The SOL crypto could see a significant rise in 2025, driven by anticipation of spot ETFs in the United States and growing interest from retail investors, according to analysts. Despite a recent correction below $200, Solana's fundamentals remain strong.
Momentum driven by individual investors
Nansen analyst Nicolai Søndergaard expressed his optimism for Solana in an exclusive interview at the Emergence Prague 2024 event.
Despite a recent correction that took its price below $200, the analyst highlights the more affordable unit price of SOL, in comparison with Bitcoin ($93,260) and Ethereum ($3,289), as a key attractive factor. new individual investors.
According to Søndergaard, this perception of accessibility, although erroneous with regard to market capitalization, should continue to attract retail investors. However, he underlines that this idea of a “cheaper token” reflects a common confusion among beginners, who favor the unit price rather than the overall capitalization.
With a current capitalization of $92 billion, Solana remains far behind Ethereum (397 billion) and Bitcoin (1,800 billion), but this leaves it significant room for improvement.
This strategic positioning, combined with the remarkable technical performance of the Solana blockchain, is leading more and more analysts to consider an ambitious price target of $400 for 2025.
Solana ETFs in the crosshairs
The market is eagerly awaiting the potential approval of the first Solana ETFs in the United States by the end of January 2025. As many as five major asset managers – VanEck, Grayscale, 21Shares, Bitwise and Canary Capital – are in the running. Grayscale will have to submit its final application by January 23, while the SEC will make its first decision for the other applicants on January 25.
Brazil has already set a precedent by approving the world's first Solana ETF on August 7. According to Søndergaard, a US ETF would open access to SOL for many traditional investors who do not have accounts on centralized crypto platforms. “ The question is no longer whether a Solana ETF will be approved in 2025, but rather when“says the Nansen analyst.
The year 2025 therefore promises to be decisive for Solana, which could see its growth accelerate thanks to these two major catalysts: retail adoption and the probable arrival of spot ETFs. The ecosystem now seems mature enough to attract both individual and institutional investors.
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