$SOL Returns to the Main Stage: Breaking Through the Mist, Challenging $500 by Year-End is Not a Dream
Just when the market thought Solana would lose its luster to L2 and ZK tracks, it quietly completed the strongest counterattack. On one hand, the Solana Foundation partnered with UK blockchain software company R3 to successfully attract traditional banks into its ecosystem; on the other hand, the world's largest financial derivatives exchange, CME, announced the launch of Solana futures, injecting a massive amount of compliant capital into the market.
And that's not all. Franklin Templeton even added fuel to the fire by formally applying to the SEC for a Solana ETF, leaving the entire market in awe. All of this indicates that Solana is no longer just a speculative tool in the crypto space but a financial instrument.
From a technical perspective, the SOL price has recently stabilized above the upward trend line, with a key support point in the $160 range. If the macro market warms up, especially with the ETH spot ETF driving funds into mainstream public chains, then challenging $500 by year-end for SOL is just a baseline expectation.
Let’s not forget, its previous high was around $259, and this time it has the backing of traditional finance's 'arsenal'. A bull market is here, every sector will rise, but only a few leaders will double. Solana is the one most likely to experience a secondary explosion among the leaders.
