Solana’s price could fall to $80 as trading in institutional ETFs, meme coins and other tokens slows.
Andrew Kang suggested this in a recently published article. He is the co-founder and crypto expert of a venture capital firm that focuses on cryptocurrencies. post The market’s shifts towards ETFs could dampen Solana’s (SOL), bullish mood.
Kang is convinced that Solana was (SOLThe unpredictable demands of meme traders could affect the performance. SOL’s price could drop to $80 if meme trading declines.
Kang said that the technology behind meme trading and its long-term potential outweighs the impact they may have. Solana The price could be supported in the future.
ETF Integration
Kang argued that the delay in integrating ETFs with wealth management platforms may have a significant impact on the cryptocurrency market. ETFs have largely flooded the cryptocurrency market with their money. projected To come at the fourth quarter of the calendar year or towards the end.
The cryptocurrency market’s momentum could reverse from up to down in the absence of significant ETF inflows. Kang is of the opinion that Bitcoin will (BTCPrices are unlikely to drop below $50,000.
Ethereum’s Expectations
EthereumETHKang estimates that ETH’s upside will be restricted to low $4,000s in this year. If inflows are not enough or if ETH is sold heavily, ETH’s value could fall into the $2,000 to low-$3,000 range.
Ethereum is seen by many as a community with strong support and understanding. This may cause investors unfamiliar with cryptocurrency to have unrealistic expectations about the potential impact of ETFs. Traditional finance experts have provided some insights. relatively low interest Ethereum ETFs.
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Source: crypto.news