Solana (SOL), with its notable uptick over the past year, has emerged as a prominent asset in the market. SOL grew by nearly 300% throughout 12 months. The asset went from trading at a low of $55 about a year ago to a high of $263.83. This growth has further led the community to believe that it could reach $500 in the coming year.
Solana’s Current Price Level
The entire cryptocurrency market was painted red over the past day. Several assets, including Solana, witnessed a major setback. At press time, the altcoin dropped by over 8% throughout the last 24 hours. SOL was trading at $231.65. The asset is trading 12% below its peak, which it attained about three days ago.
At Solana’s current price level, several investors are bullish about the asset. Out of 142715 votes on CoinMarketCap, 87% were positive about the altcoin reaching a higher price level. However, there were naysayers, too. 13% of them were doubtful about the asset’s potential spike.
Calculations show that a repeat of a 300% spike in the coming year could push the price of Solana to a high of $924. However, taking a more realistic approach, the community is hoping to witness SOL surge to $500.
2025 Price Prediction
According to CoinCodex, the altcoin is expected to have a bullish 20205. It is predicted that Solana will trade in a price range of $234.38 to $612.38 in 2025. SOL is anticipated to trade for $381.86 on average over the course of the year, given that the currency is expected to trade about 163.62% higher than it is presently. In addition, July may be the most positive month for SOL.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
