Fidelity Expands Into Solana as Analysts Predict $500 Breakout

Fidelity Digital Assets has integrated Solana (SOL) trading and custody across its retail, institutional, and wealth-management platforms, marking a significant traditional finance adoption of a non-Ethereum blockchain. This move expands Fidelity's crypto offerings beyond Bitcoin, Ethereum, and Litecoin.

The integration occurs as Solana experiences a strong recovery post-FTX collapse, with its market capitalization exceeding $100 billion. Concurrently, market analysts are optimistic about SOL's price trajectory, suggesting that clearing the $200 barrier could lead to targets of $320–$340, and potentially $500 in the long term, supported by technical patterns like an ascending triangle.

Fundamental improvements, including the launch of cross-chain Tether USDt and Tether Gold on Solana, are also cited as drivers for institutional interest and long-term growth, leveraging Solana's speed and low costs for real-world asset tokenization.

(Source：BeInCrypto)