Solana's price is targeting a $200 rally amid Superstate's move to launch an opening bell platform for stock issuance on the network.

Solana touched $160 that day, well above the psychological level of $100,000, following a rally in Bitcoin prices.

Now, crypto analyst Crypto Zainab predicts that the altcoin could maintain its momentum and rise to $200.

The bullish scenario for SOL comes amid Superstate's plans to launch an opening bell platform for stock issuance on the Solana network.

Solana Price Eyes Rally to $200

In an X post, Crypto Zeinab stated that the SOL is forming an inverse head-and-shoulders pattern on the higher time frame.

The analyst further noted that SOL will face a breakout point at the $160 price level, which could lead to a rally to $180 and $200 next.

After Donald Trump's announcement of the US-UK trade deal, Bitcoin price reached the $100,000 level, SOL price rose to the $160 level today.

Meanwhile, Zainab's bullish prediction comes amid the superstate's announcement of an opening bell platform on the Solana network.

The platform will enable companies to issue publicly registered equity directly on blockchain networks such as Solana.

According to Superstate, the platform is built on the same infrastructure that powers its tokenized funds, the USTB and the USCC.

The Opening Bell platform aims to enable 24/7 stock trading while ensuring access for investors.

Its SEC-registered, blockchain-powered transfer agent will record and tokenize the company's shares, the firm explained.

These shares will be shares of the original company and not wrapped tokens. This move will boost the adoption of SOL and potentially increase the price of Solana drastically.

Interestingly, this development comes just as crypto exchange Robin Hood Solana Network considers plans to offer tokenized US stocks to its EU customers.

Meanwhile, the US SEC is also mulling a proposal to allow companies to engage in tokenization by issuing and trading securities using blockchain technology.

SOL Strategies to Become First Issuer on Opening Bell Platform

$SOL Strategies announced that it is working to become the first public company to list shares on Solana through the Opening Bell Platform.

The firm has already signed a non-binding memorandum of understanding (MOU) with the superstate to achieve this goal.

As part of the MoU, $SOL Strategies and Superstate will seek to act as junior transfer agents for the latter.

SOL Strategies said they believe tokenized equity can strengthen the SOL ecosystem as more on-chain assets lead to more activity and a healthier network. This may also increase the price of Solana.

It's worth mentioning that the firm is actively investing in the Solana ecosystem. SOL Strategy recently acquired 122,524 SOL for $18.2 million. The company has a total of 391,782 SOL.

#MarketSentimentToday #Market_Update #solana #news #UpdateAlert