Solana (SOL) has been an impressive performer in recent weeks. About a month ago, the SOL price was at a low of $122, but since then it has risen by more than 40 percent to its current price of $178 per token.
The surge is partly due to the official launch of Ethereum Spot Exchange Traded Funds (ETFs). With Ethereum, the second-largest cryptocurrency by market cap, now having its own fund, it seems only a matter of time before other projects, including Solana, can expect to see their own ETFs.
Will there be a Solana ETF?
Recently, asset manager Franklin Templeton spoke positively about Solana, shortly after the launch of their own Franklin Ethereum ETF (EZET). These statements have fueled speculation about the possible launch of a Solana ETF. Franklin Templeton emphasizes the significant adoption and “technological maturity” of Solana.
In recent years, the network has made impressive progress, resulting in high throughput and an increase in the number of users, especially in the decentralized finance (DeFi) protocols sector.
Asset manager VanEck is also optimistic about Solana. VanEck points to the advantages of the Solana network compared to its competitors and has therefore filed an official application with the US Securities and Exchange Commission (SEC) for the listing of a Solana ETF.
Optimistic outlook for Solana: Analysts foresee further growth
Several analysts are optimistic about Solana’s future. According to crypto analyst Cryptobusy, a large bullish pennant on Solana’s price chart points to a possible further price increase. “Pay close attention to this price action,” the analyst advises. InvestAnswers adds that Solana “continues to show impressive strength” compared to other cryptocurrencies.
It is crucial for Solana to stay above the $163 level. If it succeeds, the price could quickly rise to $192. However, if it fails, the price could fall back to $140, analysts warn.
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Source: https://newsbit.nl/geruchten-over-solana-etf-laaien-op-na-positieve-uitspraken-van-franklin-templeton/
