The cryptocurrency market has witnessed a significant surge in Solana's price, attracting the attention of investors worldwide. Following a remarkable drop in 2022, Solana's price has rebounded, surpassing $100 and even touching $200 during the meme coin frenzy in March. The current market trend has Solana trading at $148.7, a 9% increase in the last 24 hours, with a weekly growth of over 10%.

The recent ETF application in Canada and VanEck's submission to the Securities and Exchange Commission (SEC) have contributed to Solana's price rise. This development has created a buzz in the market, leading to increased interest in Solana. The cryptocurrency market has responded positively, with a 0.67% increase, reaching a total value of $2.29 trillion.

Solana's market capitalization has also seen a significant boost, currently standing at $68.5 billion. The 24-hour trading volume has surged by 52%, reaching $2.73 billion, indicating intense interest in Solana. Investors are now eager to see if Solana can surpass the $100 billion market capitalization mark again.

The impact of ETFs on the market cannot be overstated. They have become an attractive option for individuals and institutions looking to enter the crypto market. The approval of Spot Bitcoin ETFs in January led to a significant increase in Bitcoin's price, reaching an all-time high. Similarly, the potential approval of Spot Ethereum ETFs in July is expected to positively impact Ethereum's price. Solana's ETF applications may have a similar effect, attracting institutional investors and driving up demand.

In conclusion, Solana's price surge has captured the attention of investors, and the market is eagerly watching its next move. With ETF applications and increased interest in Solana, the cryptocurrency market is expected to remain volatile. As the market continues to evolve, investors must conduct thorough research and stay informed to make informed decisions.