ChatGPT Forecasts Three Scenarios for Solana’s Price Movement

Recently, the cryptocurrency Solana (SOL), currently ranked fifth by market capitalization, recorded a notable price spike.

This growth was triggered by the New York-based investment management firm VanEck submitting an application to register the “VanEck Solana Trust” exchange-traded fund (ETF), marking the first attempt to launch a spot ETF based on Solana in the US.

Recently, a similar move was made by the Canadian firm 3iQ Corp, which filed a preliminary prospectus for the Solana Fund (QSOL) issuance, as well as by the company 21Shares. All these applications have sparked significant interest and speculation about Solana’s future price trajectory.

James Seyffart, Senior ETF Analyst at Bloomberg, predicts that a Solana-based ETF might hit the market by 2025.

Prior to these news events, Solana was already on a path to recovery: the cryptocurrency managed to rebound from a drop to $123 on June 24 and stabilized between $135 and $140.

Due to regulatory uncertainty, investors are likely to remain cautious, limiting the influx of capital. Consequently, in this case, Solana-based ETFs will attract quite modest investments, indicating overall market caution. Such a restrained approach could lead to a potential price increase of only 1.3 times the current figure, resulting in a price of approximately $195.

Balanced Scenario

This scenario assumes a stable and moderately favorable regulatory environment that could facilitate the approval of Solana-based ETFs.

Growing interest from institutional investors, driven by Solana’s technological advantages and market potential, could lead to a significant influx of capital. Consequently, Solana-based ETFs might capture a substantial portion of the inflows garnered by Bitcoin ETFs, potentially resulting in a threefold price increase to around $525.

Optimistic Scenario

According to this scenario, significant positive shifts, such as a change in SEC leadership, could accelerate the approval of Solana-based ETFs.

In this case, major institutional players, attracted by the blockchain’s performance and potential, might start investing substantial funds in Solana-based ETFs. This scenario anticipates a significant capital influx, as Solana ETFs capture a large share of inflows from Bitcoin ETFs, potentially leading to an eightfold price increase to approximately $1200.

As the regulatory framework evolves, the approval and adoption of Solana-based ETFs could significantly impact SOL’s price trajectory. To gauge Solana’s future market potential, investors should closely monitor regulatory policy changes and institutional interest. Short-term indicators have shifted from bearish to bullish, enhancing Solana’s attractiveness among day traders. Recent events have pushed the asset’s price towards the resistance level at $140, suggesting promising prospects.

ChatGPT-4o Forecasts Solana’s Price

To provide an accurate forecast of Solana’s price trajectory, ChatGPT-4o was used, considering the potential effect of Solana-based ETFs across three scenarios: conservative, balanced, and optimistic. These scenarios account for the potential impact of the exchange-traded fund based on expected market conditions, regulatory environment, and adoption rates.

Conservative Scenario

According to this scenario, the approval and adoption of Solana-based ETFs could face significant regulatory challenges. This includes possible delays and an overly stringent approach by the US Securities and Exchange Commission (SEC) in reviewing applications, which could limit the flow of institutional funds.