Although Solana is often discussed in the same breath as Bitcoin and Ethereum, it hasn’t yet reached their level of mainstream investor interest or explosive price action.
That said, a recent development could very well put Solana next in line for its institutional moment.
ETF analyst Nate Geraci noted that a flurry of applications for Solana exchange-traded funds (ETFs) with staking were filed on Friday.
The applications came from some of the biggest names in the industry, including Franklin, CoinShares, Bitwise, Fidelity, Grayscale, Canary, and VanEck.
Most interestingly, Geraci pointed out that these ETFs could be approved within the next two weeks.
Read on as we unpack Solana’s brewing ETF momentum, what it could mean for the token and its price, and why buying Snorter Token ($SNORT) could be the best way to ride this rally.
ETF Approval: The Missing Catalyst for Solana
As mentioned earlier, Solana hasn’t yet unlocked the level of mainstream success that Bitcoin or Ethereum enjoy, and that could be a gap waiting to be filled.
Asset managers at Pantera Capital highlighted that ETF launches accelerated adoption of BTC and ETH, and the same could be the case with Solana.
Currently, Bitcoin has 43 ETFs and 165 public companies holding BTC, while Ethereum has 21 ETFs and 16 public companies holding ETH.
Compare this to Solana, which is still in its early days – there isn’t a comparable Solana ETF yet, and only 5 public companies currently hold SOL.
With institutions under-allocated to SOL relative to BTC and ETH, a Solana ETF approval could be the spark this token needs to realize its full potential.
Now here’s the kicker: investing directly into Solana is undoubtedly the most obvious way to benefit from the crypto’s bright future.
That said, in crypto, the success of these mainstream blockchains often ends up spurring the growth of related tokens.
With that in mind, Snorter Token ($SNORT), which is arguably the best Solana meme coin at the moment, stands to benefit the most from the crypto’s upcoming rally.
Snorter is a trading bot currently in development that aims to give meme coin traders the ultimate tool to go toe-to-toe with the institutional players who currently dominate the space.
Snorter Is Changing the Meme Coin Trading Space
What is Snorter Token? $SNORT is the native cryptocurrency of the Snorter Telegram Bot, which stands out thanks to its sub-second swiping and rock-solid security infrastructure.
For starters, it lets you place buy and sell, limit, and stop orders well before liquidity kicks in for a new meme coin.
And when it finally does, it automatically executes those orders almost instantaneously. This allows you, a retail participant, to finally ride those initial meme coin pumps, which are easily the most profitable.
Consider why this is game-changing: up until now, institutional players with advanced tools and algorithms ate up all the liquidity, and therefore all the profits, leaving nothing for the average person.
Snorter changes this game and finally brings parity to the meme coin market, which has grown over 25% in just the last year and could arguably be the biggest beneficiary of crypto’s expanding footprint.
This is also why, according to our Snorter Token price prediction, the token could reach $0.94 by the end of 2025.
That means if you invest $100 into the token right now – while it’s in presale and available at super low prices – you could potentially walk away with $900 in just a few months.
Snorter Offers Top-Notch Security & Ease of Use
Snorter’s security is a thing of beauty. It’s laced with features to protect you against all big and small on-chain threats, from front-running and rug pulls to honeypots and even sophisticated sandwich attacks.
On top of that, it’s also one of the easiest-to-use trading bots available right now.
Since it’s based on Telegram, all you have to do to place your orders is send commands (which are essentially messages) in the familiar Telegram chat interface.
It’s also worth noting that Snorter comes with a handy copy-trading feature.
As the name suggests, it lets you connect your wallet to that of seasoned blockchain traders, meaning every trade they take will also be mimicked on your own account, without you having to lift a finger.
This allows you to make some decent profits in a hands-off manner. That said, it’s very important to choose the right expert to copy-trade your account.
We also suggest thinking of this feature as a form of guidance – something to help you learn – before you begin trading independently.
Buy $SNORT Now for Maximum Gains
Buying Snorter Token would give you front-row seats to the bot’s growth, which has all the potential to follow an explosive curve, given the growing legitimacy around meme coins and the number of people now viewing them as serious trading instruments.
Even better, if you’re a $SNORT holder, you’ll unlock exclusive benefits while using the trading bot. These include:
- No daily sniping limits
- Access to advanced analytics
- Reduced trading fees of just 0.85% (compared to 1.5% charged to non-holders)
- Staking rewards currently yielding 114%
This new cryptocurrency project is currently in presale, having already raised over $4.1M from early investors.
Arguably the best part is that each token is still available for just $0.1063. Interested? Here’s our detailed guide on how to buy Snorter Token.
Visit Snorter Token’s official website to learn more about its benefits, roadmap, and tokenomics.
Disclaimer: Crypto investments are highly risky. None of the above constitutes financial advice, so kindly do your own research before investing.
Authored by Krishi Chowdhary, Bitcoinist – https://bitcoinist.com/solana-staking-etfs-approval-in-2-weeks-why-snort-biggest-beneficiary
