The Recent Surge in Solana Price
The price of Solana has surged by 20% in the last 24 hours, reaching $63.10 at 7 a.m. EST after the listing of SOL perpetual futures on Coinbase. This listing has made it more accessible to institutional investors and has contributed to its significant growth in the past month.
Reasons Behind the Surge
Solana’s recent Breakpoint 2023 event, where a JavaScript Engineer at Solana Labs, Steven Luscher, spoke about the latest iteration of Solana Web3.js, is one reason for the price increase. The toolkit will empower developers to establish a stronger connection with blockchains. Another factor is the recent listing of SOL perpetual futures on Coinbase, making it more appealing and accessible to institutional investors.
Bitcoin ETF Token Presale Success
While Solana’s success has attracted attention, many are turning to the Bitcoin ETF token, which aims to reward holders once Bitcoin spot ETFs start gaining approvals in the US. The presale for this token has seen significant success, raising $710k as of now.
The current price of BTCETF token is $0.0052, but it is scheduled to see a price increase in under 24 hours.
Hot Take: The Future of Solana and Bitcoin ETF Token
The surge in Solana’s price demonstrates its growing popularity and accessibility to institutional investors. Similarly, the success of the Bitcoin ETF token presale indicates strong support for potential Bitcoin spot ETF approvals. These developments are indicative of the increasing interest and participation in the cryptocurrency market.
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