The eagerly awaited spot in the cryptocurrency market solana The decision date for the ETF application has finally arrived. After the evaluation between 23-25 January US Securities and Exchange Commission(SEC) is expected to announce its decision in the coming hours. According to data from prediction platform Polymarket, there is an 80 percent chance of a Solana-based launch this year. spot ETF will be approved.
Why Are Markets Awaiting Approval of the Spot Solana ETF?
Spot Solana ETFThere are strong signals in the markets that it may be approved. The printing of $3.5 billion worth of stablecoins on the network in the last 10 days indicates that big players are taking action. At the same time, the 47th US President Donald Trump’s launch of two memecoins, TRUMP and MELANIA, on the network increased the popularity of Solana.
SOL coinThe fact that ‘s consolidated near its peak levels despite the general market declines shows that there is an expectation of approval among market participants. All these developments stand out as factors supporting the expectation of approval.
Another critical element for approval is the company, which is one of the important Solana investors. David Sackshas become one of the prominent names in the cryptocurrency market in the new era.
What Assets Will the SEC’s Decision Affect?
Discussions are also being held for the Solana-based altcoins that will benefit the most if the ETF decision is positive. It is predicted that DeFi projects, that is, decentralized financial assets, will be affected most quickly by this process. Especially RAIL, KMNO, CLOUD And JUP It is thought that projects such as these will shine with significant price increases.
It is also considered that Solana-based altcoins focusing on the tokenization of real-world assets (RWA) may also come to the fore. Thus PARCL And CHEX Coins such as are attracting attention with the increase in corporate interest. It is emphasized that Solana-based artificial intelligence-focused altcoins will also rise rapidly after the ETF approval.
Experts say that the decision to be announced in the coming hours will only affect SOL coin and solana ecosystemHe points out that it will determine not only the future of the cryptocurrency market, but also the direction of the overall cryptocurrency market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
