Solana | SOL Future
Will there be a Solana ETF?
Will There Be A Solana ETF? How Much Will Solana Be Worth In 2025? Does SOL Have A Future? There are ongoing reports on BlackRock filing for Solana ETF and Grayscale Solana ETF but the exact date of its filing and approval is not yet confirmed. However, the Brazilian Security Exchange approved the very first Solana ETF in 2024.
How much will Solana be worth in 2025? Does Solana have a future?
After the successful approval of Bitcoin and Ethereum spot Exchange Traded Funds in 2024, there is a lot of speculation for more crypto assets to get their ETFs approved in the future. The potential cryptocurrencies that can be approved in the future include XRP, Solana(Sol), Cardano, Litecoin, and Avalanche. Among these coins, Solana has the best chance of getting approved for its Spot ETFs in early 2025. As per Market Capital Solana Ranks fifth among major cryptocurrencies, but due to the capital inflow in last year’s bull run, Solana was ranked third after Bitcoin and Ethereum. The growing demand for Solana shows investors’ interest.
As far as Solana’s layer-1 Blockchain platform is concerned, it has highly functional open-source blockchain technology that provides Decentralized Finance solutions (DeFi). Solana was first launched in the crypto market in March 2020 by the Solana Foundation of Switzerland.
Market Magnitude of Solana:
Total Supply of Solana = Solana 588.08M
Total circulating supply = Solana 471.65M
Market Capital = $99.81B
24 Hour Volume= $ 6.14M
Multiple factors will affect Solana’s ETF approval.
Market Demand
In the Bitcoin bull run, investors show a very strong and consistent interest in Solana. That’s why Solana always remains in the Top 3 Crypto coins on the Binance exchange and Coinbase spot and futures trading platform. For ETFs, a strong investor’s interest is necessary, as Wall Street will never launch a product which did not have much demand.
As per crypto investment firm GSR (which provides liquidity and personalized services to crypto projects), Solana is behind only Bitcoin and Ethereum in terms of market demand. As per the recent report from CoinShares, which tracks inflows and outflows from major cryptocurrencies, Solana leads over major rivals like XRP, Matic, Cardano, and Litecoin in terms of best capital inflow over the year.
Regulatory Framework
The most important thing for regulators to give Soalan ETFs approval is to assess whether Solana is a reliable security or not, if regulators have doubts then they will never approve ETFs. This was the main factor hanging on Solana over a recent period. But the good news is that the American regulator Security Exchange Commission has backed down from its earlier stance of Acknowledging Solana as a non-security instrument. Recently Brazilian security Exchange approved the very first Solana ETF in August 2024.
Analysts are keeping an eye on the the performance of Brazilian ETF, if this ETF attracts good interest from investors then it will make it more inevitable for US ETF approval. A new application for a second ETF is also filed in Brazil. VanEck an investment firm that is one of only two applicants for filing US ETFs application said that now Solana ETF approval is inevitable. 21Shares an investment company, also filed a Soalan ETF approval application following the footsteps of VanEck.
Positive Market Sentiments
Positive Market sentiments in the crypto community are the most important factors. Crypto community investment is based on the potential returns and risks of investment. The positive feelings, moods, emotions, etc. among individual and institutional investors are necessary for crypto market capital growth.
Boom/Recession in the Global Economy
Economic strength determines the ability to invest in the crypto market. The recession period is as deadly for crypto as for any other investment sector. Recently world economy was affected by the worst pandemic COVID-19. Inflation is affecting European and Asian economies at this time. However, after the recovery from this challenge, all stock shares and crypto market capitalization will soar.
Political Stability
World conflicts and geopolitical tensions like the Middle East war, and the Russia-Ukrain war are bad signs for the crypto market growth.
Price Forcast of Solana
The analyst predicts the future price of Solana in the long-term between $ 500 to $900 considering the potential ETFs approval of Salona Blockchain. A good pump in Solana Price is also favorable for other Solana ecosystem-based crypto projects like WIF(Dogwifihat), Jupiter, Bonk, Pyth network, Popcat, etc. Most of the crypto industry experts anticipate Solana’s price will be between $200-300 in the mid-term.
In the recent bull market, Solana even outpaced Ethereum in trading volume in the decentralized Finance sector (Defi). Some analysts like the CEO of Bitget crypto exchange anticipate a low performance of Solana in the next 2 years. Solana proved to be the best cryptocurrency after Bitcoin and Ethereum as it unfolded a five-wave bullish cycle in the crypto bull run. Following are the critical support and resistance levels for Solana in the mid-run.
Resistance levels = $203.281, 234.900, 275.910
Support levels = $60, 89.640, 130.650, 158.5
Also Read: Top 10 Crypto Coins? Which is the Best Crypto Coin to Buy Now?
Is Solana Best for Long-Term Investment?
Among its major competitors like XRP, Cardano, Avalanche, Matic, Litecoin, etc., Solana is the best option for Investors for long-term investment. The inflow of more capital depends upon the performance of the Solana Blockchain ecosystem, its investment horizon, and Investors’ belief in its platform technology. Capitalization of crypto assets depends on the potential return and risks of the investment. On the brighter side, Solana is not affected by any legal suits like XRP. Legal complications are a big problem for any crypto project.
Solana’s NFT activities-provider platform is one of the best among major Blockchains. Solana’s low cost and transaction fees also give a good boost to potential growth. Solana Blockchain claims that its transaction fee is just $0.00064, and its block confirmation time is just 400 milliseconds. Considering low fees and fast transaction confirmation rates, Solana has become more attractive for the Web 3 era. The future of web 3 era technology is blockchain-based internet using decentralized technology. Solana has the potential for 5x to 20x capital growth in the future.
Note!
This is not a buy or sell call, do your due diligence before making any investment decision. We publish only for education purposes.
