A widely followed crypto strategist and trader believes that steep rallies are in store for one Solana (SOL) challenger.

Pseudonymous analyst The Crypto Dog tells his 829,200 followers on the social media platform X that layer-1 chain Sui (SUI) may be poised to witness huge bursts to the upside after printing a new all-time high (ATH).

With blue skies ahead for SUI, the trader thinks it is within the realm of possibility for the altcoin to go vertical.

“We gonna see a proper parabolic ATH break run?” 

At time of writing, SUI is worth $2.32 slightly below its new all-time high recorded just hours ago.

Turning to the memecoin Pepe (PEPE), the trader thinks it is gearing up to take out its diagonal resistance and spark a new leg up.

“PEPE wants to start something.” 

At time of writing, PEPE is trading at $0.00000962, still below the analyst’s diagonal resistance.

Looking at fellow memecoin dogwifhat (WIF), the trader thinks the altcoin needs to overcome one downward resistance line to ignite rallies to fresh all-time highs.

“ATH run?”

 At time of writing, WIF is trading for $2.63, hovering close to the trader’s diagonal resistance.

As for Bitcoin, the trader says BTC is very close to witnessing a proper bull market.

“We break $63,500 it’s gonna be no items long only final destination.” 

At time of writing, Bitcoin is worth $62,682.

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VanEck is hinting at a Solana ETF again, sparking interest at the Bitcoin Conference as SOL surpasses BNB in market cap.

Investor Interest Peaks with VanEck’s Solana ETF Hint

The spot Ethereum ETFs have been trading for about a week on Wall Street, and now investors are looking forward to the next crypto ETF, which is expected to be Solana, the second-largest altcoin. Intriguingly, the colossal asset manager VanEck is once again dropping hints that a spot Solana ETF might be in the works, per Coingape.

Quite a few people at the Bitcoin conference have asked about Solana, according to a recent tweet by VanEck.

Market Anticipates SEC Approval for Solana ETF

Before the spot Ether ETFs were live, VanEck filed their Solana ETF in the latter month of June, as is well known. According to VanEck’s last tweet, the altcoin is doing well, and the SEC will likely approve a Solana ETF without any trouble with liquidity.

On the other hand, major asset managers like BlackRock aren’t exactly rooting for the expansion of crypto exchange-traded funds like Solana.

While speaking at the Bitcoin Conference, Robert Mitchnick, Head of Digital Assets at BlackRock, stated that the SEC would likely establish boundaries. He went on to say that no altcoin accounts for more than 5% of the whole crypto market cap, with Ethereum being the only exception. Therefore, in his opinion, the market needs fewer crypto ETFs.

Solana Surpasses Binance Coin in Market Cap

Solana (SOL) is now the fourth biggest cryptocurrency by market cap, surpassing Binance Coin (BNB), according to the most recent update. In the most recent run-up, SOL has succeeded in surpassing BNB for the first time in four years.

The price of Solana has been steadily rising for the last two weeks, increasing by nearly 35%. During the same time frame, BNB, The Binance Coin, has seen a 10% increase.

With the Solana TVL increasing by 15% this month, popular crypto analyst Rekt Capital noted that Solana has held above the support and is aiming for its next move to $202.

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