On the 27th, asset management giant VanEck submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Solana ETF. This move has attracted considerable attention in the markets, especially in light of the anticipated impact of Bitcoin spot ETFs.
The potential introduction of a Solana spot ETF is expected to have a significant effect on the price of $SOL . Analysts believe that this could lead to substantial price increases.
GSR Markets has projected that the price of $SOL could rise to $1,290. Given Solana's robust activity in staking and decentralized applications, the potential for an even higher upside exists.
Considering these factors, there is growing speculation about whether SOL could exceed $1,000 in this market cycle. What are your thoughts on SOL reaching this milestone?
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