LINK Price Prediction: Could SOL ETF Approval Loom Under Donald Trump’s Presidency?

However, only the US Security and Exchange Commission (SEC) could determine whether an ETF of any sort could be launched. Notably, the security watchdog still puts Solana ETF aspirations in limbo.

Meanwhile, the Chainlink ecosystem is evolving with a groundbreaking collaboration with SWIFT and UBS Asset Management. The new partnership has triggered positive sentiments as its price experiences a bullish rebound. The LINK token has been trading around the $11 range, an uptick of 7.82% in the past 24 hours. Its trading volume has also increased by 86% in the same period.

SWIFT and USB Asset Management have partnered with the Chainlink network to launch a pilot for settling tokenized fund subscriptions and redemptions. Leveraging the SWIFT network, the project will enable the settlement of cryptocurrency transactions with fiat payment systems. It will involve roughly 11,500 financial companies from more than 200 nations.

In other words, the pilot will leverage technologies from the Chainlink network and SWIFT to enable direct payment processing. Following this announcement, the price of LINK witnessed a bullish rebound amid a wide market relief rally. Currently, the price of LINK has been trading around the $11.69 range, a 7.82% uptick in the past 24 hours. Moreover, Chainlink’s trading volume also saw an 86% increase in the same period to reach the $519 million milestone.

Notably, Chainlink is the 14th largest cryptocurrency by market capitalization, bolstering a market valuation of $7.33 billion. If the broader market maintains the current bullish momentum, the Chainlink token can add significant gains to its value. Experts see more bull runs for the altcoin due to these ongoing upgrades and diversified use cases that the network introduces each day.

Experts believe Donald Trump’s presidency could lead to changes in cryptocurrency regulations that benefit the broader market. They see his administration as crypto-friendly, which would likely clear the path for Solana’s ETF launch in 2025. Daniel Cheung, the co-founder of Syncracy Capital, has echoed this sentiment. In a post shared on X, he reiterated that the Republican win could have more implications for the crypto industry than ever anticipated.

Cheung’s sentiments have renewed investor confidence in the SOL token and could be among the reasons why the altcoin is surging. Regarding Solana ETF approval, the initial signs surfaced when Cboe filed its regulatory documents with the SEC in July. The firm sought to list VanEck’s and 21Shares’ potential spot Solana exchange-traded funds. They believe that Solana coin appears well-positioned to be the next crypto ETF.

With Trump’s administration, Solana could be viewed as a token, not a security, making its SOL ETF approval imminent. In the past 24 hours, Solana’s trading volume has spiked by 206% to $9.19 billion, with its market capitalization jumping to $87.53 billion. This sizable market share has placed the SOL coin as the fourth largest cryptocurrency, following Bitcoin, Ethereum, and Tether.

While Solana and Chainlink remain the strongest contenders on the blockchain, they aren’t the only ones doing big things in Q4. Several newer altcoins look promising right now, including presale tokens like the Lunex Network (LNEX), which has generated massive interest and has raised a staggering $2 million in less than a month indicating it’s popularity as the markets leading ICO!

Lunex Network is building a robust ecosystem with a next-generation Web3 DeFi trading exchange that would enable anonymous, seamless trading and swapping of cryptocurrencies across multiple blockchains. So far, Lunex is selling at $0.0019 at presale. Its ongoing presale won’t last much longer, so investors should capitalize on this low entry point before the price soars.

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Website: Lunex Network
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