The post Crypto Price Predictions as Bloomberg Bullish on Major Altcoin ETFs: Solana, Litecoin, Dogecoin appeared on BitcoinEthereumNews.com.

The crypto ETF space is changing – which could have a major impact on Solana, Litecoin, and Dogecoin. Bloomberg analysts James Seyffart and Eric Balchunas, known for their spot-on Bitcoin ETF call, are predicting a surge in approvals. They point out that the current SEC environment is much more favorable, giving altcoins like Litecoin a real shot. In this article, we’ll explore what these potential ETF approvals could mean for SOL, LTC, and DOGE. Solana ETF Odds Hit 76% as Analysts Project $520 Price Target Even with a recent dip to $195, Solana’s future is looking bright – especially given the possibility of a spot ETF.  Bloomberg analysts are giving a SOL ETF a 70% chance of approval in 2025, and the potential upside is enormous. VanEck’s models predict a 166% rally, pushing SOL to around $520 later this year. So, why the optimism? It’s mainly due to Solana’s fundamentals. Weekly transaction volume recently rocketed over 400% to $140 billion, and Solana-based apps earned $840 million in Q4 2024 alone. A successful spot ETF launch could also attract $3-8 billion from institutional investors, similar to Bitcoin’s ETF, but potentially even more impactful given Solana’s importance in DeFi. In terms of price, we might see SOL hover around $200 in the short term due to token unlocks. But if SOL can break through resistance around $270 and an ETF goes live, VanEck’s $520 prediction might not be so far-fetched. Litecoin Leads Altcoin ETF Race with a 90% Chance of Approval While Litecoin has dipped to $117, down 9% in the past day, a potential ETF approval could shake things up. Bloomberg’s team is highly confident about an LTC ETF, giving it a 90% chance. This confidence is fueled by Litecoin’s strong market performance. Open interest surged to over $530 million yesterday,…

---

Filed under: News - @ February 13, 2025 4:23 pm