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![Solciety logo](https://invezz.com/wp-content/uploads/2024/07/Solciety-logo.jpg)
Altcoins are signaling recovery following Bitcoin’s latest upswing past $65.5K. Meanwhile, Solana emerges as the front-runner of the impending bull market.
Bullish developments such as the SOL exchange-traded funds narrative and meme crypto rally have kept Solana afloat this season.
Market players trust ETFs will lead to a 9x surge for Solana, propelling the altcoin above $1000.
🧪SOL could grow nearly 9 times after the adoption of spot Solana ETFs, according to analysts at GSR.
🏆The impact on the SOL price could be much greater than the impact of spot bitcoin ETFs on BTC.
🟡Already, several companies have applied for the spot SOL ETF. More to come. pic.twitter.com/aJ3A0SEweN— Crypto Hero (@realcryptokadir) June 28, 2024
That would see projects housed with the Solana blockchain, including political-based Solciety (SLCTY), outperforming in the upcoming months.
Solciety is among the new meme coins in the SOL ecosystem, and its timing and tokenomics position it for success.
The project demonstrates its momentum in the presale, with $1,035,900 out of $1,402,708 raised at stage 5 of 15.
Solciety’s ICO success showcases investor confidence in the asset’s future.
Besides tapping on Solana’s success in the crypto market, Society’s viral marketing strategy and unique approach make SLCTY more than just a themed asset.
SOL has outperformed in the recent market surge, even outperforming Bitcoin and Ethereum.
Its outlook suggests continued growth in the coming months, and Solana-based tokens appear destined for glory.
Solana leads altcoins’ breakout
Solana remains one of the top layer1 cryptocurrencies, and SOL’s current outlook testifies to that.
Charts show it is among the first altcoins to overcome their downtrends.
The weekly timeframe for Solana looks impressive. The altcoin broke out from a triangle that engulfed it for weeks, confirming a robust bullish signal.
![](https://invezz.com/wp-content/uploads/2024/07/image-26.png)
Source – TradingView
That opened the path towards the $250 mark, where climbing at the triangle top to explore the $260 highs would be smooth.
Fibonacci extension shows that such an uptick would propel the altcoin towards $416, $670, & $920 before hitting the projected target past $1K.
Politifi token Solciety joins Solana’s upward wave
The latest SOL performance has attracted the attention of market players.
Solana meme coins have also outshined other segments, with their current market cap of $8.39 billion.
Assets such as Dogwifhat, Bonk, and Book of Meme contributed to the SOL meme’s success, surging up to 7,800% in the previous year.
Meanwhile, the new project Solciety seems to have what it takes to become the ICO of this year on the Solana ecosystem.
Also, the ongoing global election buzz bodes well with Solciety, considering the political ties.
Experts believe the upcoming US general election would be pivotal for digital assets.
Meanwhile, Donald Trump has become the favorite to win since the Pennsylvania shooting.
Pundits believe Trump’s pro-crypto force is the only catalyst missing for cryptos to flourish.
SLCTY trades at $0.002289 during this publication and remains poised for 100x gains in 2024.
You can visit Solciety’s website for more information about its fast-paced presale.
The post Solciety (SLCTY) presale accelerates towards target as Solana leads altcoins’ breakout appeared first on Invezz
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