Bloomberg ETF analyst Eric Balchunas recently made a positive adjustment to the approval prospects for the Solana (SOL) ETF. He raised the approval probability from the previous 95% to 100%, a assessment that reflects the market's almost complete lack of doubt about the approval of the SOL ETF.

As the approval of the ETF becomes increasingly certain, investors and market analysts are closely watching the future price trend of SOL. Although specific numbers are difficult to predict, it is generally expected that SOL is likely to test its historical highs in the short term.

In the long run, some optimistic market participants even predict that SOL may challenge the $600 high during the next round of the cryptocurrency bull market. While this expectation is exciting, investors should still be cautious and fully consider the volatility of the market.

It is worth noting that even in a bear market environment, SOL is considered a worthwhile asset to hold. This view stems from the continuous development of the Solana network in blockchain technology and applications, as well as its important position in the cryptocurrency ecosystem.

However, investors should conduct thorough research and consider their own risk tolerance before making any investment decisions. The high volatility of the cryptocurrency market means that even projects that are viewed favorably may face significant price fluctuations.