Solana could fall to a price of $80 as institutional ETFs and meme coin trading slow down.
Cryptocurrency expert Andrew Kang, co-founder of a cryptocurrency-focused venture capital firm, suggested in a recent post that market changes in ETF integration could slow Solana (SOL)’s bullish sentiment.
Kang believes that Solana (SOL) has shown strong performance recently, but it may be affected by unpredictable demand from meme traders. If meme trading declines in the future, SOL price could collapse to the $80 level.
Kang also said that despite the potential impact of meme traders, Solana’s underlying technology and long-term potential could support its price in the future.
ETF integration
Kang argued that the delayed integration of ETFs into asset management platforms could have a significant impact on the cryptocurrency market. Most of the expected inflow of ETF money is expected to come in the fourth quarter or towards the end of the year.
In the absence of substantial ETF inflows, momentum in the cryptocurrency market could reverse from bullish to bearish. However, Kang believes that Bitcoin (BTC) will maintain its strength, and prices are unlikely to fall below the $50,000 mark.
Ethereum expectations
Ethereum (ETH) could maintain its value until the ETF is approved, but its upside this year should be limited to $4,000, according to Kang. If there is not sufficient inflow and the numbers are not up to par, or if there is a substantial sell-off of ETH, ETH could fall into the low-to-mid $2,000 range.
The Ethereum community is often considered to have strong advocacy and understanding, which can lead to high expectations about the impact of ETFs among investors who are unfamiliar with cryptocurrencies. However, insights from traditional finance experts indicate relatively low interest in Ethereum ETFs.
