Solana (SOL) is expected to have a successful year in 2025, thanks to increased interest from individual investors and the high chance of approval of a Solana exchange-traded fund (ETF) located in the United States. Despite a recent drop below $200, analysts believe the cryptocurrency’s future is bright, boosted by predictions of increasing retail earnings and the imminent ETF launch.
Solana’s cheaper per-unit price attracts retail investors, making it more accessible than Bitcoin (BTC) and Ether (ETH). This has led many newcomers to the market to perceive Solana as a more affordable investment, as they can purchase a single coin at a significantly lower cost compared to its larger competitors. However, analysts warn investors that market capitalization provides a more accurate representation of a cryptocurrency’s underlying value and growth potential.
In addition to retail interest, Solana’s future growth is linked to the projected approval of a US-based spot ETF. Several significant asset management firms, including Grayscale, VanEck, and Bitwise, are awaiting approval, with critical deadlines in late January 2025. If approved, the ETF might make Solana more accessible to traditional investors who do not have accounts with centralized exchanges, accelerating its adoption.
Analysts are growing bullish about Solana’s prospects, with some predicting that the price will top $400 by 2025. This is based on Solana’s past performance as well as the anticipated launch of the first Solana ETF in the US. Brazil has already approved its first Solana ETF in 2024, and global acceptance may follow suit, making 2025 a watershed moment for Solana’s ascent in the cryptocurrency market.
