Solana (SOL) has displayed unbelievable development 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 worth fell to beneath $10 in late 2022. Since its 2022 lows, SOL has made fairly a comeback. The crypto is at present down by solely 5.7% from its all-time excessive of $259.96.
Solana Predicted To Breach The $500 Degree
In keeping with 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 chance SOL will surge to new highs.
Hitting $500 from present worth ranges will entail a rally of about 103%. In keeping with Changelly, SOL might breach the $500 degree in February 2028, just a little 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 tip of 2025. An SOL ETF might assist push the asset’s worth even additional.
The SOL community has additionally witnessed unbelievable development over the past yr. SOL-based memecoins are dominating the memecoin house. Initiatives like Pepe (PEPE), dogwifhat (WIF), Bonk (BONK), Popcat (POPCAT), and many others., have skilled stellar rallies in the previous couple of months. Many anticipate the SOL community to ultimately overtake Ethereum (ETH) as essentially the most utilized blockchain for crypto initiatives.
