Crypto Price Predictions as Bloomberg Bullish on Major Altcoin ETFs: Solana, Litecoin, Dogecoin
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, and whale investors have added 250,000 LTC to their holdings since January.
According to analysts, a spot LTC ETF could bring in $290-580 million in the first 12 months.
Litecoin’s status as a Bitcoin fork also gives it a regulatory edge, as the SEC already views it as a commodity.
This clarity makes approval much more likely compared to other altcoins.
In the short term, as LTC regains its footing, it could range between $120 and $150.
However, if an LTC ETF is approved, a possible year-end price target could be as high as $250.
Dogecoin ETF Could Attract $5B in First Year & Push DOGE to $1
Dogecoin’s 5% dip in the past 24 hours doesn’t tell the whole story, as the prospect of a DOGE ETF has many investors optimistic.
Bloomberg analysts give it a 75% chance of approval, making it the first meme coin to be approved for an ETF.
Analysts predict and ETF would bring $3-5 billion in inflows in the first year alone.
Given DOGE’s huge $37.5 billion market cap, that would be impressive.
As with Litecoin, the SEC is likely to classify it as a commodity, simplifying the approval process.
Dogecoin also has strong momentum building behind the scenes.
Over 2,000 merchants now accept DOGE worldwide, including Tesla, and whales have added 510 million DOGE to their holdings since January.
Ultimately, we might see DOGE trade around $0.30 in the near term, given all the bearishness around meme coins right now.
However, if a spot DOGE ETF were approved, the coin could rally as high as $1 – a 4x increase from here.
How Spot Crypto ETFs Could Boost New Projects like Solaxy & BTC Bull Token
Potential ETF approvals don’t just benefit the big coins; they could also create opportunities for smaller projects.
Institutions investing in cryptos through ETFs often has a knock-on effect, boosting overall market confidence.
It also encourages investors to explore other parts of the ecosystem.
Solaxy (SOLX), a brand new Layer-2 project for Solana, could benefit.
A SOL ETF approval could massively increase Solana’s DeFi TVL, likely increasing the demand for Solaxy’s services.
As a Layer-2 solution, Solaxy aims to boost transaction speeds and reduce costs on Solana, making it key to the blockchain’s growth.
Early investors can currently buy SOLX tokens in presale for $0.001632 each.
But the team at 99Bitcoins believes this price could 100x once SOLX hits exchanges later this year.
Another project that could capitalize is BTC Bull Token (BTCBULL).
Any increases in BTC’s price could drive traders towards projects like BTC Bull Token as a way to gain exposure.
The system failed us. So we created a new one. BTCBULL is leading the charge. 🐂🔥 pic.twitter.com/DSoZ7fPzt8
— BTCBULL_TOKEN (@BTCBULL_TOKEN) February 11, 2025
That’s because holders of BTCBULL receive Bitcoin rewards every time the coin hits a key price milestone.
So, the better that Bitcoin performs, the more rewards BTCBULL holders receive.
This direct correlation between BTC Bull Token and Bitcoin’s performance makes it a great option for those looking to take advantage of Bitcoin’s growth.
Like Solaxy, BTC Bull Token is still in presale and has raised over $800,000 so far.
Overall, the future looks bright for Solaxy and BTC Bull Token – and spot crypto ETF approvals could make it even brighter.
