Solana (SOL) Predicted To Grow 5x To $776: Here’s When

Paigambar Mohan Raj
Solana
Source – CoinCentral

The cryptocurrency market is experiencing a slight correction. Bitcoin (BTC) fell below $64,000 after briefly climbing to the $66,000 level last week. Solana (SOL) followed the same trend, dipping 0.9% in the daily charts.

Despite the correction, the asset is up 6.6% in the weekly charts, 18.2% in the 14-day charts, and 16% over the previous month. SOL is also among the best-performing assets of the last year, rallying 629.6% since October 2023.

Source: CoinGecko

While SOL’s current rally is commendable, one analyst anticipates the asset will continue surging.

Also Read: Does BlackRock Own More BTC than Binance?

Solana Predicted To Rise 5x

Solana
Source – Bitcoinist

According to X user MartyParty, SOL has “been consolidating organically at $150 for 225 days.” The analyst predicts the asset will grow 5x before Q4 2025, about a year from now. Growing 5x from current price levels will take the asset to around $776. Hitting $776 from current prices will translate to a rally of about 400%.

Also Read: Coinbase to Add Proof of Reserves to Bitcoin Wrapper cbBTC

Can The Asset Hit $776 Next Year?

According to Changelly analysts, SOL will not breach the $700 mark next year. The platform predicts SOL to trade at a maximum price of $202.05 before Q4 2025. Changelly, researchers do not expect SOL to hit $776 till at least February 2029, about five years from now.

sol
Source: Changelly

Also Read: Dogecoin: Why DOGE May Rally 1,200% To $1.6

The researchers from Telegaon also paint a similar picture for Solana (SOL). The platform anticipates the asset to breach the $700 mark in 2029, eventually hitting $776 sometime in 2030, about six years from now.

solana
Source: Telegaon

SOL may hit the $776 target next year, but several factors need to be fulfilled for it to do so. Market sentiment must be high, and a bull run must be implemented.