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Solana 
$172 (SOL) is capturing attention in the cryptocurrency market once again. According to assessments from CryptoCurb, Solana is expected to exceed $150 in the near term, potentially reaching as high as $2,000 in the long run. Significant increases in user activity and transaction volume on the network support this optimistic outlook, alongside the Solana ETF preparations currently underway in Canada.
Network Activity and Market Engagement Stand Out
The Solana network has achieved substantial engagement, with 28.4 million active addresses in the past week. The number of transactions surpassed 369 million, outpacing many competing platforms. This high level of activity is attributed to the network’s technically efficient low-cost and high-speed transaction capabilities. The growing integration of Web3 projects into the Solana network is emerging as a key foundation for this growth.
According to CryptoCurb, this level of on-chain activity and adoption recalls the growth dynamics seen in Ethereum 
$2,339’s past. Notably, the surge in users and transactions observed in Ethereum before its market valuation explosion mirrors what is now being witnessed in Solana. This scenario creates an impression of “early-stage potential” for investors.
Short-term Gains, Long-term Goals
Last week, SOL’s price increased by approximately 7%. During this period, daily transaction volume rose by 36%. These figures indicate strengthened investor interest and set the stage for a potential price jump. CryptoCurb suggests that Solana could reach levels of $150 in the short term and aim for an ambitious target of $2,000 long-term.
Currently trading around $140, if SOL reaches $2,000, it is expected to have a market cap of $1 trillion. This would position Solana as the only alternative cryptocurrency, aside from Ethereum, capable of achieving such a level. Key factors supporting this goal include increasing institutional interest, technological scalability, and global adoption, as noted by CryptoCurb.
Canada ETF Development and Institutional Interest
Preparations for launching the first Solana-based cryptocurrency ETF in Canada have generated excitement in the investment world. This development is said to potentially accelerate Solana’s price movements. With the ETF’s rollout, major investment funds and traditional finance players are likely to turn their attention to Solana.
In the cryptocurrency market, ETFs play a crucial role in legitimizing an asset and reaching broader investor demographics. In this context, the planned Canadian ETF for Solana is seen not only as a strategic development for price increase but also for its global acceptance.
Investors are closely monitoring the rise in on-chain data and transaction volume. Solana’s growth potential appears to strengthen its position, not only due to its technical structure but also its effects on the institutional finance world.
