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Solana ETF Approval: SOL To Flip BNB In Campaign For Ethereum Dominance

Patricia Arquette

Oct 12, 2024 am 09:34 AM

Ethereum BNB SOLSolana ETF

Market experts have predicted that SOL will challenge Ethereum's dominance in this market cycle, meaning that SOL is likely to flip BNB soon enough, especially once a Solana ETF gets approved.

Solana ETF Approval: SOL To Flip BNB In Campaign For Ethereum Dominance

According to market experts, Solana (SOL) will soon flip Binance Coin (BNB) and challenge Ethereum’s dominance. This is due to the increasing institutional adoption of Solana over BNB or Ethereum.

However, a Solana ETF is crucial for this to happen. An ETF will channel more institutional money into SOL, leading to more price surges and the crypto flipping BNB to become the fourth-largest crypto by market cap.

The Solana ETF will also help SOL surpass Tether as the third-largest crypto by market cap. Once that happens, SOL will be able to challenge Ethereum’s dominance as both SOL and ETH fight for the second position of the largest cryptocurrencies behind Bitcoin (BTC).

Besides a potential Solana ETF, institutions like Franklin Templeton are also adopting the Solana network, which is why BNB and Ethereum dominance is at stake.

On the other hand, ETFSwap (ETFS) will benefit from a Solana ETF, as it would increase demand for the Ethereum token even as SOL flips BNB and challenges Ethereum’s dominance.

Therefore, it is best to buy ETFSwap (ETFS) now while it is still selling at an affordable price of $0.03846 in its ongoing presale.

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