1. Solana ($SOL) is ready for a breakout as Donald Trump, the newly elected 47th President of the USA, is growing hopes for a Solana ETF. 2. Solana rose to $185.84 after Trump’s win over Kamala Harris, further fueling the speculation. 3. Solana’s ETF Journey: A New Dawn for Institutional Investment – This could potentially revolutionize the Layer One cryptocurrency chain market.
4. Solana’s reputation as a high-speed, low-cost blockchain has attracted many investors, making it a hotbed for meme coins and NFTs. 5. Solana’s high transaction fees and wash trading activities may pose challenges for its ETF prospects due to the SEC’s scrutiny. 6. If approved, a Solana ETF could lead to unprecedented institutional inflows, with predictions of prices soaring above $400.
7. Despite the challenges, Solana is expected to outperform Ethereum in this cycle, both in price and user base.
