Professional analysts expect SOL to gain value up to $300 because of growing market enthusiasm surrounding the Solana ETF approval. The demand for Solana would rise as a result of the institutional investment that would be made possible by this possible regulatory approval.

On-chain data shows the 7-day average transaction fees on Solana have outpaced Ethereum amid the weakening dominance of SOL in February.

The Solana price soared over 15% in the last 24 hours as this layer-2 crypto presale storms towards $18 million.

Unmatched fundraising success saw the platform gather over $38.5 million through presale while distributing over 411.1 million RXS tokens to underwriters.

With Solana regaining momentum, bulls anticipate a bounce back from $200 to cross above the $250 psychological milestone?