The meme coin market is known for making millionaires. This doesn’t imply that the opposite cryptocurrencies available in the market can not create rags-to-riches tales. Solana (SOL) has been one of many top-performing belongings of the yr.
The altcoin surged by practically 600% over the previous 12 months and by 15806.29% since its inception. As an illustration, only a yr in the past, SOL was buying and selling at a low of $22 however went on to succeed in a excessive of $200 in lower than a yr.
At press time, Solana was buying and selling at $132.21 with a 2% rise over the previous 24 hours. Regardless of its stagnancy over the previous couple of months, SOL continues to be thought of a promising asset.
How A lot SOL To Purchase?
Solana’s All-Time Excessive
Solana hit its all-time excessive of $260 in 2021. At present, SOL is 48% under this peak. Information from Changelly reveals that the altcoin will attain this excessive solely in 2026. Particularly, Solana will surge to $263 about two years from now.
Potential Returns On Funding
As well as, buying 3846 SOL tokens might result in life-changing returns. At Solana’s present value stage, this funding would quantity to $509,518. Within the subsequent two years, it should flip into $1,003,400.
Influence Of ETF Approval
This course of might velocity up if the Solana market approves an exchange-traded fund (ETF) in america. The 19b-4 filings had been withdrawn as a result of VanEck and 21Shares’ purposes for Solana ETFs failed the SEC’s preliminary challenges.
Contemplating this, the probability that SOL ETFs could be allowed this yr isn’t too nice. However with the elections in November, issues would possibly flip round quickly.
