BlackRock is reportedly gearing up to apply for a Solana (SOL) ETF. This move comes on the heels of their successful promotion of a Bitcoin ETF, according to crypto analysts.

Analyst Predicts Major Growth for Solana

Crypto analyst Bee suggests that Solana’s price could experience major growth following the official announcement of BlackRock’s SOL ETF application. This prediction is based on Solana’s status as one of the most active tokens in 2024, coupled with its growing community.

New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW

Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!

Sponsored

Show more +Show less – Top 10 Solana Ecosystem Tokens to Watch

In anticipation of a potential surge in Solana-based projects, Bee has compiled a list of 10 ecosystem tokens that investors should consider:

  1. Jito (JTO)

    • Market Cap: $295.9M

    • Notable for its JitoSOL liquid staking pool and MEV product collection

  2. Raydium (RAY)

    • Market Cap: $397.1M

    • Automated market maker providing liquidity for numerous tokens

  3. GenesysGo (SHDW)

    • Market Cap: $88.0M

    • Offers storage and computational capabilities

  4. Pyth Network (PYTH)

    • Market Cap: $1.15B

    • Largest network of primary oracles for real-time market data

  5. Tensor (TNSR)

    • Market Cap: $78.9M

    • Largest NFT platform on Solana, handling 60-70% of daily NFT volume

  6. Frontier (FRONT)

    • Market Cap: $80.8M

    • DeFi aggregator across multiple blockchains

  7. IO Net (IO)

    • Market Cap: $354.3M

    • AI network for scalable cluster access

  8. Solend (SLND)

    • Market Cap: $19.0M

    • Autonomous interest rate machine for lending on Solana

  9. Wormhole (W)

    • Market Cap: $617.7M

    • Leading interoperability platform for multi-chain applications

  10. Hivemapper (HONEY)

    • Market Cap: $104.8M

    • Global mapping network offering drive-to-earn rewards

Bee emphasizes that now may be the last opportunity to acquire Solana ecosystem altcoins at local lows before the potential approval of a BlackRock SOL ETF. The analyst suggests that such approval could drive major capital into the Solana ecosystem, potentially leading to substantial gains for early investors.

Read more: Crypto Trader Earns $2.1 Million in Solana With an Early Buy in Less Than 20 Minutes!

Join Aethir’s exclusive airdrop and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!

Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform ICO stage, offering tokens at a discounted price Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.

The post Top 10 Solana Ecosystem Tokens to Watch in Anticipation of a SOL ETF Approval appeared first on CaptainAltcoin.