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Solana ETF approval may trigger a big pump in 5 major tokens such as JUP, NST, and RENDER.
Solana ETF approval may drive 5 types of Token to big pump
As the approval date for the Solana ETF approaches, some tokens may experience significant rises in price. Analysts predict that the Solana ETF is likely to launch sometime next year, although the specific timing remains uncertain due to legal issues. Before the potential launch of the ETF, the following five tokens may see substantial growth after regulatory approval.
JUP
Jupiter (JUP), as one of the top tokens in the Solana ecosystem, is expected to benefit from the positive news of the ETF approval. It is anticipated that during a bull market, JUP may rise to 10 dollars or even higher.
NST
NebulaStride Token (NST), as a relatively new Token, may achieve maximum gains. Due to its relatively short history, the price of NST could even increase by more than 20 times. The project is committed to changing the financial sector, and this fundamental aspect also provides it with a bullish outlook.
RENDER
Render (RENDER) is another Solana ecosystem Token worth paying attention to. Based on its connection with artificial intelligence (AI), RENDER may see significant growth after ETF approval. Technical analysis shows that as long as the Token stays above the support level of $6.9, its price is expected to reach $24.
BONK
Bonk (BONK) has evolved into more than just a meme coin. It now has various practical application scenarios, and even has exchange-traded products (ETP). Notably, the upcoming token burn plan will eliminate 1 trillion BONK, which may push its price rise to $0.11.
XRP
If the Solana ETF is approved, XRP may also benefit from it, especially since XRP's own ETF has not yet been approved. Market expectations could drive the price of XRP to rise significantly. Some analysts even predict that XRP might reach a high of $18 in this market cycle.
The potential growth of these tokens demonstrates the dynamism of the cryptocurrency market, but investors still need to cautiously assess the risks. As the regulatory environment continues to evolve, the market direction may change rapidly.