A couple of assets in the cryptocurrency market were under the spotlight for their notable price growth over the past year. Along with altcoins like Ripple’s XRP, Solana (SOL) held a prominent spot on this list. The asset went from trading at a low of $96.59 all the way to a high of $294.33. SOL reached this peak about four months ago in January 2025. Currently, the altcoin is trading 40% below this all-time high. After a massive drop during the past couple of months, SOL’s annual gains stand at a negative 2.82%. But a look back at the cryptocurrency’s growth rate highlights its true potential.
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Solana Jumps On The Recovery Wagon
The sixth-largest cryptocurrency, Solana, was trading around $173.70 at the time of writing. Throughout the past 24 hours, SOL surged by 3.15%. Just earlier today, the asset was trading at a low of $166.30 before jumping to a high of $175.52.
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The Solana network is all set to roll out a second-gen Android phone later this year. According to reports, the Solana Seeker smartphone will entail features of the Solana Sage device. The phone is set to go live and start shipping on August 4, 2025. The network’s very first device was rolled out in April 2023. The Seeker model is the Chapter Two or successor of Saga. The network sold a total of 100k Saga devices.
August Price Prediction
In addition to the device, the Solana network intends to roll out a new token. SKR is expected to emerge as an asset of the network’s decentralized mobile wing. As a result, the upcoming launch is important for the entire Solana ecosystem.
According to data from CoinCodex, Solana is expected to record a dainty rise from its current price. The asset will trade at a maximum price of $176.96. The average trading price of SOL was set at $157.95.
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