Solana: Will Sol be able to hit $700 by 2030?

Table of Contents

The latest bloodshed in the cryptocurrency market has spared no one. Solana (Sol) was no exception. The asset has dropped nearly 20% over the past seven days. However, throughout the last day, Sol has not declined as much as other markets. This may be due to DTCC’s first list of Sol Futures ETFs. Will the asset bank reach the bank with momentum and reach a new peak, or does it take Sol to jump towards the $700 mark?

Also Read: Nvidia’s fourth quarter revenues surge from 78% to $3.93 billion as AI demand explodes

Current market in Solana

Sol is one of the biggest losers of February 2025. The asset has recorded a massive downfall of 41% over the past 30 days. Earlier this month, Solana fell to a low of $130.69 after being sold at a high of $244.33. At the time of writing, Altcoin had traded at $141.02 after a small profit of 0.33% over the past 24 hours.

Depository Trust & Clearing Corporation (DTCC) recently listed Solana Futures ETFS. This could have further given the market new hope and contributed to Solana’s modest recovery. The latest list is created to provide exposure to Solana’s futures market. This includes the recently launched Solana ETF (SOLT) with double the volatility share and volatility stock Solana ETF (Solz). The institutional adoption of these ETFs must be added to the DTCC platform. This indicates that they are eligible for liquidation and settlement through the US financial system.

Just In: First Solana $ sol ETFs listed in DTCC. pic.twitter.com/vr9hcpfzbh
– watcher.guru (@watcherguru) February 27, 2025

Also Read: Cryptocurrency: 3 coins you can buy at discounted rates

2030 Price forecast

According to Concodex data, the chances of Solana reaching $700 over the next five years were bleak. The company has revealed that Altcoin will surge to a high of $583.32 in 2029. This is up 313% from the current price of the asset. Additionally, in 2030, Solana is expected to trade between $203.70 and $403.33. This comes with an average annual price of $262.84.