Five Major Highlights of the Solana Ecosystem Predictions: Will Musk Personally Issue Tokens? The Market Value of Stablecoins May Surge Fourfold, and SOL Spot ETF is About to be Approved!
Prediction 1: Musk's X platform may launch a Solana native token!
When Musk acquired Twitter in 2022, the entire cryptocurrency community began to speculate whether this die-hard Dogecoin fan would bring cryptocurrency into the social platform.
However, until now, Musk seems to have taken no concrete action. However, with Trump about to take office, it is expected that the U.S. will relax cryptocurrency regulations, and things are starting to take a turn.
According to Lightspeed's prediction, the X platform is about to launch a native token, and Solana is likely to become the underlying blockchain for this token!
Prediction 2: The market value of Solana stablecoins is expected to see astonishing growth, possibly surging fourfold by the end of 2025!
Lightspeed states that despite a significant increase in Solana's trading volume and demand in 2024, its stablecoin market is still in a catch-up phase.
Currently, Solana's stablecoin market value is about $5 billion, ranking fifth, behind Ethereum, Tron, BSC, and Arbitrum.
However, the importance of stablecoins in applications such as payments and decentralized infrastructure networks (DePIN) is self-evident.
Prediction 3: Solana spot ETF will be approved, but demand may lag far behind Ethereum!
Lightspeed predicts that while Solana's spot ETF is expected to be approved this year, its performance may not be as enthusiastic as Ethereum's.
Unlike the 'conservative investors' of Bitcoin and Ethereum, Solana attracts more 'avid players' (degen), who tend to purchase SOL through on-chain wallets or cryptocurrency exchanges rather than through traditional investment channels such as retirement accounts.
Bloomberg analyst Jame Seyffart also pointed out that before Solana's spot ETF is approved, tokens like LTC, XRP, and HBAR may have already obtained approval from the U.S. Securities and Exchange Commission (SEC).