💥💥Recently, institutional interest in Solana (SOL) has been increasing💥💥 and this has a positive effect on prices. Analysts state that Solana's current rally is still in its early stages and a bigger rise is on the way.
Solana (SOL) Could Rise to $700!
Philippe Bekhazi, CEO of cryptocurrency trading firm XBTO, told DL News that Solana could rise to $700 due to ETF expectations and the price increase driven by Trump. Bekhazi predicted that investors would continue to show interest in Solana out of fear of missing out, and this could push the price up to $700.
“The bull period in Solana is just beginning. Behind the bull rally are positive macroeconomic trends, increasing user numbers, and the US spot Solana ETF planned to be launched by firms such as Bitwise and VanEck. These factors could lead to SOL even outpacing Ethereum in a real bull rally,” he said.
In line with this prediction, Standard Chartered analysts also predict that Solana could approach $700 by the end of 2025. In addition, the bank’s head of global digital assets research, Geoffrey Kendrick, said that the spot Solana ETF is more likely to be approved under the Trump administration.
Solana, which rose to $262 during the day, is still trading at $255 at the time of writing.
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