Prominent cryptocurrency Solana (SOL) has been in the headlines for achieving a new peak during the November rally. The sixth-largest cryptocurrency has stood out for its network activity as well as price. The market has a prominent price mark of $500 to achieve over the next couple of months. The community has been expecting the altcoin to reach this high sooner rather than later.
Also Read: U.S. Dollar Price Prediction 2025
Solana’s Current Market Price
Solana went from trading at a low of $213 to a high of $222 in the past 24 hours. At the time of writing, SOL was trading at $216. The asset’s current price places it 18% below its all-time high of $263. This peak was achieved back in November 2024.
Solana’s rising popularity and liquidity are demonstrated by the $304 million in trading volume it recorded in December alone. This financial achievement highlights the network’s capacity to draw users and maintain high activity levels in a cutthroat industry.
Also Read: Ripple’s RLUSD Outshines PayPal and Euro: Could RLUSD Hit $1.80?
$500 On the Cards?
In 2024, a number of analysts revealed that SOL is slated to reach $500 and could even touch $1,000. While several believed that the asset would most definitely hit this price level in 2025, a few others remained skeptical. Amidst this, a platform called CoinCodex revealed the timeline for Solana to reach the coveted $500 mark.
Also Read: Bitcoin Reclaims $101,000: Will BTC Hit $140,000 Next?
According to the price prediction firm, Solana is projected to trade in a range of $214.97 to $500.10 in 2025. This further results in an average yearly price of $317.50. Compared to the present rates, this may yield a potential return on investment of 130.60%. In addition, the asset will surge to $500 in the month of August. Even though the market has to wait for a while, SOL investors could be pocketing gains this year.