GSR Bullish SOL Report: Bullish SOL Will Rise 9 Times to $1320
Odaily2024/06/28 05:19
By:Odaily
Odaily News On June 28, according to a report released by
cryptocurrency market maker GSR
Markets, GSR holds a long position in SOL. The hypothetical situation proposed in the report is: In a bull market, the spot
Solana ETF will absorb 14% of all fund flows of the spot
Bitcoin ETF since its launch in January, and the price of SOL will rise from the current $149 to more than $1,320, while Solanas market value will increase to $614 billion. In a bear market and base case, the spot Solana ETF will account for 2% and 5% of the fund flows attracted to the Bitcoin ETF, which will trigger a 1.4-fold and 3.4-fold increase in Solanas price, respectively. The company said that these valuations could be higher if the spot Solana ETF included staking reward income. (Cointelegraph)
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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