Solana has now moved up in value in response to the Bitcoin price finally moving past its long-held resistance of $110K. However, another reason behind Solana’s uptick is the announcement of Hong Kong’s first Solana ETF.
Launching on October 27th, the ChimaAMC Solana ETF will make its way to the Hong Kong Stock Exchange. This will mark Asia’s first Solana ETF and indicates that the cryptocurrency market is now gaining massive acceptance.
Is Solana the best crypto to buy now with this news, or should investors still focus on diversifying?
Asia’s First Solana ETF: Sign that the East is Getting More Receptive
The recent approval of the Solana ETF by the Hong Kong leadership, soon after the approval of Ethereum and Bitcoin ETFs, shows that Asia is now ready to diversify its cryptocurrency interests. With the announcement of the ETF comes the consolidation of institutional-grade infrastructure for crypto-based exchange-traded funds, and with the approval comes the realization that those who were once crypto skeptics may soon change their tune.
What makes this approval even more noteworthy is the fact that the US SEC, in contrast, continues to stall Solana ETF applications. For instance, VanEck and 21Shares are still waiting for approval.
And it is not only Hong Kong taking advantage of this regulatory friction. Brazil and Canada are also outpacing the US, with Canada launching four Solana ETFs in April and Brazil making its first Solana ETF debut in 2024.
With the massive institutional support coming in, it is clear that Solana could be featured on many “best crypto to buy now” lists.
Solana Price Action: Price Surging, Wallet Addresses Hitting New Highs
The Solana price has recently moved past the $190 mark thanks to an over 5% increase in the last 24 hours. Its trading volume has gone down, indicating users’ tendency to hold, and the token’s market cap is just above $104 billion.
The hourly chart shows that there has been a string of green candles since the SOL price bounce on October 22, with $193, $197, and $200 acting as crucial resistance levels for the token. As long as the Solana price is able to stay above the $189 mark, it is possible for the token to establish an uptrend. A drop from this point, however, could cause the “people’s crypto” to find support around $178.
Most analysts have a positive view of the current price action. Recently, analyst Ozzy revealed that the current setup is the best one since February 14th of this year.
According to Glassnode, Solana’s wallet addresses have reached a monthly high.
Does that mean Solana is the best crypto to buy now? The answer is not that simple. While there is a reason for long-term investors to dive in, short-term profit seekers should consider alternative investments since Solana’s price action has not been parabolic.
Best Crypto to Buy Now as Solana Grows More Relevant
Hong Kong’s approval of the Solana ETF at a time when the US itself is stalling on the matter means the world is now ready for diversified crypto investments. In this circumstance, the following options could be considered top crypto picks for most investors.
Snorter
Although the approval of the Solana ETF has played a major role in driving Solana’s recent price growth, it is Solana’s meme coin ecosystem that has long been the real engine behind its development. Among the most promising of these is Snorter, a Solana-based meme coin that combines humor with high-functioning utility through its automated trading bot system.
Snorter allows users to execute fast swaps, set limit orders, and mirror successful trading strategies via Telegram while offering one of the lowest transaction fees in the market at just 0.85%. It also features honeypot and rug-pull protection, MEV and front-running safeguards, and social trading tools that help investors stay ahead of the curve.
The presale for Snorter has officially concluded, drawing more than 16,000 investors. However, due to overwhelming demand, and more than half a million dollars raised in the final week alone, the developers decided to extend the presale until October 27th, giving new participants a final opportunity to buy tokens at the listing price.
Snorter’s appeal extends beyond functionality. Its clever mascot, an aardvark with a monocle and confident grin, captures the project’s personality perfectly: intelligent, bold, and a little irreverent. It stands out as a new meme icon capable of joining the ranks of classic figures like Doge and Pepe while offering tangible value through its tech-driven ecosystem.
To date, Snorter has raised over $5.4 million, cementing its status as one of the most talked-about projects in the Solana space. Analysts have called it potentially the most anticipated crypto of the year, praising its ability to merge meme culture with real trading innovation.
Best Wallet Token
Best Wallet Token is part of an already thriving ecosystem that has raised over $16.6 million during its presale, highlighting the strong confidence it has earned among investors. It serves as the native token of Best Wallet, a multi-functional crypto platform that has been recognized by the New York Post as one of the top Solana wallet available today.
Recent developments in the market have made its position even stronger. With Hong Kong’s approval of a Solana ETF, investor focus on Solana-related projects has intensified. Best Wallet has been quick to capitalize on this momentum by introducing Solana swaps and adding full support for the Solana blockchain, further expanding its multi-chain capabilities and attracting a broader investor base.
A key feature within the ecosystem is the Token Launchpad, which allows users to access early-stage crypto projects before they reach major exchanges. This opens up opportunities for investors to discover low-cap gems and participate in presales safely within the app. Alongside this, Best Wallet also provides staking options for passive income, in-wallet trading, and decentralized asset management, all designed to make crypto engagement easier and more rewarding.
The Best Wallet Token enhances this ecosystem by powering core functions such as reduced transaction fees, exclusive access to new listings, higher staking rewards, and community governance. It effectively connects users to every part of the platform, ensuring smooth utility and long-term engagement.
With its new Solana integration and established reputation, Best Wallet Token presents a diversified investment opportunity for Solana investors seeking exposure to a growing, feature-rich crypto ecosystem.
Maxi Doge
Unlike the other two additions on today’s “best crypto to buy now” list, Maxi Doge stands apart by focusing purely on meme power rather than utility. It embraces the essence of what made early meme coins so popular: humor, community energy, and an unapologetically bold attitude.
Maxi Doge draws direct inspiration from the original Dogecoin but reimagines it for a new generation of traders. Its brand revolves around a muscular, self-assured version of Doge, a symbol of strength, ambition, and relentless optimism. The project’s imagery perfectly captures this personality, featuring a “buff Doge” who embodies hustle culture and the desire for long green candles, a playful nod to market ambition.
Infused with Gen Z humor and self-awareness, Maxi Doge turns meme investing into an art form. It doesn’t try to be practical; it thrives on chaos and excitement. This approach has already resonated with the market, helping the project raise over 3.7 million dollars so far.
At the heart of its vision is the plan to introduce 1000x leverage trading on the MAXI token, offering traders the potential for explosive returns. This feature reflects Maxi Doge’s high-risk, high-reward philosophy, appealing directly to degen investors who thrive on volatility and audacity.
Analysts suggest that if Maxi Doge continues to lean into its raw meme energy while staying authentic to its identity, it could become the best Dogecoin alternative in the current market.
Conclusion
With the Solana ETF being approved in Hong Kong before it is approved in the US, it is clear that the tone of the market is shifting. Therefore, investors looking for the best crypto to buy now should consider diving into Solana and other tokens with similar themes.
The options mentioned in today’s ICO list are unique. All have their strengths, and all carry within themselves long-term upside potential.
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