The post 3 Solana Rivals Ready to 100x After SOL ETF appeared on BitcoinEthereumNews.com.

Solana price has surged this week, and the rising odds of a SOL ETF may push it higher this year. One way of taking advantage of SOL’s price action is to invest in top Solana rivals that could replicate its success this year. Let’s explore some of the best Solana competitors to buy and hold ahead of the approval. Solana ETF odds Top Solana Rivals For 100x Gains Some of the best Solana alternatives to invest in ahead of the Solana ETF approval are Avalanche (AVAX), Polkadot (DOT), and Chainlink (LINK). These coins may do well as Polymarket data shows that the odds of a SOL ETF approval are high. Avalanche (AVAX) Avalanche is one of the top Solana rivals with solid metrics in its ecosystem. Data shows that Avalanche has 419 DeFi dApps in its ecosystem compared to Solana’s 192. It is also a big name in the decentralized exchange (DEX) and non-fungible industries. Most importantly, Avalanche has a staking yield of 8% compared to Solana’s 7%.  AVAX price also has solid technicals now that it has formed a double-bottom pattern and a falling wedge. That is a sign that it will stage a strong comeback this year. Their argument is that the SEC may approve an AVAX ETF if it accepts a Solana ETF since the two are mostly similar. Avalanche Price Chart Polkadot (DOT) Polkadot is another quality blue-chip Solana rival to buy. The main reason is that the network is going through major changes this year. Some of these include making the DOT token the only coin for all its parachains. It will also reduce the number of staking days to 2 from 30 and introduce Ethereum Virtual Machine (EVM) compatibility.  Like with Avalanche, a SOL ETF approval means that the SEC will have no justification…

---

Filed under: News - @ January 18, 2025 5:27 am