As the crypto market buzzes with growing institutional interest ($DOGE’s price has more than doubled since the elections, for instance), the potential launch of Solana ETFs in 2025 may open doors for massive growth for several altcoins.
Solana has emerged as a fierce rival of Ethereum thanks to its low transaction fees and high scalability.
Investors are lining up to buy Solana, which has resulted in a price increase of over 300% in the last two months alone. It’s currently priced at $186.52. And this momentum should be amplified by the launch of ETFs.
For fellow crypto traders and investors, we’ve shortlisted four of the best altcoins that are all set to benefit from Solana’s potential ETF launch.
1. Solaxy ($SOLX) – Solana’s First-Ever Layer-2 Solution
Solaxy ($SOLX) is designed to enhance liquidity, speed, and multi-chain interoperability on Solana. It benefits from the high-performance infrastructure of Solana, supporting seamless liquidity pools and fast swaps.
This altcoin has raised an impressive $10M during presale, which reflects the strong confidence of investors in its vision.
Currently priced at $0.0016, it offers a significant upside potential. As Solana continues to expand into institutional finance through its upcoming ETF, $SOLX is likely to ride this growth trajectory.
Solana can process thousands of transactions per second with minimal fees. This makes it a preferred choice for DeFi and enterprise applications.
With $SOLX being integrated into this ecosystem, it’s positioned as a key player for investors looking for exposure to Solana.
2. Wall Street Pepe ($WEPE) – Empowers Retail Traders with Unique Market Insights
Wall Street Pepe ($WEPE) has captured the attention of crypto enthusiasts and influencers alike with its serious ambitions. This altcoin brings a fresh twist with its community-driven ecosystem that engages users with innovative features.
The project powers several decentralized applications (dApps) and rewards users when they engage with its ecosystem. Furthermore, $WEPE investors will get unique market insights often reserved for whale investors.
Simply put, it aims to even the playing field and empower the average Joe.
$WEPE also boasts gamified staking options. As a holder, you can earn passive income while participating in its vibrant community activities.
The presale has raised over $47M, which demonstrates the strong interest in its playful approach. As Solana ETFs move closer to approval, $WEPE is poised to gain further traction.
It’s currently available at just $0.00036647, with prices set to increase in the next couple of days.
3. Bonk ($BONK) – Proven Performer to Get a Boost
The first dog-themed coin on the Solana blockchain, $BONK, is revolutionizing the concept of community-driven cryptocurrencies. This altcoin was launched in December 2022 and carries the ethos ‘for the people, by the people.’
50% of $BONK’s total supply has been airdropped to the Solana community. This strategic move significantly enhanced its visibility and led to a 34% rise in $SOL’s price in just 48 hours.
$BONK was designed to bring back liquidity to the Solana-based DEXs. However, its broader mission is to create a full-fledged ecosystem where all participants have an equitable chance to contribute and benefit.
The uniqueness of the project lies in its airdrop mechanism, which significantly rewarded collectors, developers, and artists across the Solana network. This initiative has increased trading activity, with Orca, Solana’s DEX, reporting a trading volume of $20M.
$BONK had grown over 2,000% within a week by January 2023, which made it the top-performing crypto asset in terms of percentage return that year. Currently, the tokens have over 350 on-chain integrations from various verticals.
As the launch date of Solana ETFs approaches, $BONK will ride the momentum, emerging as a key force in the Solana ecosystem.
4. Pudgy Penguins ($PENGU) – One of the Most Popular Meme Coins
Pudgy Penguins is a meme coin inspired by the popular NFT project that shares the same name. Since its launch in late 2024, it has been gaining traction.
This altcoin combines the playful essence of its NFT with Solana’s efficient blockchain infrastructure. Pudgy Penguins has established itself as a favorite among community-driven projects.
Currently, it has a market cap of $2.06B, which reflects $PENGU’s rapid surge in popularity. Analysts also consider its influencer partnerships and the growing trend of Solana-based meme coins to be key drivers of this demand.
$PENGU’s future largely hinges on market sentiment and how it engages with the Solana ecosystem. The launch of the Solana ETF is likely to further drive the momentum of this promising meme coin.
Verdict – Where There’s Reward, There’s Risk
While these 4 of the best altcoins are undoubtedly poised for massive returns, it’s always advisable to do your own research before investing your money into them or any other asset class for that matter.
After all, the crypto market has its fair share of ups and downs, and you must be prepared for it all. Also, remember that none of the above is financial advice, so you need to DYOR before investing in cryptocurrencies.
Source: NewsBTC