Solana's price experienced stabilization on January 28, recovering from losses earlier in the week when Bitcoin and other altcoins saw a decline. The Solana coin, or SOL, is encountering several potential catalysts that might drive its price upwards in the long term. Notably, the approval of an ETF and the possible inclusion into the Strategic Bitcoin Reserve (SBR) are significant factors that could positively impact its future value.
If Solana enters SBR, it could further enhance investor confidence and potentially lead to price appreciation. These elements collectively present promising prospects for Solana's price trajectory in the future.