The cryptocurrency market is embracing change. The sudden explosion of funds traded on exchanges (ETFs) has attracted global attention. Recently, Canada has been seen on board after it became the first country to launch a Solana ETF spot. However, the news made little difference to Altcoin’s prices. However, the community looks forward to seeing assets rise in the coming days.
Is Solana stagnant or has he begun recovery?
Sol has achieved his best performance throughout the past year. Altcoin jumped from a low of $96.59 to a new high of $294.33. This surge was praised by the market as a whole. However, Sol has failed to hold over $200 and is currently in the $150 zone. To my surprise, the asset plunged to a low of $96.59 last week, under $100. This has created disruption in the market, but investors want to witness some rest.
At the time of writing, the sixth largest cryptocurrency was trading at $132.53. Over the past 24 hours, Solana barely recorded any major increases or falls. Sadly, assets are 55% below their peak.
The Canada Solana ETF is scheduled to be released on April 16th, 2025. The Ontario Securities Commission (OSC), a Canadian financial watchdog, has given permission by some of the country’s leading investment companies to list these exchange trade funds (ETFs). These businesses include 3IQ, CI Global Asset Management, Evolve ETFs and Objective Investments.
Price forecast for April 20th
According to Concodex data, Solana will withstand a rough patch before witnessing a slight rise on April 20th. The company announced on April 19 that Altcoin will trade at a maximum of $135.22 after a 1.51% rise. The next day, Sol will be priced at $134. This indicates an increase inty from the current price level.
