Despite Solana (SOL) currently not receiving much attention, financial analysts forecast that its price ($189.3) could surpass Bitcoin ($93,083) and Ethereum ($3,261) by the year 2025. This prediction is based on anticipation for the approval of a Solana spot ETF and growing interest from individual investors, which are expected to fuel this upward trend.
Over the past two days, the broader market experienced a correction, and Solana’s price has been significantly impacted once more, dropping below the psychologically significant $200 level to currently trade at approximately $190.18. With a market capitalization of around $92 billion, this places Solana’s position in the overall crypto market.
Although there are current adjustments, experts predict substantial growth for Solana in the year 2025, as suggested by Nansen research analyst Nicolai Søndergaard. This optimism is primarily based on retail investors’ anticipation of profits. During the Emergence Prague 2024 conference, Søndergaard expressed this belief.
The allure of Solana lies in its potential returns, as it appears more affordable compared to other options. When considering one unit, you might simply think it’s less expensive to purchase.
At present, Solana’s market capitalization is significantly lower than $100 billion, making it about a quarter the size of Ethereum (ETH) and roughly 20 times smaller than Bitcoin (BTC). Despite being ranked as the sixth-largest cryptocurrency currently, there’s a considerable potential for Solana’s price to increase significantly in the future.
Solana ETFs to Drive SOL Price Above $400
With the tenure of President Donald Trump and SEC’s leadership under Paul Atkins, who is favorable towards crypto, there’s optimism among market analysts about the potential approval of the Solana ETF. If this happens, the price of Solana could embark on a fresh path, with analysts predicting prices reaching $400 and beyond.
By the close of January, there’s a possibility that the crypto sector could see the initial approval of Solana Exchange-Traded Funds (ETFs). This development is expected to occur just a few days after President-elect Donald Trump’s inauguration on the 20th of January. In the running to launch a Solana ETF are at least five major contenders, including established asset managers such as VanEck, Grayscale, 21Shares, Bitwise, and Canary Capital.
1) The deadline for Grayscale’s Solana ETF submission is set for January 23. Conversely, four additional applications are expected to receive an initial response by January 25, marking a 45-day interval since the first application was submitted in November 2024.
It seems very probable that an Exchange Traded Fund (ETF) based on Solana will be approved by 2025. However, the exact timeframe remains uncertain for cryptocurrency investors, as stated by Nansen’s Søndergaard.
Is it likely that we’ll need numerous attempts before it becomes a reality, much like Bitcoin (BTC) and Ethereum (ETH) did? I believe this process will culminate successfully by the year 2025.
An Exchange Traded Fund (ETF) based on Solana, available in the U.S., might offer a simpler method for conventional investors who don’t have accounts with centralized exchanges to invest in SOL, as the analyst pointed out.
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2025-01-09 18:24