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Elmnts officially went live on the Solana blockchain, offering tokenized investment funds tied to mineral rights royalties.
The new platform offers a new investment avenue for retail and institutional traders to participate in high-yield assets with double-digit potential returns and low entry of $1,000 in investments.Elmnts Makes Investing in Oil and gas Royalties Easy with Tokenization.
Elmnts said that, as a tokenized investment platform, it launched on Solana to facilitate access to funds underpinned by mineral rights royalties.
Royalties represent the passive income streams emanating from resources such as oil or gas extracted from properties owned by the underlying funds. Independently valued, mineral and royalty interests stand at approximately $700 billion.Its launch underlined a growing role of Solana in the tokenized investment area, allowing investors to tap into a new direction that, up until this point, had not been accessible and yielded high returns.
The first beta release of Elmnts will grant access to investment opportunities in oil and gas royalties solely to its registered users, and it will soon expand to other commodities. Founders include Erich Schmidt, COO; Odai Ammar, CEO; Elias Moreno, CTO; James Pacheco, CPO; and developer Leonardo Galante.
Elmnts allows retail and institutional investors to learn about and invest in mineral rights-based tokenized funds. Double-digit yields are promised, and the minimum investment is US$1,000. One fund is offered at the moment, but more will be added soon.
Democratizing Access to High-Yield Investments
Elmnts increase liquidity and access to high-yielding assets previously unreachable by investors.Mineral rights royalties guarantee long-term stable income from oil and gas, yet the general investment world is virtually unaware and untapped by them.
The platform, based on Solana, will be globally accessible; however, the accessibility of certain funds can also depend on the investor’s location. Indeed, the fast-growing trend of tokenized investment funds has seen the rapid expansion of various real-world assets getting tokenized for easier investor participation.
However, the last few days were not as good for( SOL) as one would think. The token price declined by 1.56% immediately after the Pump Fun Fee Account sold 40,000 SOL worth $6.68 million. The sale increased the market’s fears about Solana’s further price movement.
Tokenized Finance Takes Off: BlackRock Leads the Way.
BlackRock launched the fully digitally native investment product, the USD Institutional Digital Liquidity Fund, based on tokenized US Treasury Bills. In no time, it grew to become the biggest tokenized investment fund, with more than $550 million managed across, says Etherscan.This move underlines a growing, trend in tokenized finance as other significant firms enter the space. Last September, Guggenheim Treasury Securities teamed up with Zeconomy to launch a digital commercial paper fund. Midas also launched two tokenized investment products, mTBill and mBasis, which post more diversification in digital asset investment.
The tokenization of such real-world assets like RWAs, which: range from mineral royalties, is one path in nascent growth for the manners through which tokenization can ensure better liquidity, reduce costs, and open up hitherto illiquid investments.
Tokenization on the( blockchain) provides fractional ownership and, thus, continuous trading. Crypto enthusiasts hailed this as an essential step in changing financial markets forever, and Elmnts here is one of the ways to do that.
The SOL price stood at $156.17, up 1,76%. Some analysts think it could enjoy a 26x increase from its current,, price and rise to as high as $4,500. This is based on an analysis of a cup and handle pattern that just formed on the coin’s chart.
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Will Solana (SOL) drop below the short-term rising channel for a plunge to $140 amid increasing volatility?
On the one-hour chart, Solana’s recent price recovery shows a quick bounce back from the $134 level. Solana formed a low after hitting $133 last week, driven by escalating global political tensions.
The price quickly rebounded, revealing a rising channel pattern characterized by increasing momentum.Solana’s Recovery At Risk
The recovery rally surpassed the local resistance trendline, peaking with an 11.40% surge near $150.39. However, a swift rejection from the overhead trendline caused Solana to fall below the $147 mark, indicating a negative cycle within the channel.
During this ongoing negative cycle, Solana’s market cap has dropped by 2.29% and is approaching the support trendline.According to the Fibonacci levels throughout the correction phase, the negative cycle has struggled to maintain dominance above the 50% Fibonacci level at $147.43. Currently, with a bearish engulfing candle reflecting a 0.98% drop, Solana’s price is trading at $146.95.
Additionally, the correction phase is approaching the 200-day EMA. The rising 50-day EMA hints at a potential golden crossover, suggesting a possible bounce near this dynamic support.However, the correction cycle within the channel has resulted in a negative crossover on the MACD indicator. This puts a risk over the support trendline and the dynamic average lines.
Will SOL Uptrend Cross $150?
A breakdown below the rising channel could jeopardize the 23.60% Fibonacci level at $140.75, with the next support level for Solana at $134.77. On a more optimistic note, the ongoing correction may be viewed as a retest phase of the broken local resistance trendline. Therefore, a bullish bounce could challenge the overhead resistance trendline for a breakout.
In case of a breakout rally, the Fibonacci levels suggest a target of $154.60 at the 78.60% and 100% Fibonacci levels.
Should the Solana price, action reach the neckline at $160, it would complete a rounding bottom reversal. In the event of an extended bullish trend, the next resistance levels for Solana are projected at $166.98 and $175.74, corresponding to the 1.272 and 1.618 Fibonacci levels.
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