Solana (SOL) price could soar to $1,000 after ETF approval?

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With Gary's resignation and the new government taking office, the prospects for the approval of the spot SOL ETF have become more optimistic, which could drive Solana's price up sharply. Investors are looking forward to approval in early 2025, indicating that Solana's price could hit a record high.

In the short term, Solana's price target is expected to be $300, and it may rise to $420 in the long term. In the most optimistic scenario, SOL prices are expected to hit the $1,000 mark.

Bloomberg analyst Eric Balchunas predicts that an ETF including XRP and Solana may be approved in 2025. Although the approval process has been delayed due to the SEC's labeling as securities, the new management is expected to accelerate the process and further stimulate market demand.

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