ETH and SOL prices jumped above $3,300 and $150 on Monday as cryptocurrencies rose.
The upside follows an attempted assassination of Donald Trump.
As cryptocurrencies surge, Solciety could be the new political meme coin to watch.
Ethereum and Solana prices rose more than 5% respectively as the cryptocurrency market witnessed a surge in bullish sentiment.
As Bitcoin gained to hit a two-week high above $63,000, ETH and SOL jumped to $3,360 and $153 on the day. Meanwhile, the presale of new Solana meme coin Solciety raced to over $900k in stage 5 amid latest events in the political space.
ETH, SOL surge
Cryptocurrencies jumped over the weekend as Bitcoin led a market wide reaction to the attempted assassination of Donald Trump.
As Bitcoin broke above $63k with its best daily return since mid-May, top altcoins Ethereum (ETH) and Solana (SOL) rose to key levels.
ETH, which had dropped below $3k amid last week’s Bitcoin sell-off, reached prices above $3,300. Meanwhile, SOL reclaimed the $150 level after experiencing a significant slump since hitting its year-to-date highs.
Last week, Solana price reached lows of $121, a downward trend that threatened to extend to the psychological support at $100. While prices movement may continue to mirror Bitcoin’s, there are other catalysts to watch for ETH and SOL.
It includes the imminent trading debut of spot Ethereum ETFs and projections for spot SOL ETFs approval early next year. The biggest odds for a swift approval lie with the potential for Donald Trump winning the US presidential election in November.
After the assassination attempt, these odds have climbed considerably, with bullish predictions for crypto also focused on political meme coins. The latest wave of interest is in Solciety.
Solciety and the growth of PolitiFi
Solciety (SLCTY) is a Solana meme coin in presale that seeks to dominate the PolitiFi space with a unique approach to political satire.
In the past six months, a lot of attention has been on meme coins inspired by Donald Trump, Joe Biden or other political and social personalities. That’s the outlook that followed the assassination attempt on Trump on Saturday, with MAGA, Super Trump and Doland Tremp spiking sharply.
This market reaction also cascaded to Solciety, a PolitiFi meme coin that’s launching as the political party for degens. While politically neutral, this meme coin still packs a major punch with its Meme Campaigner tool.
Solciety and this feature are the perfect combination for meme enthusiasts, whether a Trump die hard, Biden supporter or simply a degen with an eye for opportunity.
Meme coin opportunity with Solciety
Crypto is here to stay, but crappy politics won’t cut it. Fortunately, Solciety has the tool to bring political memes to life, with SLCTY powering the community behind this new political force.
Anyone can tap into the meme maker to create and share viral politics-related memes. The top memes that go viral online will see the creators earn presale tokens. Talking of tokens, the SLCTY presale offers 3 billion tokens for early birds.
However, the ICO is selling out first and SLCTY price is also rising – from an initial $0.0015 to $0.002289 in stage 5.
But SLCTY isn’t going to be this heavily discounted for long. The rapidly-growing PolitiFi market suggests the presale might provide the best opportunity.
Interested in knowing more? Visit the official website.
The post ETH, SOL rise as crypto investors eye Solciety (SLCTY) appeared first on CoinJournal.