Solana 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, with many analysts predicting major growth potential for projects within the Solana ecosystem.
Top 10 Solana-based coins to watch
Cryptocurrency analyst Chain Mind has compiled a list of 10 Solana-based altcoins that show promising growth prospects in light of the potential SOL ETF approval.
- Star Atlas (ATLAS): A blockchain-based gaming metaverse with a market cap of $44M and a price of $0.002.
- Parcl (PRCL): A perpetuals exchange for real estate synthetics with a market cap of $27M and a price of $0.22.
- Aleph (ALEPH): A storage and function execution network with a market cap of $61M and a price of $0.24.
- Tensor (TNSR): A platform offering blockchain data and NFT tools with a market cap of $78M and a price of $0.63.
- Ninety-Eight (C98): An ecosystem supporting blockchain companies with a market cap of $140M and a price of $0.18.
- Zebec (ZBCN): An infrastructure for real-world value flows with a market cap of $63M and a price of $0.001.
- Frax Finance (FXS): A stablecoin protocol with a market cap of $270M and a price of $3.3.
- Jito (JTO): Solana’s liquid staking token offering staking and MEV rewards with a market cap of $295M and a price of $2.4.
- Curve Finance (CRV): An exchange for efficient trading of stablecoins and volatile assets with a market cap of $416M and a price of $0.33.
- Helium (HNT): A wireless network for IoT and cellular devices with a market cap of $556M and a price of $3.4.
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Show more +Chain Mind suggests that these Solana-based altcoins could potentially see 50-100x growth following the approval of a SOL ETF. The analyst bases this prediction on the observed performance of Ethereum following its ETF approval, which saw a 30% increase. Chain Mind speculates that Solana could experience even more growth of 60-100% post-ETF approval.
Also read: Why Is the Crypto Market Down Today?
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