According to several crypto experts, Solana’s price could rise to $200 by the end of this year. This optimism is mainly fueled by the expectation that Solana will launch its own Spot Exchange Traded Fund (ETF) on the US stock exchange in 2025. Moreover, analysts are positive about the role the altcoin project can play in the growth of AI technology.
A rise to $200 would mark an impressive 70% rally from the current price.
Hope for the arrival of a Solana ETF
To achieve a sustained rally above $200, a lot of capital is needed. Analysts suggest that the arrival of a possible Solana Spot ETF could attract a lot of capital, similar to the impact that Bitcoin funds had on the market. As a result of the BTC ETFs, the Bitcoin price reached a new all-time high of $73,700.
Even the anticipation of these funds has created a wave of optimism in the market. If we hear by the end of this year that Solana will welcome its own ETF, a price rally would be inevitable.
AI on the Solana Network
AI is also playing an increasingly important role on the Solana network. Coins such as Render (RNDR), Nosana (NOS) and Synesis One (SNS) are examples of AI tokens on this large altcoin network. These tokens support, among other things, the decentralized leasing of GPU power for AI services, or help train AI platforms by paying users in cryptocurrencies.
The continued hype and growth of AI technology could further increase the popularity of these AI coins, which in turn could lead to increased demand for SOL. This growth could play a crucial role in Solana reaching a new all-time high.
Source: https://newsbit.nl/experts-verwachten-een-solana-koers-van-200-eind-2024/
