Solana pumps 8% to hit all-time high of $263, aims to hit $300

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Solana hits a new ATH with $300 in sight, while presales like Best Wallet and Pepe Unchained promise unique features and potential 100x gains.

Table of Contents

• ETF probes spark Solana rally
• SOL ATH with strong monthly candle
• SOL primed for ATH breakout rally
• These cryptos are tipped to explode in bull market rally

Solana is on fire today – an 8.8% pump has catapulted to a new all-time high (ATH).

Is $300 next, or should investors chase other altcoins for the biggest gains?

ETF probes spark Solana rally

The Solana breakout was fueled by rising interest in Solana ETFs.

Previously, the crypto spot ETF landscape was thought to be capped at Bitcoin and Ethereum.

However, Trump’s presidential victory – combined with Gary Gensler’s resignation announcement yesterday – has opened the doors for ETF issuers to launch more altcoin ETFs.

Less than 24 hours ago, news broke that VanEck and 21Shares had filed for Solana spot ETFs. This is the centerpiece driver in SOL’s recent rally.

JUST IN: 21Shares and VanEck file for Solana $SOL ETFs with CBOE.

— Watcher.Guru (@WatcherGuru) November 21, 2024

SOL ATH with strong monthly candle

Solana is on track for its strongest monthly candle ever.

Until now, the biggest monthly gain was $71 in August 2021. This month, Solana is trading $91 higher than its open, with under nine days until the close.

It’s showing immense strength, and the community couldn’t be happier.

$SOL – been quite the ride so far from the low to new all time highs. Plenty more to go. pic.twitter.com/Yh4S991EkP

— Raoul Pal (@RaoulGMI) November 22, 2024

Currently, SOL is trading close to its highest-ever price at $259. It peaked four hours ago at $263.

SOL is up 8.8% today, 23% this week, and 56% this month. It holds a $122 billion market cap and a $10 billion 24-hour trading volume, up 52% today.

On that note, Solana is the third-largest cryptocurrency and is just $7 billion from flipping USDT to become a top three crypto alongside Bitcoin and Ethereum.

But it’s not done there.

SOL primed for ATH breakout rally

It’s now trading in price discovery, and analysts expect the price to multiply in the coming months.

For instance, Kyle Reidhead says that SOL will reach between $500 and $1000 this cycle.

While he doesn’t give a time frame, the recent breakout suggests that XRP will smash beyond the $300 mark and continue rising in the forthcoming weeks.

$SOL ATH!

Love to see it.

How much higher? $500 -$1000 this cycle imo pic.twitter.com/Rmxo79VRBY

— Kyle Reidhead | Milk Road (@KyleReidhead) November 22, 2024

Similarly, analyst TraderMv says that “it’s a matter of time” until Solana hits $300 and suggests it will hit between $300 and $600 “in the coming months.”

#Solana is evolving quickly

We will retest this old ATH

which is $260

It’s a matter of time before we hit the $300 goal

We will see in the coming months a $SOL at $300/$600

We bought during this accumulation at $145 I would not sell any of my #SOL before reaching $400 pic.twitter.com/E21znFJnxg

— TraderMv (@DBoardCrypt) November 17, 2024

These cryptos are tipped to explode in bull market rally

It’s not only Solana pumping today. Large caps like XRP and Mog Coin have booked gains of over 20%.

But the lower caps are providing the biggest returns. In the meme coin sector, Moo Deng has pumped over 300% this week, while Chill Guy has pumped over 50x this week.

Looking ahead, analysts are tipping viral presale Pepe Unchained as a 100x opportunity. The project is an Ethereum layer 2 blockchain designed for meme coin trading.

Analyst Jacob Bury recently speculated it could 100x in price once it debuts on exchanges.

Ethereum’s DeFi and liquidity infrastructure have boosted the Pepe Chain, giving it a head start for mass adoption.

That’s reflected in its presale success, which has raised over $40 million so far. However, the token is set to launch on exchanges in 21 days, so prospective investors should act fast.

The Pepe Chain will come with a two-click meme coin generator, staking, a block explorer, a dedicated Ethereum bridge, and more.

Best Wallet token is another trending presale tipped for 100x gains. The project is an all-in-one super app that makes it easy for beginner users to navigate the on-chain crypto environment.

It’s a multi-chain, user-friendly wallet that lets users trade, track, research, and stake without ever leaving its interface.

The user experience even tops that of the leading centralized exchanges like Coinbase. And with the bull market here, the demand for user-friendly crypto apps is only increasing.

The Best Wallet token offers trading fee discounts, higher staking rewards, partner project bonuses, and more.

Another crypto that could provide massive gains is Autonomous Virtual Beings. It’s a new AI-focused meme coin that deploys AI agents trained on the viral Truth Terminal X account.

For the uninitiated, AI meme coins have exploded recently, and top meme coin traders like Ansem believe it could be one of the best-performing categories to invest in.

still fairly certain there will be multiple $10B+ AI coins this cycle – also think a lot of these just have too much functionality to be called memes, not sure what to name them

intersection of AI x Crypto will draw a lot of attention in 2025 https://t.co/cW5iEYzEQm pic.twitter.com/Zr8cSaxdst

— Ansem 🐂🀄️ (@blknoiz06) November 21, 2024

Autonomous Virtual Beings has a unique use case in the sector and shows huge demand, with a 70% pump today and a 757% rally in the last 14 days. However, with a $33 million market cap, it retains plenty of room for growth.

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