are newer alternatives to consider.
This includes new entrants into the top 100, such as KAIA, Pudgy Penguins, and SPX6900, and it also includes presale coins, which can often rally hard after generating strong momentum during their sales.
One of the newest and most exciting is TOKEN6900 (T6900), which much like the aforementioned SPX6900 is using nostalgia for the dot-com bubble to interesting effect.
It launched its sale earlier this week and has already attracted more than $100,000 in funding, with investors pulled in by its viral and meme-heavy marketing efforts.
Unlike many other altcoins, TOKEN6900 isn’t promising anything in the way of utility, fundamentals or a minimum viable product.
Instead, it claims to rest its appeal on “Delusion, Irony, And The Collective Hallucination Of Terminally Online Traders,” while describing itself as a “Crypto Presale Fantasy.”
It will have a max supply of 930,993,091 T6900, which is precisely 1 more token than SPX6900 had in circulation at the time TOKEN6900 launched its sale.
As an Ethereum-based crypto, holders will be able to stake the coin for a passive income, something which could make it profitable to own.
You can join its presale by going to the official TOKEN6900 website and connecting a compatible wallet, such as Best Wallet.
T6900 currently costs $0.006425, but this will rise repeatedly as the sale progresses.
