According to CryptoNews Analytics:
Solana's price could reach $10,000 if #ETHEFI the rumors are confirmed.$SOL
The good news about Solana's chart is that it is near its lowest point, suggesting that it might not fall much further.
Solana's trading volume in the last 24 hours is high, around $5.4 billion, proving that there is still demand.
However, large investors seem more likely to sell Solana than buy it at this time.
Even with short-term ups and downs, the future looks bright for Solana.
The SEC approved Ethereum ETFs, which have not yet been launched, causing a drop in the market.
Once these ETFs start, we may see increased demand, not only for Ethereum but other cryptocurrencies as well.
Solana, being a major utility token like Ethereum, could soon get its own ETFs.
Its price could reach $200 in the coming weeks and could even reach $500 by the end of 2024 if a SOL ETF is introduced.
If adoption continues to grow, it could even reach $10,000 in the coming years.
What do you think about?
