Philippe Bekhazi, CEO of trading firm XBTO, believes that Solana (SOL) could hit $700, driven by expectations surrounding ETF launches and price surges linked to former President Trump.
Growing institutional interest has significantly fueled Solana’s price growth. According to experts, the current rally for Solana is just getting started.
Could Solana Overtake Ethereum?
In an interview with DL News, Bekhazi stated that Solana’s price could continue to rise as investors fear missing out on the opportunity. He commented:
“This rally is just the beginning. Key factors include positive macroeconomic trends, increasing user adoption, and the potential launch of spot Solana ETFs by firms like Bitwise and VanEck.”
Experts from Standard Chartered also forecast that Solana’s price could reach $700 by the end of 2025.
Could a Trump Administration Boost Solana ETFs?
Geoffrey Kendrick from Standard Chartered suggested that the approval of a spot Solana ETF could be more likely under a Trump administration.
Currently, Solana is trading at $260 after peaking at $262 earlier in the day. Can Solana truly reach $700 in the future? The answer may come sooner than expected.
