Solana at $87.56 trades above its 200-day EMA ($81.25) and approaches the 100-day EMA ($88.97). A close above $88.97 would confirm intermediate-term strength and target the recent swing high of $96.00.
The SEC's Regulation Crypto Assets proposal (August 18, 2026) allows startups to raise up to $75 million in tokens annually without registration. New tokens built on Solana, Arbitrum, and other chains could flourish.
Arbitrum, Optimism, and Base (Ethereum L2s) compete with Solana's speed and lower fees. As capital flows into altcoins, Layer-One devs shipping faster tech (Solana's Alpenglow finality, Aptos parallel execution) capture builder interest.
BlackRock, Fidelity, and other institutions traditionally held Bitcoin/Ethereum. Now, spot ETFs for altcoins (if approved) and growing institutional staking demand could drive capital to diversified layer-ones.
Bitcoin's MVRV ratio is 1.24; many altcoins show lower MVRV, indicating fresher holders at lower cost. This gap historically precedes altseason, when undervalued chains rally hardest.
If SOL closes above $96 and Bitcoin holds $77K, altseason is likely. Monitor total crypto market cap (now $2.1 trillion) for breakout above $2.3 trillion, the 2024 bull-cycle peak.
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