SOL Price Expected to Outperform BTC and ETH in 2025
Market analysts expect the price of SOL to outperform BTC and ETH in 2025, driven by the anticipated approval of a spot Solana ETF and growing retail investor interest.
- SOL price currently at $190.18, with a market cap of $92 billion.
- Recent market correction has seen SOL drop below the $200 level.
- Analyst Nicolai Søndergaard notes that Solana’s perceived affordability is appealing to investors.
- Solana's market cap is significantly smaller than Ethereum's and Bitcoin's, indicating potential for growth.
Potential Impact of Solana ETFs
- Approval of Solana ETFs could push SOL above $400.
- Five major firms, including Grayscale and VanEck, are competing for ETF approvals.
- Grayscale's application deadline is January 23; preliminary decisions for others expected by January 25.
- Nansen's Søndergaard suggests approval is likely in 2025 but warns of possible delays.
- US Solana ETF would facilitate easier access for traditional investors to gain exposure to SOL.