Analysts predict a potential surge in the value of Solana (SOL) due to key catalysts such as the proposal to reduce token inflation by Multicoin Capital.
A reduction in inflation could offset lower staking rewards, increase investor confidence, and encourage participation in decentralized finance activities.
Potential approval of Solana ETFs could lead to increased institutional investment, driving up demand and potentially boosting the price of SOL significantly.
Despite minor dips, the broader market sentiment remains positive for Solana, with the current price trading at approximately $125.85.