An analysis of the current cryptocurrency market reveals that Solana, TRON, and NEAR remain in the spotlight as analysts express optimism about their future prospects.
Odds of Solana ETF Approval Rise
The discussion surrounding the **Solana ETF** is becoming more prominent. Bloomberg analysts have increased the likelihood of approval from 70% to 95%, indicating a possible SEC decision as early as this October. Furthermore, prediction markets such as Polymarket have placed the odds even higher—nearly 99%.
The launch of the **REX-Osprey Solana + Staking ETF (SSK)** in July marked an important milestone, being the first Solana-linked product in the U.S. This ETF offers a staking yield of about 7.3% with a 1.4% fee. The SEC's new standardized listing guidelines have also shortened review times, creating favorable conditions for upcoming crypto ETFs.
TRON Expands Utility Through Partnerships
Analysts are also highlighting **TRON (TRX)** thanks to its efforts in cross-chain liquidity and real-world integrations. TRON's partnership with Everclear allows for seamless stablecoin rebalancing without centralized exchanges.
Additionally, TRON's collaboration with Kraken and BackedFi has enabled tokenized equities—known as xStocks—to be launched on its blockchain. The launch of the TRUMP token using LayerZero technology has also captured attention for TRON.
NEAR Cuts Inflation and Boosts Institutional Support
**NEAR Protocol** has garnered attention from analysts through technical upgrades and institutional investor support. The protocol recently halved token inflation from 5% to 2.5%, easing sell pressure and rewarding long-term holders.
Bitwise has launched a NEAR Staking ETP on Germany's Xetra exchange, allowing investors to gain exposure to yields without directly managing tokens. Partnerships with Everclear have reinforced NEAR's position in DeFi, while daily swaps through NEAR Intents have surpassed 1.2 million.
The discussions surrounding Solana, TRON's growing integrations, and NEAR's institutional support highlight their presence in analysts' bullish watchlists. The cryptocurrency market continues to monitor these tokens with hopes for their future development.
