GSR Bullish on SOL Report: Expected to Rise 9 Times to $1320 in a Bull Market
According to a report released by cryptocurrency market maker GSR Markets, GSR holds a long position in SOL and proposes hypothetical scenarios in the report:
In a bull market scenario, the spot Solana ETF would absorb 14% of all fund flows from the spot Bitcoin ETF since its launch in January. The price of SOL would rise from its current $149 to over $1,320, and Solana's market value would increase to $614 billion.
In bearish and basic scenarios, the spot Solana ETF will account for 2% and 5% of attracting Bitcoin ETF fund flows respectively. This will trigger an increase in Solana's price by 1.4 times and 3.4 times respectively.
The company stated that if the spot Solana ETF includes staking reward income, these valuations could be even higher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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