Solana Price Prediction: Will SOL Price Return Above $200 as CME announces launch of Solana futures

Solana (SOL)'s price surged to $178.17 on March 3rd following its potential inclusion in the new-to-be-created U.S. strategic crypto reserve. The whopping gain, though, was brief. On the next day, President Donald Trump affirmed the 25% tariff on Canadian and Mexican imports, causing market unease that had SOL trace back and fall into a $133.46 bottom.

While Solana faces volatility, the rising altcoin JetBolt (JBOLT) continues to storm through the crypto realm, flaunting its groundbreaking zero-gas technology and AI utility. JetBolt’s momentum is building, having sold over 340 million tokens in its presale. 

As the market grapples with troubles and uncertainties, the question hangs: will SOL's price re-emerge above $200? And is JetBolt flashing bullish signals with its explosive presale momentum? Read on to learn.

Could SOL Reach Past $200 Soon as CME announces new Solana futures?

The U.S. government’s decision to include Solana (SOL) in the crypto reserve reflects a vote of confidence in the network's capabilities and long-term prospects. On the heels of President Trump’s announcement, SOL surged to an intraday high of $178.17 on March 3rd, jumping 27% from its previous day’s $140.68 rate. 

But on March 4th, President Trump placed a 25% tariff on Mexican and Canadian imports and another 10% on Chinese imports, shortening SOL's rally. This has again sparked fears of an impending trade war, fueling uncertainty that caused market melt downs.

In response, Solana's price fell to a low of $133.46, then recovered slightly to its current price of $145.03. This week, SOL's market cap also fell to $74.03 billion, while its trading volume is down by 36% over the last 24 hours.

As a plus for Solana, the Chicago Mercantile Exchange (CME) Group announced the launch of Solana futures contracts on March 17th, pending regulatory approval. Further, the Depository Trust and Clearing Corporation (DTCC) has listed the initial Solana-based futures exchange-traded funds (ETFs) officially: the Volatility Shares Solana ETF (SOLZ) and the Volatility Shares 2x Solana ETF (SOLT).

SOL's price might be supported by these advancements. Yet, breaking $200 in the near future might not be possible to accomplish yet, since some experts indicate that SOL must break the $167 key resistance level before restoring the bullish trend. Solana will need to discover support and change the selling pressure to stabilize and, in turn, make its move towards reaching new highs.

Is JetBolt’s Hot Presale Reflecting Bullish Signals?

As Solana charts its course toward new heights, a rising star in the altcoin arena is making significant strides in the Web3 landscape: JetBolt (JBOLT). With innovative features that redefine blockchain interaction, JetBolt is setting the stage for a next-generation experience.

In a world where users usually struggle with excessive gas prices, JetBolt provides zero-gas transactions via its innovative zero-gas technology. Not only does zero gas technology free daily users from the cost factor but also allows developers to experiment with decentralized applications (dApps) without worrying about the volatility of gas prices.

When blockchain is deeply intertwined with AI technology, JetBolt has rightly integrated an AI-powered tool which collects trending Web3 and crypto news—all marked based on the sentiment of the market.

JetBolt revolutionizes the experience of staking as well, by introducing the social aspect. Users can collect bonus tokens through participation on the platform while they stake their JetBolt tokens. This special model turns the staking into a socially-participated endeavor from a solitary one.

To amplify the excitement surrounding its presale, JetBolt has enticing perks in store for early buyers, such as the chance to receive up to 25% extra tokens through special Alpha Boxes or token batch purchases.

With these great features and a compelling presale, JetBolt has already sold more than 340 million tokens since going live. This traction demonstrates the growing interest in tech projects with crypto-world uses, with glowing adoption for fresh innovative tokens such as JetBolt.

Key Takeaways: Will SOL’s Price Return Above $200 following Chicago Mercantile Exchange’s new announcement? 

As Solana faces these troubled waters, market experts and investors alike will be watching with interest to see if SOL will regain traction and breach the $200 mark. Being part of the crypto reserve can provide a stamp of legitimacy to Solana in the eyes of large investors and retail participants. With market conditions in flux and factors beyond its control at play, however, SOL's mettle will be tested in the next few weeks.

Conversely, JetBolt is quick to pick up pace, presenting its cutting-edge technologies and impressive presale interest. With its building momentum, JetBolt is becoming a promising contender in the crypto market, flashing indicators of a new dawn of blockchain engagements.

Find out what’s fueling the heat in JetBolt’s presale activity by visiting the official JetBolt website today. 

This piece does not offer financial advice or guidance. Be aware that the cryptocurrency market is extremely volatile, and every cryptocurrency involves substantial risks. It's crucial to independently perform extensive research prior to making any decisions to purchase or trade crypto assets.