📈Solana rate can reach $1300 if spot ETFs are launched based on the asset - GSR
Analysts at GSR said Solana could break $1,300 if its asset-based spot ETFs are approved.
Such a development of events is possible in a “bullish” scenario, representatives of the market maker believe.
"Solana could grow by 1.4 times under a bear flow scenario, 3.4 times under a base case scenario, and 8.9 times under a blue sky scenario. Moreover, there is reason to believe that the impact could be higher than these estimates because, unlike Bitcoin, SOL is actively used for staking and decentralized applications,” the company said in its analysis.
