Memecoins have been experiencing significant increases and price explosions, attracting several investors and attracting attention in the market this year. 2024 is being marked by the growth of the memecoin market, including tokens from the Solana ecosystem, one of the rising stars.

Amidst this scenario, will a memecoin boom happen in the Solana ecosystem following a potential ETF approval? This view was recently shared by crypto influencer Leshka.eth. In his view, meme cryptocurrencies in the SOL ecosystem could be the next big thing in the industry.

According to the analyst’s estimate, a Solana ETF approval in the offing could fuel a memecoin rally. “$SOL ETF approval will happen after $ETH ETF! Solana memes are the MAIN narrative of this cycle. Imagine how high it can go after the ETF approval? Start accumulating more now to reap profits in 3-6 months,” he said.

In a magnificent development for the advancement of the cryptocurrency industry, investment firm VanEck filed a proposal to launch a spot Solana (SOL)-based exchange-traded fund (ETF) on June 27. Subsequently, asset manager 21Shares also submitted the Solana ETF application to the SEC.

“Institutional investors like 21Shares and VanEck have already started registering for the $SOL ETF. The same thing happened 6 months ago, weeks before the rumors about the upcoming SEC approval of the $ETH ETF. Is this a coincidence?” the analyst added.

Solana to lead expansion of new cryptocurrency market, estimates former Goldman Sachs executive

Will Solana (SOL) lead the next digital asset market boom? This rather optimistic view was shared by macroeconomics guru and CEO of Real Vision, Raoul Pal, in a recent video.

In this sense, when evaluating the latest developments, the former Goldman Sachs executive highlighted that, currently, the cryptocurrency market is approaching a zone called the “banana zone”, or, in practical terms, a long period of sustained growth. According to the expert’s prediction, Solana will be responsible for taking the cryptocurrency industry out of its price stagnation and, in addition, will enter a new phase of market growth.

“When is the banana zone? I think it’s coming, and I think Solana will lead it. As I’ve been saying to you, patience is necessary. These things don’t come instantly, but when they do, they can change lives,” he said.

At the time of publication, Solana’s price was quoted at $141.16, down 0.4% in the last 24 hours.


The views and opinions expressed by the author, or any person mentioned in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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