In the past two days, Solana announced an important news that its spot ETF application materials have been submitted, and then the price of $SOL rose, with an increase of about 20%.

From the daily level, Solana has formed a solid support base near $126, which is the position where it gained support and rebounded after multiple daily lines fell below, and it is also my 0.382 golden section point. Further down, the 0.236 golden section point is near $108. Both price points are favorable opportunities to build or increase positions in Solana, and are also good opportunities to open more.

Yesterday, after the news was announced, the price of SOL rose straight, showing that the recent bullish energy was strong, and the market responded very positively to the news. So, where will this round of rise last? How many times will the market value increase? We can predict it by comparing the impact of the listing of Bitcoin spot ETF horizontally.

When the Bitcoin spot ETF was first listed, the market value was $27 billion, and now it has doubled to $54 billion, with capital inflows of about $20 billion. The market predicts that the inflow of funds into the Ethereum ETF may be between 10% and 20% of Bitcoin, or about $4 billion. Ethereum's current market value is about $400 billion, while Solana's market value is about $60 billion.

If $4 billion of spot ETF funds flow into Ethereum, it is expected that its price will be raised to the previous high of about $5,000 in the short term, which is quite easy, and may even reach a higher position, such as $5,000 or $6,000. For Solana, which has a smaller market value, the amount of funds flowing in is also expected to be smaller. Some analysts predict that Solana's inflow will not exceed 10% of Bitcoin's inflow, which is about $2 billion.

The inflow of $2 billion is definitely a big positive news for Solana, which has a market value of $60 billion. The market expects that 10% of Bitcoin's inflow will increase Solana's valuation by 8-9 times. If Solana's ETF volume accounts for 2% or 5% of Bitcoin, it will trigger an increase of 1.4 to 3.4 times, respectively. Taking the current price as an example, if Solana doubles, the price will reach $300; ​​if it triples, the price will exceed $600.

In summary, if Solana's ETF is successfully passed and listed, all this may really happen in the future and bring considerable returns.