• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

CME Group Announces Solana Futures Ahead of February

user avatar

by Giorgi Kostiuk

3 months ago


CME Group is preparing to launch Solana futures, potentially starting February 10, while analysts forecast an ETF launch and note changes in the cryptocurrency's price dynamics.

CME Group Introduces Solana Futures

CME Group has introduced a Solana futures page on their staging domain, signaling a potential launch on February 10. The website outlines two options: SOL Futures with a contract size of 500 SOL and Micro SOL Futures with a smaller contract size of 25 SOL.

Analyst Predicts Solana ETF Launch

Analyst Ali has forecasted the launch of a Solana $SOL ETF by March. According to the charts, Solana price has been trading within a Rounded Bottom pattern since late 2021. However, the altcoin’s price continues to face challenges in breaking through the pattern's neckline. Ali has set a price target of $4,700, calculated by adding the pattern's distance to the potential breakout point.

Solana Price Dynamics and Market Trends

According to Santiment, Solana has seen a 12.3% increase in the past 36 hours. This surge has been supported by the buzz around meme coins like #Trumpcoin, which has sparked divided trader opinions and retail panic over transaction delays. As retail traders offloaded their holdings over the last few days, whales and sharks have taken advantage of the situation, accumulating the coins being sold off. On the 4-hour chart, Solana is trading inside the triangle pattern after forming a high near $295. The support is seen near $245, a break will take the altcoin towards $230 or even $200. However, a positive breakout above $265 can open the door for $300 or $500.

The launch of Solana futures by CME Group and analysts' forecasts stir interest in the cryptocurrency. Price dynamics and market trends remain at the center of attention for investors and analysts.

0

Share

Other news

Success Secrets: How an Ethereum Trader Turned $250 into $20 Million with PEPE and What’s Next?

The Ethereum trader who made millions on PEPE announces a new AI-based meme token, FloppyPepe.

user avatarGiorgi Kostiuk

4 minutes ago

BTFD Coin Presale Ends May 26: 5 Cryptos to Watch for 1000x Potential

BTFD Coin presale ends on May 26. Explore 5 cryptocurrencies with high growth potential.

user avatarGiorgi Kostiuk

6 minutes ago

MAGACOINFINANCE: Crypto Investors Turning Attention to New Token

The cryptocurrency MAGACOINFINANCE is drawing attention as XRP and Solana continue to show strength.

user avatarGiorgi Kostiuk

22 minutes ago

AI Agents from Unstaked: Revolutionizing Crypto Usage

Unstaked introduces AI agents that promise automation and real results for users in the crypto world.

user avatarGiorgi Kostiuk

26 minutes ago

Michael Saylor: BlackRock IBIT Could Become the Largest ETF in the World

Michael Saylor predicts BlackRock's Bitcoin ETF will rank first among ETFs within ten years.

user avatarGiorgi Kostiuk

43 minutes ago

DeFi Development Corp Plans to Raise $1 Billion for Solana Token Purchases

DeFi Development Corp files with SEC to raise $1 billion targeting an increase in its Solana token holdings.

user avatarGiorgi Kostiuk

43 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.