SPX6900 has been on the roll since the commencement of the Bitcoin-led bull run, recording an upward trend in its price.

After hitting a high of $0.81 earlier this week, SPX6900 continued the impressive run on Wednesday and Thursday, rallying by nearly 8% and 14% respectively

The price of SPX6900 has been incrementally increasing since the beginning of the Bitcoin-led bull market, and it seems like the token could be setting itself up for more gains.

After reaching a high of $0.81 earlier this week, SPX6900 saw an 8% and 14% rally on Wednesday and Thursday, increasing its price to $0.9.

With technical indicators suggesting that the upward trend might continue, some prominent analysts are already discussing the possibility of the token hitting $1 by the weekend.

What is SPX6900?

Developed on the Solana blockchain, SPX6900 is a meme coin project that has a satirical style associated with the S&P500—a financial index that serves as a general benchmark for the overall performance of the U.S. stock market and the country’s economy at large.

The meme coin, which started in late 2024 with no intention of providing any real-world utility, took the crypto space by storm with its comedic style, surreal YouTube videos, and a stream of in-jokes to keep community members engaged.

SPX6900 went viral after recording a parabolic surge of over 300,000% within a few days of its debut, pushing its market cap past the $1 billion dollar threshold—though it didn’t sustain this momentum for long, the community remains interested in it.

One of the most popular supporters of the token, Murad Mahmudov, described it as a “slow cook” that could probably deliver both short and long-term returns to investors.

The community, known as “Aeons,” has created their line of NFTs known as Project Aeon. The collection features 3,333 profile picture (PFP) avatar NFTs.

SPX6900 Price Analysis

SPX6900 has undoubtedly been one of the strongest-performing meme coins over the past few weeks, rallying by nearly 100% since its local bottom in late April.

The Solana token currently trades around the $0.9 level, and its market cap is just a few million short of $900 million. SPX’s upward price swing, backed by a significant rise in its 24-hour trading volume, suggests that it is riding the wave of renewed investor confidence in the market.

On the technical front, SPX6900 is still holding on to key S/R support levels, signaling a short-term bullish momentum. As long as the price stays above its immediate support zone at $0.6, the SPX market remains in a strong position to push high.

The Relative Strength Index (RSI)—which is currently in the 56 region—further supports this outlook, indicating that bulls are still in action. Should the broader market continue to improve and SPX6900 experience more buying frenzy, it could be gearing up to revisit its ATH of $1.77—achieved barely a day to the inauguration of Donald Trump as the 47th president of the United States of America.

SPX6900 Price Prediction

Short-Term

The escalating momentum of Bitcoin hitting the monumental $150k peak before the end of Q2 2025 will have a significant impact on the short-term price performance of all meme coins, including SPX6900.

Here’s the thing: if Bitcoin continues its forward march, SPX will likely ride the wave to sustain its upward trajectory, potentially setting new highs.

More so, since SPX is a project that revels in just being a meme coin, utility is not really important here, but a strong community is. As already mentioned, the meme coin has a vibrant community base, which is one reason it has continued to generate buzz on social media. If the community keeps backing the project, it could drive its value in the short term.

Based on these factors, our conservative estimate is that SPX6900 will trade around the $1.5 to $2 level before the end of Q2 2025.

Long-Term

As of now, SPX6900 does not have any utility, nor does it have any plans to develop one in the future. As such, much of its appeal lies in its novelty and social media activeness—two factors that will likely determine its price action in the long term.

More exchange listings could also play a significant role in the long-term potential of this project. A combination of these factors could push the SPX6900 price to the $3 or $4 level before the end of the year.

Is SPX6900 the Best Under $1 Crypto to Buy Now?

SPX6900’s head-scratching strength, especially during Bitcoin-led bull market phases,