$SOL is in full chart boom, pushing to $200 as BIT Mining takes steps to kickstart its $300M $SOL treasury.
The Chinese company announced its plans to set up a $300M $SOL treasury on July 10, pivoting away from Bitcoin with the goal of ‘staying adaptive and responsive in an ever-evolving industry.’
Following that announcement, BIT Mining acquired 27,191 $SOL on August 5, for a total investment of $4.89M, to launch its self-operated Solana validator.
The fact that one of China’s largest former Bitcoin mining companies is now shifting some of its attention to Solana is a powerful driving force behind $SOL’s recent performance.
Solana Could Push Beyond $200 Soon
$SOL is 10% up over the past 7 days, currently trading at $180.46 and still reflecting a 1.66% push in the last 24 hours.
Solana also outperformed Ethereum on several counts, racking in 121M more transactions, 68x faster speeds, and 722x lower fees, according to a crypto analyst.
This performance fired up $SOL, triggering technical indicators that hint at a coming bull run. $SOL already broke through the $180 psychological threshold, which could evolve into a full-on rally past $200.
According to Crypto Potato analysts, $SOL is currently in a clear uptrend, displaying higher highs and higher lows, which could push it past the $185 resistance level. Once that happens, the token could break the $200 ceiling again.
Analyst Zed agrees with this assessment, stating that $SOL clearing $180 is a precursor to another rally toward $200 and above.
At the time of writing this article, $SOL has pushed to $182 with a 3.85% green pressure and an 85% bullish community sentiment.
Pushing towards the $200 threshold would see $SOL gaining massive momentum which could further feed off of FOMO investments to test the $300 barrier.
In this context, it won’t take long for crypto snipers to come online, which would bring a breath of fresh air to projects like Snorter Token.
How Snorter Token ($SNORT) Turns Novice Traders Into Proficient Coin Snipers
Snorter Token ($SNORT) is the long-awaited solution to manual coin hunting, which is largely ineffective, risky, and technically demanding.
Welcome Snorter Bot, the Aardvark sniper whose sole mission is to sniff and snipe hot tokens off of blockchain the moment liquidity becomes available.
Snorter Bot is the answer to all of the problems associated with manual coin hunting, especially the high risk of scams like honeypots and rug pulls. The Bot’s integrated real-time alerts highlight suspicious projects to keep your funds safe.
The Bot operates in a Telegram chat-only, centralizing its activity in one place for a plus of comfort and security.
This Solana-based trading bot is one of the most effective coin hunters, sniping the target tokens in milliseconds after they show liquidity. This level of effectiveness might even outweigh even top UIs like Jupiter, Pump Fun, and Raydium.
The Bot will also offer features like copy trading and fast and secure swaps, all in one place, without you having to juggle multiple wallets and browser extensions for the same benefits.
$SNORT is the project’s native token, fueling Snorter Bot’s ecosystem, currently in a $2.9M presale. The token has the presale price of $0.1007, but there are high chances itll surge post-launch, given the project’s blockchain utility and potential.
According to the project’s roadmap, Snorter Token is in the second stage of development, with two more phases to unfold post-launch.
Put simply, Snorter Token is the ideal trading partner for both novice and experienced traders, but especially for the former, thanks to its customizable features and unmatched efficiency.
If you’re interested in learning more about Snorter Token, read the project’s details in the official whitepaper.
If it ticks and you’re ready to invest, you might want to do it now, while $SNORT is still trading at its presale price. You can buy Snorter Token by following our guide.
Our $SNORT price prediction sees a potential price of $0.94 by the year’s end, which would be an 834% increase from the current price.
Will $SOL Reach $200?
$SOL is currently consolidating above the $180 threshold, as the common consensus is that the coin should theoretically push to $200.
This is based on the historic chart indicators and $SOL’s recent bullish performance, triggered and sustained by the growing institutional adoption and investor trust.
With $SOL pushing to, hopefully, a new ATH, Solana-based projects like Snorter Token ($SNORT) could see a massive influx of investors.
This isn’t financial advice. Do your own research (DYOR) before investing.
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