Solana price could fall 40% to $80, says analyst

Solana could drop to an $80 price point as institutional ETFs and meme coin trading slows.

Crypto expert Andrew Kang, co-founder of a crypto-focused venture capital firm, suggested in a recent post that market shifts in ETF integration could slow Solana’s (SOL) bullish sentiment.

Kang believes that Solana (SOL) has been performing strongly recently but may be affected by unpredictable demand from meme traders. If meme trading declines in the future, SOL’s price could drop sharply to the $80 level.

Kang also noted that despite the potential influence of meme traders, Solana’s underlying technology and long-term potential could support its price in the future.

ETF integration

Kang claimed that the delayed integration of ETFs into asset management platforms could significantly impact the cryptocurrency market. Most of the expected inflow of ETF money is expected to arrive in the fourth quarter or toward the end of the year.

In the absence of significant ETF inflows, momentum in the cryptocurrency market could reverse from upward to downward. However, Kang believes that Bitcoin (BTC) will maintain its strength and prices are unlikely to fall below $50,000.

Ethereum’s prospects

According to Kang, Ethereum (ETH) may maintain its value until ETF approval, but its rise is expected to be limited to $ 4,000 this year. If there is not enough inflow and numbers remain insufficient, or if there is significant selling of ETH, ETH could drop to the $2,000 range.

The Ethereum community often appears to have strong advocacy and understanding, which can lead to high expectations for the impact of ETFs among investors unfamiliar with crypto. However, the opinions of traditional financial experts indicate that interest in Ethereum ETFs is relatively low.