Best Altcoins on Solana to Explode as Investor Interest in $SOL ETF Skyrockets
The likelihood of US regulators approving a Solana ETF has risen to 90%, up from 70% in February. Solana futures open interest reached $5.75 billion, indicating strong institutional interest. The crypto has maintained a crucial $140 support level, with rising DEX volumes and $9.5 billion in total value locked, suggesting potential growth past $200 before a possible ETF approval on October 10. Technical analysis shows positive signals, with Solana bouncing from key EMAs. Three notable altcoins include Solaxy, which aims to enhance Solana's scalability; ai16z, an AI-driven venture capital firm; and Bonk, a popular meme coin experiencing significant price increases. The anticipated ETF launch could significantly impact Solana and its associated cryptocurrencies.
