Analysts at GSR predict that Solana ($SOL) could rise to $1,300 if spot ETFs are approved. It is expected that $SOL could increase in value by up to 8.9 times after the approval of the Solana Spot ETF, which significantly exceeds the impact of spot ETFs on Bitcoin.
Comparing different scenarios, GSR indicates a possible increase in the value of Solana: 1.4x in the pessimistic scenario, 3.4x in the base case and up to 8.9x in the most optimistic scenario. It is noted that SOL is actively used in staking and decentralized applications, all of which can contribute to the growth of the asset.
🤔 My opinion:
I am skeptical about forecasts of a tenfold increase in current figures, even with strong market support. Now Solana's capitalization is about 5.5% of Bitcoin's capitalization. Assuming the market grows to triple its current levels, Solana will take up about 9% of the market cap. This would mean an increase of 4.9 times and reaching a level of about $690. In my opinion, this is a very realistic and achievable ceiling, while the $1300 goal may remain a dream for the next 10 years, but obviously impossible for the next 1-2 years.
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