Solana Is Inches Away From 100 Billion… Should We Invest ?

Solana, a real rising star, is benefiting from pro-crypto movements fueled by Donald Trump’s return. In just one week, its value surged by 25%, and the market is keeping an eye on new daring highs. At this rate, crypto could soon join the prestigious club of 100 billion. Analysts are wondering: will Solana, the Ethereum killer, soon reach this historic milestone, driven by the growing appetite for crypto ETFs?

Solana towards the 100 billion $ club

In the blink of an eye, Solana has gone from an outsider to a rising star in the crypto universe, with a clear target in sight: to reach a market capitalization of 100 billion dollars. Currently valued at 96.8 billion, this “Ethereum killer” is just a step away from joining the exclusive circle of assets like Bitcoin, Ethereum, and Tether.

Solana about to cross $100B market cap.

Only 3 assets in the $100B weight class.

Truly epic.

— Hunter Horsley (@HHorsley) November 10, 2024

A power rise that hasn’t gone unnoticed by industry observers.

• With a current market capitalization of 96.8 billion dollars;
• Total transaction fees exceeding 1.1 million SOL;
• Over 3.1 million tokens issued on the platform;
• A transaction volume of 1.9 billion dollars in two weeks.

The numbers are impressive, just as much as the enthusiasm surrounding this project. Solana has managed to embed itself in the portfolios of American institutions. To the point where giants of investment like VanEck have already submitted proposals for Solana ETFs.

“We could even see crypto surpass the symbolic $100 billion mark“, analyzes Bitwise CEO, Hunter Horsley, who considers Solana one of the promising assets of the moment.

The momentum of crypto SOL under the Trump effect

The recent return of Donald Trump seems to have had the effect of a boost on the price of Solana, propelling this crypto up by 17% in just a few hours after the announcement of the U.S. election results. This sharp rise has positioned SOL as the fourth largest crypto by market capitalization, ahead of Binance Coin (BNB).

According to analysts, this bullish wave could continue, especially if Trump realizes a favorable environment for crypto ETFs, which would place SOL in a good position to smash new historical records.

Several experts, such as Daniel Cheung from Syncracy Capital, mention an extraordinary growth potential, even betting on a Solana ATH (All Time High) soon. With a robust DeFi and growing institutional adoption, the SOL price could well exceed $500, or even soar beyond if an ETF is validated under the new U.S. administration.

Before the elections, Arthur Hayes had bet on Solana instead of Bitcoin, seeing in this crypto the future of the new generation of digital assets.