According to Bloomberg Intelligence, the likelihood of US regulators approving a Solana ETF (exchange-traded fund) is now at a remarkable 90%. This significant increase is particularly notable, given that the odds for a $SOL ETF were only 70% back in February. The anticipation surrounding the potential approval, combined with the CME listing of Solana-based futures contracts in March, suggests that a $SOL ETF could propel Solana to new heights.
In this post, we will explore the reasons why sentiment is overwhelmingly bullish on Solana right now. We’ll also highlight some of the best altcoins to consider investing in to leverage the bright future of $SOL.
Solana Futures Open Interest Nears All-Time High
As six asset managers await the SEC’s decision on listing $SOL ETFs, the cryptocurrency’s future open interest has reached $5.75 billion (or $40.5 million in $SOL). This marks a 5% increase from March and places it close to an all-time high, demonstrating robust institutional interest in the blockchain.
The surge in demand for $SOL derivatives highlights a key factor driving adoption: the cryptocurrency successfully held the crucial $140 support level. With increased decentralized exchange (DEX) volumes and a remarkable $9.5 billion in total value locked (TVL), $SOL appears set to surpass the $200 mark well ahead of a potential spot ETF approval on October 10.
What Does $SOL’s Chart Say?
Technical analysis illustrates a positive outlook for $SOL. The cryptocurrency has consistently bounced from the 10, 20, and 50 EMAs on the daily chart, indicating strong bullish momentum. The bounce aligns with a significant support/resistance zone, suggesting that this rally may have sustainability.
The remaining question lies in whether $SOL can break and maintain levels above the 200 EMA. According to the 4-hour chart, the token is well-positioned above all major EMAs on that timeframe, indicating a favorable potential for further gains.
The potential for Solana’s growth invites investors to consider several promising altcoins within its ecosystem. Here are three standout options that could maximize returns in this already thriving market.
1. Solaxy ($SOLX) – Best Altcoin on Solana, Over $32M in Presale Funding
Solaxy, or $SOLX, distinguishes itself by aiming to enhance the Solana network’s capabilities rather than merely leveraging its architecture. Faced with congestion and scalability challenges due to an influx of new investors, Solaxy plans to create the first Layer 2 scaling protocol on Solana, processing transactions on a sidechain to reduce strain on the mainnet and optimize performance.
Currently in presale with over $32.6 million raised, each $SOLX token is priced at just $0.00171, offering a lucrative investment opportunity for early backers.
2. ai16z ($AI16Z) – A Venture Capital Firm Run by AI Agents
ai16z ($AI16Z) stands out as the first venture capital firm run entirely by AI agents. This innovative approach to investment involves AI analyzing market data and community sentiment to guide decisions. As a leader in the AI-powered decentralized trading segment, $AI16Z has quickly established itself, achieving a record market cap of approximately $2.6 billion in January 2025. With a recent 60% uptick, it remains one of the top trending cryptocurrencies.
3. Bonk ($BONK) – The Largest Dog Meme Coin on Solana
Bonk, affectionately dubbed ‘the dog coin of the people,’ is the largest dog-themed meme coin on Solana, boasting a market cap of over $1.5 billion. After experiencing a steady decline, $BONK has begun to rebound, currently up over 36% in the last week. Its low price point of just $0.00001968 makes it an attractive option for investors looking to capitalize on a potential $SOL rally.
Best Altcoins on $SOL – A Golden Buying Opportunity
The growing likelihood of a $SOL ETF is already resulting in bullish momentum for the best altcoins within the Solana ecosystem. The formal launch of an ETF could act as a catalyst for unprecedented growth in $SOL and its associated cryptocurrencies. However, readers are encouraged to conduct their own research and make informed decisions. As always, this overview is not financial advice.
