Solana [SOL], probably the most promising platforms, is producing vital buzz within the cryptocurrency group. Brian Kelly from CNBC’s ‘Quick Cash’ lately stirred discussions that Solana may very well be the subsequent cryptocurrency to safe a spot exchange-traded fund [ETF] within the U.S. This prediction was made in the course of the post-market speak present simply earlier than the U.S. Securities and Trade Fee [SEC] was set to determine on a number of proposed spot Ether [ETH] ETFs.
Kelly’s assertion that Solana may be the subsequent main candidate for a spot ETF underscores the growing prominence of SOL out there. He stated,
“The commerce now’s, who’s subsequent. You’ve obtained to consider Solana as in all probability the subsequent one. Bitcoin, Ethereum, and Solana are in all probability the large three for this cycle.”
His viewpoint emerges at a time when the market is intently monitoring the SEC’s stance on crypto ETFs, which may have a big affect on the sector.
Present Market Panorama
Regardless of Kelly’s optimistic forecast, SOL’s market efficiency has been considerably muted. At press time, SOL was buying and selling at $177.58, experiencing a 2% day by day drop somewhat than the anticipated surge. This case raises doubts about whether or not Solana can obtain the $200 mark by the top of Could 2024.
In response to Changelly, a outstanding crypto alternate and prediction platform, reaching $200 by the top of Could 2024 could also be difficult for Solana. Their evaluation additional predicts SOL buying and selling at a excessive of $184.25 within the final week of Could. Whereas this means development, it falls in need of the $200 goal. No matter whether or not Solana hits $200, its increasing ecosystem and rising recognition point out that it stays a big participant within the crypto market.
