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Cryptocurrency News Articles

Solana (SOL) Price Prediction – Can SOL Rally With ETF Developments?

Feb 01, 2025 at 06:30 am

The Cboe BZX exchange has refiled its Solana ETF applications, which signals renewed hope for institutional interest in SOL.

Solana (SOL) Price Prediction – Can SOL Rally With ETF Developments?

The Cboe BZX exchange has refiled its applications to launch a Solana exchange-traded fund (ETF), reigniting speculation about the potential impact on SOL’s price.

This move comes after the U.S. Securities and Exchange Commission (SEC) rejected previous filings under the past leadership of the exchange.

Now, with a shifting regulatory sentiment toward ETFs, users are wondering: if a Solana ETF gets the green light, how high can SOL go?

Solana Price Prediction: ETF Approval Key to Unlocking Capital Inflows

The approval of spot Bitcoin and Ethereum ETFs in the past set a precedent for how institutions are pivoting toward cryptocurrencies.

If Solana joins the list of approved ETFs, it could pave the way for major capital inflows, much like how BTC and ETH experienced significant price rallies post-ETF approval.

Some Binance analysts are predicting a similar impact, where SOL might be poised to rally past $250 in the near term and continue pushing toward all-time highs if institutional demand ramps up.

Apart from ETFs, Solana’s network growth remains strong. Its high-speed Layer-1 architecture and growing developer ecosystem continue to attract projects across decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming.

With its low fees and fast transactions, Solana remains one of the most actively used blockchains, which could support its long-term value.

From a technical perspective, SOL is approaching key resistance zones. TradingView data highlights breakout levels around $250, with users setting higher targets depending on the market conditions.

A successful ETF approval could provide the catalyst needed for Solana to push beyond these levels.

With 2025 shaping up to be a defining year for ETFs, Solana could be one of the biggest beneficiaries if regulatory approval comes through.

PlutoChain: Expanding Bitcoin's Scalability and Cross-Chain Functionality

Bitcoin remains the dominant player in the crypto space, but its limitations in transaction speed and scalability have hindered its broader use in decentralized applications.

PlutoChain aims to bridge that gap by offering a high-performance Layer-2 solution that is designed to enhance Bitcoin’s functionality without compromising security.

One of PlutoChain’s key innovations is its 2-second block time, which significantly improves transaction speed compared to Bitcoin’s 10-minute block confirmations.

The network can process up to 43,200 transactions per day, which could make it a viable solution for real-time payments, DeFi protocols, and NFT marketplaces that require faster finality.

Beyond speed, PlutoChain brings Ethereum Virtual Machine (EVM) compatibility to Bitcoin’s ecosystem.

This means that developers can deploy Ethereum-based dApps directly on PlutoChain and potentially leverage Bitcoin’s security while maintaining the flexibility of Ethereum’s smart contract capabilities.

This cross-chain functionality could unlock new opportunities for DeFi projects looking to integrate with Bitcoin’s liquidity while avoiding the congestion and high fees seen on traditional Layer-1 networks.

PlutoChain also supports AI-powered blockchain applications, a growing trend in the industry.

Security remains a top priority. PlutoChain has undergone rigorous audits from leading firms like SolidProof, QuillAudits, and Assure DeFi to ensure its infrastructure is resilient against potential threats.

These audits could help establish trust among developers and users looking to build on PlutoChain’s network.

With these advancements, PlutoChain may position itself as an important Layer-2 solution that potentially expands Bitcoin’s capabilities beyond payments.

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Other articles published on Feb 08, 2025