The possibility of the US Securities and Exchange Commission (SEC) approving the Solana ETF is on the agenda. If this development occurs, it is expected that some tokens will experience significant increases in value. Bloomberg analysts stated that the Solana ETF could be approved in 2024. However, an exact date has not yet been announced due to some complex obstacles in the legal process. Ahead of this possible approval, 5 altcoins that could create significant increases in the market are drawing attention.
First Altcoin Expected to Rise After Solana ETF Approval: Jupiter (JUP)$JUP
Jupiter (JUP) stands out as one of the strongest tokens in the Solana ecosystem. After the ETF approval, JUP has the potential to increase in value by 20 times. This token, which has an important place in the DeFi field, can rise rapidly with the approval of the Solana ETF. Crypto analyst Altcoin Scholar states that JUP could exceed $ 10 in this bull market. Jupiter is expected to gain significant momentum in parallel with the growth in the Solana (SOL) ecosystem. This can happen especially thanks to the strong usage in the DeFi field.
Render (RENDER)$RENDER
Render (RENDER) is another important token that has the potential to increase in value after the approval of the Solana ETF. RENDER, which is associated with artificial intelligence (AI)-themed projects, already has a positive perception in the markets. Technical analysis shows that RENDER could rise to $24 if it maintains the weekly support level of $6.9. This makes the token attractive to investors.
Bonk (BONK)$BONK
Bonk (BONK) is one of the most popular meme coins in the Solana ecosystem. However, BONK has shown that it is more than just a meme coin. After the 1 trillion token burn, BONK is expected to see a big jump in price. After this burn, BONK could target the $0.11 level. Bonk continues to be an attractive option for investors as it has found strong support within the SOL community.