Solana (SOL) ETF Anticipation Sparks Interest in SOL-Based Altcoins: Here Are 10 Cryptocurrencies to Watch

CNBC dropped a hint at the possibility of a Solana (SOL) ETF following the approval of an Ethereum ETF. This news has ignited interest in Solana-based altcoins

The approval of an Ethereum (ETH) exchange-traded fund (ETF) has brought renewed attention to the possibility of a Solana (SOL) ETF. This development could have a significant impact on the cryptocurrency market, particularly for altcoins within the Solana ecosystem.

In anticipation of this potential ETF approval, several analysts have highlighted promising altcoins that could benefit from the increased interest and capital inflows. One prominent analysis suggests that these Solana-based altcoins could experience 50-100x growth following the approval of a SOL ETF.

While this prediction may seem ambitious, it is based on the observed performance of Ethereum following its ETF approval. After the ETH ETF was approved, Ethereum experienced a 30% price increase. Extrapolating from this data, the analyst speculates that Solana could witness even more growth, perhaps 60-100%, post-ETF approval.

Among the altcoins that could benefit from this development are STEPN (GMT), Orca (ORCA), Serum (SRM), Raydium (RAY), and Lido (LDO). These projects offer a range of services and applications within the Solana ecosystem, catering to diverse user needs.

From decentralized exchanges and automated market makers to non-fungible token (NFT) marketplaces and move-to-earn platforms, the Solana ecosystem boasts a vibrant and diverse lineup of altcoins. With the potential for a Solana ETF on the horizon, these altcoins are certainly worth keeping an eye on.