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Spot Solana ETF might 9x the price of SOL — GSR Markets

The crypto market maker’s forecast for Solana was based on a “blue sky” scenario, while its “bear” scenario only predicted a 1.4x increase in Solana’s price.

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Headline:
Spot Solana ETF might 9x the price of SOL — GSR Markets

Short description:
The crypto market maker’s forecast for Solana was based on a “blue sky” scenario, while its “bear” scenario only predicted a 1.4x increase in Solana’s price.


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Posted on Friday, June 28, 2024.


About Solana

Solana is a decentralized, high-performance blockchain designed for fast, secure, and scalable transactions. It uses a proof-of-stake consensus mechanism and is built to handle thousands of transactions per second. Solana was developed by a team of engineers and entrepreneurs who previously worked on the Ethereum blockchain, and it is currently being used for various projects, including decentralized applications (dApps) and non-fungible token (NFT) marketplaces.


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News seen on: Cointelegraph
Description of news source: The most recent news about crypto industry at Cointelegraph. Latest news about bitcoin, ethereum, blockchain, mining, cryptocurrency prices and more.


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