Solana’s native SOL cryptocurrency recently surpassed $200, riding a 13% surge in the last week. Following significant correction in the last few days, the altcoin is on the rise, with price predictions receiving revisions.
The cryptocurrency market has faced two substantial corrections over the last month, including SOL. In December 2024, the market dipped following the rise in US inflation figures to 2.7%. However, with Donald Trump incoming as the next US president, the crypto market is rallying. His looming presidency also brings expected crypto regulation, much better than previous administrations. Thus, crypto experts expect the industry to blow even further in 2025.
The altcoin market is majority up at press time, and select coins that are targets of potential ETFs are especially rising. XRP and Solana lead this pack, as both recently breached $200 and $3, respectively.
Also Read: Solana (SOL), Cardano (ADA) and Ripple (XRP) Price Forecast For January 20
How High Can Solana SOL Go?
Per CoinCodex, Solana is on the verge of hitting a new high of $230. As of now, Solana is currently sitting at $212, up 5% in the last 24 hours. The year 2024 was been particularly lucrative for the token, given the fact that Solana has been the go-to choice for central meme coin launches and activity. Now, SOL may soon hit $232 by the end of January or the first/second week of February, opening the door to a big year.
Looking later into 2025, SOL could be on its way to $250 and even breach its $263 all-time high. According to Changelly, SOL could reclaim its $263 peak in April 2026. The platform anticipates the asset to trade at a potential maximum price of $264.56 in April 2026. This Spring is anticipated by many crypto experts as the next “altcoin season.” Following US inauguration day on January 20, the altcoin season could begin sooner and peak in April.
Also Read: VeChain (VET) Predicted To Hit $0.10: Here’s When
Furthermore, some analysts revealed that SOL may reach $500 by this Summer. While several believed that the asset would most definitely hit this price level in 2025, a few others remained skeptical.