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Solana ETF approval is imminent, and these 5 tokens may welcome a big pump.
Solana ETF approval is imminent, these tokens may see a big pump
As the approval of the Solana ETF approaches, the prices of some tokens are expected to see significant rise. Analysts predict that the Solana ETF may launch sometime next year, although the exact timing remains uncertain due to legal issues. Before this potential milestone event, the following tokens may experience substantial growth in price.
![\Stable Dog Original]Solana ETF approved, 5 tokens are expected to welcome a big pump
JUP
Jupiter (JUP), as one of the main tokens in the Solana ecosystem, is expected to benefit from the favorable news of ETF approval. Analysts predict that in this bull market, the price of JUP could rise to $10 or even higher. Considering its position in the DeFi space, JUP may experience parabolic growth.
NST
NebulaStride Token (NST), as a relatively new project, may achieve significant growth after the approval of Solana ETF. Due to its innovative goals in the financial sector, NST's fundamentals provide it with a bullish outlook. As an emerging token, NST even has the potential to achieve over 20 times the rise.
RENDER
Render (RENDER) is another Solana ecosystem Token worth paying attention to. Based on its association with artificial intelligence (AI), RENDER may see a big pump after the approval of the Solana ETF. From a technical analysis perspective, some analysts believe RENDER is poised for a big pump. Predictions indicate that if RENDER can maintain a support level of $6.9 on the weekly chart, its price could rise to $24.
BONK
Bonk (BONK) has developed into an indispensable part of the Solana ecosystem. It is not just a meme coin, but also has various practical application scenarios, and has even launched exchange-traded products (ETP). It is worth noting that BONK is about to undergo a large-scale token burn, planning to burn 1 trillion tokens. This move may drive the price of BONK toward the target of $0.11.
XRP
Although XRP is not part of the Solana ecosystem, it may benefit if the Solana ETF is approved. Especially if the Solana ETF is approved before the XRP ETF, the price of XRP may rise due to market expectations for the XRP ETF. Some analysts are optimistic about the future of XRP, with predictions suggesting that XRP could rise to $18 during this market cycle.
Overall, as the likelihood of Solana ETF approval increases, these Tokens have shown potential for significant growth. However, investors should proceed with caution, fully understanding the high-risk nature of the cryptocurrency market and conducting thorough research and risk assessment.
![\Stable Dog Original]Solana ETF approved, 5 tokens expected to experience a big pump