Solana Passes $200, is $300 Now in Sight? Why Snorter Token Could Benefit

Solana (SOL) has been making serious moves this week, hovering around the $200 mark after briefly hitting $203 earlier today.

It’s a major resistance level, and price action has been choppy – buyers and sellers are clearly battling it out. But with trading volumes exploding and momentum building, it’s not just SOL that’s getting attention. Smaller Solana-linked projects are also starting to benefit.

One of the standouts right now is Snorter (SNORT). This new Solana trading bot has raised over $2.2 million in presale as investors rush to secure tokens before they go live. After the likes of Bonk and PENGU soared last week, could Snorter become the next Solana token to explode?

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Solana Rallies Above $200 as Volume & Open Interest Surge

A mix of technical momentum and institutional interest has driven this week’s SOL rally. Spot trading volumes reached $14.6 billion in the past 24 hours – up 64% from the day before – while open interest across futures markets hit an all-time high of $5.7 billion.

Those numbers show that traders are betting big on SOL, but the $200 mark remains a tough wall to break.

One of the key catalysts behind the rally is the REX-Osprey SOL+ Staking ETF (SSK), which has topped $100 million in assets just 12 days after its launch. This ETF gives institutions a way to access SOL while earning staking rewards, and it’s helping drive demand.

On top of that, Bitcoin dominance has dropped 5.8% in the past week – its sharpest weekly fall since 2022 – while the Altcoin Season Index has jumped over 200% month-on-month. The spotlight is shifting, and Solana is right in the middle of it.

Could Solana Hit $300? Here’s What It Would Take

Reaching $300 means Solana would need another 50% jump from here, putting its market cap around $160 billion – about the size of Tether (USDT). It’s ambitious but doable, especially with several bullish catalysts ahead.

First, upcoming network upgrades, such as the Firedancer validator client, promise much faster speeds and fewer outages. The planned consensus improvements and doubled block space would also boost Solana’s overall capacity, making it even more attractive to devs.

Institutional adoption is ramping up too. Companies like Nasdaq-listed Upexi are tokenizing their shares on Solana, bridging traditional finance (TradFi) with crypto. There’s also all the buzz around the potential approval of a U.S.-based spot SOL ETF, which would likely lead to massive institutional inflows. Those inflows alone could easily catapult SOL toward $300.

Add in regulatory engagement through initiatives like the Solana Policy Institute, and you’ve got everything SOL needs to keep rising in the weeks and months ahead.

Why a Solana Rally Could Supercharge New Telegram Trading Bot Snorter

If Solana heads toward $300, it’s not just SOL holders who’d win big – projects in its ecosystem, like Snorter, could thrive as well.

Snorter is a Telegram-native trading bot tailored specifically for meme coin traders on Solana, offering blazing-fast trade execution, automated token sniping, and advanced trading features – all within your messaging app.

When SOL’s price rises, trading volumes soar, prompting new token launches on Solana and plenty of speculative opportunities. That’s exactly where Snorter shines. Its sub-second execution means users can jump into newly launched tokens ahead of slower traders, and its automated tools – like real-time rug pull detection and copy trading – become even more valuable as the ecosystem heats up.

Plus, with increased trading activity, Snorter’s fee discount for SNORT holders (just 0.85% instead of the standard 1.5%) also becomes more appealing. And as Snorter gains visibility, more traders will use the project’s staking program, locking in a market-beating annual yield.

All of these dynamics feed into a flywheel effect. More users mean more trading, which boosts demand for SNORT. That’s why crypto YouTubers like Token Zenith are so bullish on Snorter’s future.

So, if SOL continues to climb toward $300, expect Snorter’s utility, user base, and token price to rise right alongside it.

Visit Snorter Presale

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Nikolay Kolev

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.