Solana (SOL) has displayed unimaginable progress and robustness over the previous couple of years. The asset was among the many best-performing cryptocurrencies of 2023, rallying by greater than 1000% at one level.
SOL’s worth plummeted after the collapse of FTX in November 2022. The asset’s value fell to beneath $10 in late 2022. Since its 2022 lows, SOL has made fairly a comeback. The crypto is presently down by solely 5.7% from its all-time excessive of $259.96.
Solana Predicted To Breach The $500 Degree
In response to a report by Commonplace Chartered, SOL will outperform Bitcoin (BTC) and Ethereum (ETH) if Donald Trump wins the US Presidential election. The monetary establishment predicted SOL to rally by 400%, given Trump wins. Since Trump has been declared the winner, there’s a excessive likelihood SOL will surge to new highs.
Hitting $500 from present value ranges will entail a rally of about 103%. In response to Changelly, SOL may breach the $500 stage in February 2028, slightly over three years from now.
Telegaon analysts are extra bullish on Solana (SOL) than Changelly. The platform anticipates the asset to hit the $500 mark someday in 2026.
Matt Sigel, head of digital asset analysis at VanEck, anticipates a Solana ETF (Alternate Traded Fund) earlier than the top of 2025. An SOL ETF may assist push the asset’s value even additional.
The SOL community has additionally witnessed unimaginable progress during the last yr. SOL-based memecoins are dominating the memecoin area. Tasks like Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), Popcat (POPCAT), and so on., have skilled stellar rallies in the previous couple of months. Many anticipate the SOL community to ultimately overtake Ethereum (ETH) as probably the most utilized blockchain for crypto initiatives.
