With Solana’s price having a breeze recently, we could expect this trend to continue. Furthermore, this expert has come out putting the chances of a SOL ETF at 80% by the end of the year.
Fueled by such predictions and optimism, he’s expecting the Solana price to climb to its new ATH by February. However, he also points to a new $0.08 altcoin for those seeking exponential gains that established coins can not provide. Read on to find out more about Solana’s price trajectory in the coming period and why this altcoin is set to outperform, delivering life-changing gains.
Is SOL ETF On The Horizon?
Solana is a high-performance blockchain platform designed to support decentralized applications (dApps) and crypto projects with fast transaction speeds and low fees. This flexibility has made it regarded as the home to dApps, DeFi, and NFTs. Solana’s price is currently sitting at $248, 22% up on the weekly charts, retaining its form despite the unstable market periods. The Solana price reached its ATH in November 2021 at a record high of $260. During the November 2024 market rally, Solana once again soared and managed to test the $250 level.
This phenomenal price movement can be attributed to several factors, one of them being rumors about the potential approval of SOL ETFs by mid-2025. Notably, asset management firms such as REX Advisers and Osprey Funds have filed applications with the U.S. Securities and Exchange Commission (SEC) to launch SOL ETFs. Market analysts are increasingly optimistic about the approval of SOL ETFs in 2025. Experts have reportedly predicted an 80% chance of the SEC greenlighting spot SOL ETFs within the year.
The approval of SOL ETFs is expected to have a substantial impact on Solana’s price. However, despite all of this, its large market cap and it being a well-established coin will keep the growth more modest. According to some analysts, the Solana price could rise to $300 by the end of the year, paling in comparison to the $0.08 altcoin. Furthermore, the declining interest in SOL-based meme coins could
