Will This 1 New Catalyst for Solana Be a Game Changer?

Solana (CRYPTO: SOL) is already one of the most dynamic blockchains in crypto right now, and it just got exposed to yet another catalyst that could start to boost its price as soon as later this month. Given that during the past 12 months its price is up by out 70%, investors are doubtlessly excited to know how high it could go, and whether this new potential catalyst is going to increase their returns even more.But before rushing to buy more of this coin, it's important to know if the development in question is actually going to be a game changer, or whether it's just another positive drop in an ocean that's given investors many reasons to buy already. So let's explore what could happen and how significant this potential event could be.Per a new filing on Jan. 30, Coinbase Global wants to provide trading for Solana futures contracts, which it hopes to launch by Feb. 18. If the U.S. Commodity Futures Trading Commission (CFTC) approves, the new security will be offered as a financial derivative on Coinbase's platform. Given that the new presidential administration has been fairly pro-cryptocurrency so far, it seem probable that the application will be granted, and that the futures will start trading in the near term.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool