In recent crypto headlines, Solana (SOL) seems to be on the rebound, making waves with a string of Solana futures market launches. This article will explore bullish analysts’ predictions for Solana after CME’s trading debut on March 17th and Volatility Shares launch of two Solana futures ETFs on March 20th.
While Solana makes a pivotal move into mainstream financial products, rising whale activity has been spotted around the young altcoin JetBolt (JBOLT). Flaunting zero-gas technology and other cutting-edge Web3 utilities, JetBolt’s presale is quickly reeling in crypto buyers and whales. Its ongoing presale has reported over 345 million tokens already sold, a feat that could potentially disrupt the current market landscape.
Amidst ETF news, can SOL’s price surge to $500 as some analysts have bullishly predicted? Meanwhile, what’s driving whale activity around JetBolt? Keep reading to find out.
Solana — Could SOL Smash the $500 Milestone Amidst ETF News?
Solana (SOL) has experienced a downtrend since late January along with the broad market’s dip. Negative market sentiment further sent SOL downhill as a slew of meme coin scams challenged the network’s credibility.
On March 17th, asset firm CME officially launched Solana futures trading. The debut garnered mixed market response, with some saying it underperformed and only modestly boosted SOL’s market valuation.
But recent news has put Solana back in the spotlight, as Florida-based Volatility Shares LLC launched on March 20th two Solana futures ETFs. The Volatility Shares Solana ETF (SOLZ) offers investors exposure to Solana futures contracts. On the other hand, the Volatility Shares 2X Solana ETF (SOLT) looks at delivering twice the daily return of Solana’s price.
Both funds are set to be listed on Nasdaq and have already been registered with the Depository Trust & Clearing Corporation (DTCC). Unlike spot ETFs that own the asset directly, these funds track Solana’s price using futures contracts traded on exchanges regulated by the Commodity Futures Trading Commission (CFTC).
The first of their kind in the U.S., this marks a significant moment for SOL as it gains increasing recognition in the traditional financial products regulated landscape. Amidst ETF news, discussions centering on the impact of these developments on SOL’s price have gained traction, with some analysts bullishly suggesting that SOL may surge to $500.
Post discussing the launch of Solana futures ETFs and its potential impact on the price of SOL, courtesy of Coin Flippers via X
Trading at $127.50 as of writing, SOL has gained 2% in the last seven days. However, from a technical stand point, SOL is still 56.3% away from its all-time high (ATH) of $293.31 achieved on January 19th. The Solana futures ETFs may boost SOL’s price in the long-term. For now however, the market will have to watch how SOL moves in the coming weeks amid volatile broader market conditions.
JetBolt — The Young Trailblazing Altcoin Generating Market Enthusiasm
While analysts are bullish on Solana, crypto buyers and enthusiasts are eagerly flocking to the rising altcoin JetBolt (JBOLT). Having sold over 345 million tokens already, JetBolt’s explosive presale is sparking hot crypto conversations, raising speculation about what’s driving its spiking momentum.
A key feature fueling JetBolt’s successful presale is its zero-gas technology, powered by the Skale network. This zero-gas model eliminates hefty gas fees, a timely solution to the long-standing challenge of unpredictable gas costs. Token holders get to enjoy fast, gas-free transactions within JetBolt’s network, facilitating broader Web3 adoption in the process.
In addition, JetBolt harnesses artificial intelligence to provide a modern AI-driven tool that aggregates market data and trending crypto news, delivering sentiment-based insights in an engaging news feed format.
JetBolt also stands out for its user-friendly Web3 wallet, which leverages WebAuthN and facial recognition protocols to streamline the onboarding process. This wallet also removes unnecessary complexities and third-party custody requirements.
Another step towards innovation is JetBolt’s Proof-of-Attendance and Worth (PAW) system, which rewards users with additional tokens not only for staking but also for interacting with others within the ecosystem.
Moreover, JetBolt offers perks during its presale, including exclusive Alpha Boxes that grant up to 25% bonus JBOLT tokens for batch purchases
By showcasing the tangible benefits of integrating cutting-edge technology into the Web3 space, JetBolt continues to enthrall the crypto community, marking it as one of the exciting new tokens igniting market interest.
Key Takeaways — Could SOL Surge to $500 Amidst ETF News While JetBolt Generates Market Enthusiasm?
As Solana attempts a notable comeback with its entry into mainstream financial products, market insiders are speculating on SOL’s future trajectory. Some analysts may have suggested a bullish target of $500, but hitting that seems uncertain at the moment. The recent launches of Solana futures ETFs signal renewed market confidence and interest, which could help boost SOL’s price in the long-term.
Meanwhile, JetBolt’s intensifying presale momentum underscores the excitement surrounding its groundbreaking zero-gas technology and advanced Web3 utilities. With over 345 million tokens sold in its presale, JetBolt is hooking buyers and enthusiasts from all over, signaling the entrance of an innovative challenger in the evolving crypto landscape.
For more details about JetBot’s defining features and exciting presale, head to the official JetBolt website today.
This content is not intended as financial or trading advice. Due to the highly volatile nature of the cryptocurrency market, trends can rapidly shift anytime. It’s essential to carry out your own research and assess market conditions before making any crypto-related buying or trading decisions.
