Solana is trading higher amid fresh upside momentum for the bulls. The SOL token is less than 10% off its all-time high and has jumped more than 8% in the past 24 hours.
As SOL price rises, there’s been a notable surge in interest in Vantard (VTARD).
The token of a meme coin index fund with the top meme coins in the Solana ecosystem has raised nearly $840k in its seed sale as it attracts huge investor allocations.
Solana eyes new all-time high
In the past 24 hours, Solana’s price has touched highs of $239.54. Meanwhile, its daily trading volume has climbed more than 35% to above $10 billion.
Per data from CoinGecko, the rally has SOL just 8.7% from its all-time high of $259.96 reached on November 6, 2021.
Bears have previously curtailed SOL bulls’ movement above the $200 level – notably in March as price topped at $209.
However, a clean break above this resistance level in the past few weeks gives buyers the advantage to continue higher.
This is likely given the surge in SOL price amid a spike in trading volume. Also notable is the flip in open interest. Data from Coinglass shows Solana’s OI count has increased 20.7% to over 5.69 billion, the highest rate so far.
With the market largely bullish, analysts predict an explosion for SOL and the meme coins ecosystem.
This enthusiasm has reflected on decentralized predictions market Polymarket, where bets for Solana hitting a new ATH ahead of Ethereum is now at 87%.
Crypto traders target meme surge with Vantard
The Vantard meme coin index fund offers a crypto meme portfolio tracking the top performing meme coins in the market.
Recently launched, the project has attracted over $1.3 million in its presale – with $500k raised within hours of its pre-seed sale. The seed sale, offering the VTARD token at discount prices of $0.00014 (next stage will see price increase to $0.00015) is quickly selling out. Per the Vantard presale page, the total raised in this round is nearly $840k as of writing.
Vantard wants to make it easy for the regular crypto investor eyeing the meme coin supercycle to tap into the gems in the market.
While top tokens such as Popcat and Michi are included, there are a few outperforming gems like hehe (HEHE) and Giga Chad (GIGA).
Why buy Vantard’s token?
Vantard’s VTARD token is the ticket to the meme index fund’s portfolio. VTARD allows holders to invest in a basket of top meme coins, capitalizing on the potential of a mega cycle.
The fund removes the hassle of having to scour the market for gems or handling multiple tokens.
A holder of VTARD will have access to profits from the Vantard Meme Portfolio’s performance. To ensure the index offers the top coins, there’s periodic rebalancing.
What’s more, anyone can easily compare the index’s investments via the allocation dashboard. POPCAT, MOODENG and GOAT are Vantard portfolio tokens currently on a massive bull run.
The other notable thing about VTARD is that the token will be tradable in the market. It means one can exchange it for the meme index’s underlying holdings.
With Solana rallying and the meme market warming up for a supercycle, the Vantard seed sale presents what could be a great trade for SOL meme enthusiasts.
Learn more about Vantard here.
The post Solana targets new ATH, boosts interest in Vantard meme index appeared first on Invezz
https://invezz.com/news/2024/11/17/solana-targets-new-ath-boosts-interest-in-vantard-meme-index/
