Solana (SOL) has seen a meme coin-fueled price surge, reaching near $170 and hitting an intraday high of $170.26, suggesting a bullish Solana price prediction. The recent approval of Ethereum spot ETFs by the U.S. Securities and Exchange Commission (SEC) has opened the doors for more crypto investment products, according to research from TD Cowen's Washington Research Group.

Geoffrey Kendrick, Head of Forex and Digital Assets Research at Standard Chartered Bank, predicts that cryptocurrency ETFs for Solana and XRP might be approved by 2025, following the Ethereum ETF precedent. This potential approval could significantly boost the prices of these cryptocurrencies by 2025.

Solana's position above the pivot point suggests a potential upward move, with immediate resistance at $170.37. A break above this level could push it further towards $176.66 and $183.26. However, if the price falls below the immediate support at $156.75, it could decline further towards $151.08 and $144.08.

As Solana continues its upward trajectory, attention turns to the promising Sealana presale, offering investors a new opportunity to dive into the Solana ecosystem. Sealana, a chubby seal completely engrossed in the degen market, has traded his youthful figure for a diet of chips and tinned tuna. The presale offers a chance to buy $SEAL at just $0.022 per token, with a current raise of around $3 million.

The growing acceptance of cryptocurrencies within traditional finance is also evident in the recent approval of eight spot Ethereum ETF applications by the SEC. This move signals a softening of the Biden administration's crypto stance as the U.S. election approaches.

Former U.S. President Donald Trump has also embraced "all things related to this new and burgeoning industry," assuring that he would never let crypto die and throwing shade on Biden's moves to kill Bitcoin and crypto. Trump's sudden crypto embrace has caught the eyes of several prominent investors, with Shark Tank billionaire Mark Cuban warning that Trump could win the 2024 elections for taking up a "new weapon" against Biden: crypto.

Despite the decline in crypto usage among U.S. adults, from 12% in 2021 to 7% in 2023, crypto holds a key space in U.S. politics, with several crypto businesses willing to spend over $80 million in the upcoming 2024 elections.

The Bitcoin white paper has also made its way back to the Bitcoin.org website following Craig Wright's unsuccessful attempt to prove his identity as Satoshi Nakamoto, the pseudonymous creator of the Bitcoin protocol.