According to Cointelegraph, Solana is expected to experience significant growth in 2025, mainly due to increased retail investor interest and expectations for the U.S. Solana ETF.
Despite Solana’s recent drop below $200, analyst Nicolai Søndergaard said that retail investors’ profit expectations will drive its financial returns.
Many analysts expect Solana prices to exceed $400 due to historical chart patterns and expectations of the first US spot Solana ETF.
At least five companies are vying for a Solana ETF, including VanEck, Grayscale, 21Shares, Bitwise, and Canary Capital.
Brazil approved the first Solana ETF on August 7, setting a precedent for other regions.
