đ±Why Solana's price could exceed $700 if Trump wins the election?đš
According to Standard Chartered, one of the most important banks in the world, it believes that the price of #Solanaâ© could increase fivefold if Donald Trump returns to the White House.
In a recent analysis by the British bank, published by its global head of digital asset research, Geoff Kendrick, the possibility that the price of Solana, currently the fifth most capitalized cryptocurrency on the market, could reach and even exceed $700 per unit next year was highlighted.
This optimistic prediction on the price of SOL is based on the possibility that Standard Chartered sees that the United States will approve a Solana spot ETF, if Donald Trump is re-elected as president of the country. Solana ETF Approval on the HorizonThe introduction of a Solana ETF in the US market could open the doors to a considerable flow of institutional investments into the cryptocurrency.
Kendrick highlighted that a Trump administration would be more likely to facilitate the creation of this type of financial products, which could lead to an increase in demand for Solana and, therefore, its price in the market.
To date, cryptocurrency ETFs have proven popular among traditional investors, as they allow for easier and less risky exposure to this type of digital assets.
đ In addition, the British bank also noted that the potential approval of a Solana spot ETF could further legitimize the cryptocurrency in the eyes of traditional and institutional investors, resulting in an increase in its price and market capitalization.
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