GSR Report: SOL will increase 9 times in a bull market, and 1.4 times and 3.4 times in bear and base cases respectively

2024-06-28 12:48:30

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According to ChainCatcher news, a report released by cryptocurrency market maker GSR Markets shows that GSR holds a long position in SOL, with hypothetical scenarios presented in the report as follows:

In a bull market, the spot Solana ETF will absorb 14% of the total fund flows from the spot Bitcoin ETF since its launch in January, and the price of SOL will rise from the current $149 to over $1,320, while Solana's market capitalization will increase to $614 billion.

In bear and baseline scenarios, the spot Solana ETF will attract 2% and 5% of the fund flows from the Bitcoin ETF, which will trigger price increases of 1.4 times and 3.4 times for Solana, respectively.

The company stated that if the spot Solana ETF includes staking reward income, these valuations could be even higher.

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SOL bull market GSR Markets

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