Solana Price Eyes $200 As Superstate Unveils ‘Opening Bell’ Platform

The Solana price touched $160 on the day, following the Bitcoin price rally above the psychological $100,000 level. Now, crypto analyst Crypto Zeinab predicts that the altcoin could sustain its bullish momentum and rally to as high as $200. This bullish outlook for SOL comes amid Superstate’s plan to launch the Opening Bell platform for stock issuance on the Solana network. Solana Price Eyes Rally To $200 In an X post, Crypto Zeinab stated that SOL is forming an inverse head-and-shoulders pattern on the higher time frame. The analyst further remarked that SOL will face a breakout point at the $160 price level, which could lead to a rally to $180 and $200 next. The SOL price has surged to the $160 level today, following the Bitcoin price rally to the $100,000 level following Donald Trump’s announcement of the US-UK trade deal. Meanwhile, Zeinab’s bullish prediction comes amid Superstate’s announcement of the Opening Bell platform on the Solana network. The platform will enable companies to issue publicly registered equity directly onto blockchain networks like Solana. According to Superstate, the platform is built on the same infrastructure that powers its tokenized funds, USTB and USCC. The Opening Bell platform aims to enable 24/7 stock trading, ensuring accessibility for investors. The firm explained that its SEC-registered, blockchain-enabled transfer agent will record and tokenize company shares. These shares will be actual company shares and not wrapped tokens. This move will boost SOL’s adoption and possibly provide a huge boost for the Solana price. Interestingly, this development comes just as crypto exchange Robinhood considers the Solana network for its plan to offer tokenized US stocks to its EU users. Meanwhile, the US SEC is also considering a proposal to allow companies to engage in tokenization by issuing and trading securities using blockchain technology. SOL Strategies To Become The First Issuer On The Opening Bell Platform SOL Strategies announced that it is working to become the first public company to bring registered shares on Solana through the Opening Bell platform. The firm already signed a non-binding memorandum of understanding (MoU) with Superstate towards achieving this goal. As part of the MoU, SOL Strategies and Superstate will explore the latter acting as a junior transfer agent for the former. SOL Strategies stated that they believe tokenized equity can strengthen the SOL ecosystem since more on-chain assets leads to more activity and a healthier network. This could also spark a surge in the Solana price. It is worth mentioning that the firm is actively invested in the Solana ecosystem. SOL Strategies recently acquired 122,524 SOL for $18.2 million. The company holds 391,782 SOL in total. ✓ Share: Boluwatife Adeyemi Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss. Source: https://coingape.com/solana-price-eyes-200-as-superstate-unveils-opening-bell-platform/