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

Solana, a 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.

Solana, the Ethereum killer, is currently valued at 96.8 billion and is just a step away from reaching this historic milestone. But what role does crypto ETFs play in this? And how is the recent crypto SOL momentum influenced by the Trump effect?

Solana Surges towards the Prestigious Club of 100 Billion

In the crypto universe, Solana has swiftly ascended from being an outsider to a rising star, 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.

This remarkable ascent has not gone unnoticed by industry observers.

The numbers are indeed impressive, and so is the enthusiasm surrounding this project. Solana has managed to embed itself in the portfolios of American institutions. To the point where investment giants 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.

Solana's Momentum Receives a Boost from 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.

Maximize Your Reading Experience with Cointribune's "Read to Earn" Program

As you continue to read informative articles on Cointribune, take advantage of our unique "Read to Earn" program and earn points with each article you read. These points can be used to access a variety of exclusive rewards.

To participate, simply follow these steps:

Sign up for a Cointribune account.

Read engaging articles and collect points.

Redeem your points for exciting rewards, including access to premium content, airdrops, and competitions.

Don't miss out on this opportunity to earn while you stay up-to-date on the latest crypto news and trends. Sign up now and start reaping the benefits.

The above is the detailed content of Solana, a real rising star, is benefiting from pro-crypto movements fueled by Donald Trump’s return. For more information, please follow other related articles on the PHP Chinese website!