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.
Also Read: Ripple: 3 Reasons Why XRP Could Surge To $5
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.
Also Read: Crypto Chaos: PNUT Token Owner Sparks Lawsuit Against the Community
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.
Also Read: Trump’s 25% Tariffs on Canada, Mexico, and China: What it Means for Global Stocks