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Solana ETF Rumors Leaked, Which Tokens Are Expected to Increase Tenfold?

BlockBeats2024/07/09 12:19
By:BlockBeats
Original title: Top-10 most promising $SOL altcoins that will make 10x-50x
Original author: @leshka_eth
Original translation: rhythm worker, BlockBeats

Editor's note:

At the beginning of this year, the approval of the Bitcoin ETF caused a huge response in the crypto market, followed by the approval of the Ethereum ETF, which greatly boosted the market's confidence in cryptocurrency ETFs. Against this background, today's rumors of the Solana ETF also appear more credible and eye-catching. If the Solana ETF is really approved, it may have a profound impact on the entire Solana ecosystem. This article analyzes in detail the most promising Solana ecological tokens in the current market and provides corresponding investment strategies to help investors seize opportunities in this possible market turning point.

 

Today there is a rumor that: Blackrock submitted an application for $SOL ETF in July.

 

There is an old saying, "Buy the rumor, sell the news." If this rumor is true, then Solana's altcoins could easily go up at least tenfold. I have compiled the top ten most promising $SOL altcoins that will go up 10 to 50 times.

 

 

CNBC discusses spot ETFs and states that the approval of the ETH ETF is just the beginning.

 

CNBC proposes $SOL as the next potential candidate.

 

This shows that the media has a positive attitude towards the $SOL ETF, suggesting that its approval is high.

 

 

BlackRock — the world’s largest venture capital firm with more than $9 trillion in assets under management — has shown interest in a Solana ETF.

 

The move puts it alongside industry rivals VanEck and 21Shares, both of which have filed Solana ETF proposals.

 

 

Here are the top opportunities on Solana:

 

Speculation around an ETH ETF caused ETH to initially rally and surge 25% after approval. If SOL receives ETF approval, it could rally 50% to 100% and could catalyze altcoins to rally 30x to 100x.

 

1.$JUP

 

 

Jupiter is the top liquidity aggregator on the Solana blockchain, offering a wide range of tokens and the best trading paths for all token pairs.

 

Price: $0.81
Market Cap: $1.1 billion

 

2.$JTO

 

 

Jito is a liquidity staking token on the Solana blockchain provided by Jito, providing staking opportunities with MEV rewards.

 

Price: $2.31
Market Cap: $285 million

 

3.$IO

 

 

ionet is a solana blockchain-based network where users share unused GPU capacity with AI companies that need computing power.

 

Price: $3.33
Market Cap: $313M

 

4.$W

 

 

Wormhole is a communication bridge between Solana and top DeFi networks, enabling seamless transfer of tokenized assets across blockchains.

 

Price: $0.33
Market Cap: $613M

 

5.$TNSR

 

 

Through innovative use of blockchain technology, the Tensor Market has quickly become the second largest NFT market on Solana.

 

Price: $0.65
Market Cap: $75M

 

6. $PRCL

 

 

Parcl v3 is a perpetual contract exchange for real estate synthetic assets, allowing cross-margin perpetual trading across markets.

 

Price: $0.22
Market Cap: $26.9M

 

7. $DRIFT

 

 

DriftProtocol is an open source decentralized exchange based on the Solana blockchain, providing transparent non-custodial crypto trading.

 

Price: $0.43
Market Cap: $78M

 

8. $RAY

 

 

RaydiumProtocol is a DeFi protocol based on the Solana blockchain, enhancing liquidity across the ecosystem.

 

Price: $1.64
Market Cap: $431M

 

9. $NEON

 

 

Neon EVM facilitates seamless development and deployment of dApps from the EVM chain to Solana.

 

Price: $0.47
Market Cap: $42 million

 

10.$SLND

 

 

Solend is a decentralized lending protocol on Solana, providing services for assets such as Meteora SOL mSOL LP, Wrapped SOL, USD Coin and USDT.

 

Price: $0.4
Market Cap: $18 million

 

Original link

 

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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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