Solana (SOL) has had quite a journey over the last few years. The asset’s price tanked to sub-$9 levels after the collapse of FTX in 2020. The now-defunct crypto exchange was big on SOL, and its bank run led to a massive price dip for the popular cryptocurrency. Not only did Solana (SOL) loose substantial value, the network also saw a massive exodus of developers who jumped ship amid the chaos. However, SOL has made quite the comeback over the last few years. The asset hit multiple all-time highs since its 2022 lows, reaching its most recent peak of $293.31 in January of last year. Let’s discuss if you should bet big on Solana (SOL) given its historical pattern.
Should You Bet Big On Solana?
Solana’s (SOL) incredible recovery from below $9 has solidified its name as one of the most resilient cryptocurrencies in the market. SOL’s current predicament is more due to larger market forces, than something to do with the asset itself. According to CoinGecko data, SOL’s price has fallen by nearly 70% from its 2025 all-time high. However, the low prices present an excellent opportunity to make big gains in the future.
Although Solana’s (SOL) price has faced a steep correction over the last year, there is a high chance that the asset will climb to a new peak in the next bull run. Given its historical pattern, current price levels could be an excelent entry point for new investors. It could also be a great time for investors who bought at the top to bring down their average cost.
Also Read: SEC Classifies Solana As Digital Commodity: Will SOL Skyrocket?
According to Telegaon analysts, Solana (SOL) will see massive gains over the coming years. The platform anticipates the asset to hit a new all-time high of $306.39 sometime this year. Moreover, Telegaon predicts SOL will breach the $850 mark by the end of this decade. Buying now could be your opportunity for massive returns.
