Donald Trump‘s recent victory in the US elections has sparked renewed hope – especially for top altcoins like Solana. The post-election rave propelled Solana to the standout winner after it blew up 17% to overtake BNB in the coveted top four.
Right now, Donald Trump‘s pro-crypto stance has heightened speculation about an ETF that could actualize analysts’ projection of a Solana ATH. In fact, many analysts are predicting a rally to $1000 on the back of its growing DeFi ecosystem. Could we actually see a new Solana ATH under the new US pro-crypto administration? One way to find out!
Donald Trump‘s win saw Solana‘s price surge 17% post-US election. Is a new SOL ATH on the horizon?
The recently concluded US elections, which saw Donald Trump emerge as a winner, provided a springboard for the SOL price, which went an impressive 17% hours after the announcement. The bullish push has propelled Solana to a staggering $87.3B, catapulting it to the fourth-largest crypto by market cap.
Market watchers are convinced Trump’s return will change regulatory rules around cryptocurrencies. Many are even projecting a Solana ATH, especially with the on-chain uptick and growing investor confidence. In fact, Solana has showcased its strength after toppling Ethereum in daily network fees and DEX growth. Beyond this, TVL has skyrocketed beyond $6.6B, the third largest.
Analysts bet big on Solana ATH as odds of ETF rise
An important reason for the jump is the growing bullish sentiment around Solana‘s institutional adoption and optimism for a Solana ETF in Donald Trump‘s pro-crypto administration. Following his victory, market analysts raised the odds of a Solana ETF approval by an extra 20%—especially since notable investment firms and managers, including VanEck and 21Shares, are already in the race.
Syncracy Capital’s Daniel Cheung weighs in on the bullish sentiment and predicts that Solana could see a boost in chances of ETF approval and run to a new ATH. In fact, many Twitter KOLs are joining the bullish outlook, and many are pegging a Solana ATH of at least $500.
Can the new DeFi powerhouse also reach a new ATH?
Solana‘s post-US election run shows there’s more in store for crypto assets before 2025. With Solana‘s recent growth, a strong DeFi presence, and now Trump’s potential backing, investor confidence in a new Solana ATH has never been stronger. This bullish sentiment has even seeped into newer, Solana-like, utility-driven DeFi-focused projects.
One such is the Lunex Network, which is raising the dust with a strong presale performance after raising nearly $2M in mere weeks. The massive adoption that Solana got has highlighted the importance of innovation – one that Lunex Network aims to provide with its cross-chain, high liquidity AMM DEX with ultra-high speed and low fees.
What’s even more intriguing about this project is its revenue share program, which promises incentives for participation. Now, you see why investors poured almost $2M in a vote of confidence, and the Trump win could mean big demand for ingenuity like Lunex’s. Lunex’s native utility token LNEX is selling at just $0.0020 making now an excellent opportunity to snap up his 100x moonshot gem!
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
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