The latest bloodshed in the cryptocurrency market hasn’t spared anyone. Solana (SOL) was no exception. The asset witnessed a nearly 20% drop over the past seven days. But, throughout the last day, SOL hasn’t been falling as much as the rest of the market. This could be due to DTCC’s listing of the very first SOL futures ETF. Can the asset bank on the momentum and reach a new peak, or will SOL take longer to jump toward the $700 mark?
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Solana’s Current Market
SOL has been one of the biggest losers of February 2025. The asset recorded a massive downfall of 41% throughout the past 30 days. Earlier this month, Solana was priced at a high of $244.33 before falling to a low of $130.69. At the time of writing, the altcoin was trading at $141.02 following a slight gain of 0.33% over the past 24 hours.
The Depository Trust & Clearing Corporation (DTCC) recently listed Solana futures ETFs. This further gave the market new hope and could have contributed to Solana’s modest recovery. The latest listing is created to provide exposure to Solana’s futures market. This includes the recently launched Volatility Shares 2x Solana ETF (SOLT) and Volatility Shares Solana ETF (SOLZ). Institutional adoption of these ETFs requires that they be added to DTCC’s platform. This indicates that they are qualified for clearing and settlement through the US financial system.
JUST IN: First Solana $SOL ETF listed on the DTCC. pic.twitter.com/vr9HCpFzBH
— Watcher.Guru (@WatcherGuru) February 27, 2025
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2030 Price Prediction
The chances of Solana reaching $700 in the next five years were bleak, according to data from CoinCodex. The firm revealed that the altcoin will surge to a high of $ 583.32 in the year 2029. This is a 313% rise from the asset’s current price. In addition, in the year 2030, Solana is expected to trade in a range of $203.70 to $403.33. This comes with an average yearly price of $262.84.
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