Analyst Predicts Solana Price Plummet: Could Drop 40% to $80

Crypto expert Andrew Kang, co-founder of a venture capital firm specializing in cryptocurrency, recently suggested that changes in ETF integration could dampen the bullish momentum of Solana (SOL).

According to Kang, although Solana (SOL) has demonstrated strong performance recently, its price could be vulnerable to the fluctuating interest of meme traders. Should the enthusiasm of meme traders wane, the value of SOL might experience a significant drop, potentially reaching the $80 mark.

Kang also noted that despite the possible influence of meme traders, the robust technology and long-term potential of Solana could sustain its price over time.

Kang argued that the delayed integration of ETFs into wealth management platforms could significantly impact the cryptocurrency market. The anticipated influx of ETF investments is now expected to occur in the fourth quarter or towards the end of the year.

Without substantial ETF inflows, the cryptocurrency market's momentum could shift from upward to downward. However, Kang remains optimistic about Bitcoin (BTC), predicting that its price will stay robust and unlikely to drop below the $50,000 mark.

Kang's Outlook on Ethereum

Ethereum (ETH) might maintain its value until ETF approval, but its potential gains this year are likely to be capped in the low $4,000s, according to Kang. Should the inflow of investments fall short or if there is significant selling pressure, ETH could drop to the low to mid $2,000 range.

The Ethereum community, known for its strong advocacy and understanding, often has high expectations for the impact of ETFs among less familiar investors. However, insights from traditional finance experts suggest that interest in Ethereum ETFs remains relatively low.