Solana Will Reach $400 by November: Expert

Solana is predicted to rise to $400 by November 2024, driven by a surge of meme coins related to the US election campaign, according to Ryan McMillin, Chief Investment Officer of Merkle Tree Capital, as reported by DL News.

McMillin highlighted that assets like Jeo Boden (BODEN) and Doland Tremp (TREMP) have already helped Solana surpass Ethereum in trading volume, and he believes this trend will persist in the coming months. The price increase in meme tokens has notably coincided with Donald Trump, a presidential candidate, expressing support for cryptocurrencies.

“Solana could grow to $400. The movement will support more liquidity flowing into the market as the US Treasury takes steps to strengthen the economy,” McMillin stated.

He emphasized the restoration of investor confidence in digital assets. “While memes can be a funny and short-term speculative tool, they pave the way for other, more sustainable use cases like RWA tokenization,” he added.