As Bitcoin’s trajectory continues to influence the cryptocurrency market, the possibility of potential Ripple (XRP) and Solana (SOL) ETFs have sparked renewed interest in these cryptos
.However, the chances of them amassing gains beyond 25x this cycle are low
.
As a result, smart money investors are accumulating LNEX, the native token of a DEX platform that could 100x by 2025 and rally over 1800% in Q4
.
Ripple’s resolution with the SEC in August was disappointing, and the Ripple army is now shifting their attention to XRP ETFs as the next major bullish catalyst to propel Ripple to $589
.
As fund managers including Bitwise and Canary Capitals file for XRP ETFs, it has been touted that the release of Ripple ETFs “is a matter of if, not when”
.
While Ripple ETFs would certainly be massively bullish for Ripple’s future prospects, these rumors have failed to move the needle for Ripple in early October
.
Meanwhile, Solana has arguably been 2024’s trendiest layer-1 and is poised for long-term growth this cycle
.
A new Standard Chartered Bank Report has excited Solana investors for the short term, claiming that Solana could rally by 400% over the USA election in November, especially if pro-cryptocurrency Republican nominee Donald Trump wins
.
Moreover, the report stipulated the major possibility of SOL ETFs for this cycle and beyond, which would put Solana head and shoulders above Ethereum if it comes to fruition.
