Solana Futures (SOL) started at Chicago Mercantile Exchange (CME) on March 17, when trading volume reached $ 12.1 million on the first day, which triumphed over Bitcoin (BTC) and ETHEREUM (ETH) CME FUTERES.
CME Crypto Futures compared to Vele Lunde. Source: x.com
Vetle Lunde, Head of search at K33RESEARCH, comparison The difference between Bitcoin (BTC), Eter (ETH) and Solana (Sol) CME FUTERES Trading Legractures on the launch day, and it is clear that the size of Sol CME FUTERES came to much less than its competitors.
However, Longy pointed out that if the sizes of nature are evaluated to the maximum market, the launch of the Sol “is more than the two.”
Was Sol Cme Futures Dud launched?
Throughout the current bull market, ETF's instant approvals, future CME contracts are constantly reinforced by investor morale and put the wind behind different sails of encrypted currencies. Comparing the naturally modified sizes of the differences in the maximum market in BTC, ETH and Sol on the first day of CME FUTERES trading provides a more just comparison analysis.
The normal size measures trading activity in relation to the maximum coding market, providing a transparent evaluation across different cryptocurrencies. This scale is valuable because it allows the understanding of institutional participation in relation to the maximum market market in the encryption assets.
Comparing the normal size. Source: Cointelegraph
As shown above, Bitcoin has the highest normalization volume with 0.0319 %, while ETH and SOL are 0.0173 % and 0.0166 % respectively. The largest normalization volume indicates a high interest of investors for each unit or market ceiling for Bitcoin.
In addition, the similarity between the usual ETH's and Sol sizes (about 0.017 %) indicates that the Solana trading scale is similar to the difference in trading volume of more than $ 20 million on the first day between ETH and Sol's CME future.
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Will Sol Cme Futures follow the performance of ETH or BTC?
In the wake of the appearance of Bitcoin CME futures on December 18, 2017, BTC decreased by 26 %, and decreased from $ 19,000 to $ 14,000 by December 31, 2017. The correction continued until 2018, representing the beginning of the collective encryption market.
Bitcoin, ethereum and Solana CME launch, price reaction. Source: CointeleGRAPH/TradingView
The ether price scored 150 % to the highest new level ever at 4,384 dollars, 93 days after the launch of CME Futures on February 8, 2021. After the highest new level ever, a sharp correction occurred, but Altcoin was moved again at the end of 2021 to achieve its highest level at 4,867 dollars in November 2021.
Looking at Bitcoin and ETH prices, the Sol price may have a less enthusiastic gathering. The absence of an upward price movement after the launch of CME futures indicates that the investor is not excited.
However, from a long -term perspective, the presence of Sol in CME increases the Solana liquidity opportunities and the discovery of prices from Solana as it attracts institutional participation. The broader impact can be revealed over time as the best market conditions, up expectations for upward price revenues and favorable revenues.
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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