Solana (SOL), following the larger market, has faced a significant correction over the last few days. The asset is down by 12.8% in the weekly charts, 13.9% in the 14-day charts, and over 27% in the monthly charts. However, SOL’s price jumped 3.2% in the last 24 hours as the project unveiled a new token extension with the SPL standards. Moreover, the asset is still up by almost 280% since January 2023.
Solana (SOL) was one of the best-performing crypto assets in 2023, outshining the likes of Bitcoin (BTC) and Ethereum (ETH). At one point, SOL’s price was up by nearly 1000% since the beginning of 2023. SOL’s incredible run last year is especially commendable, given that the asset was one of the worst affected projects from the collapse of FTX. The now-defunct exchange was bullish on SOL and had over $1 billion worth of tokens. Nonetheless, the asset seems to be making up for what it lost during the FTX crash.
Also Read: Solana: Weekly $100 in SOL Since FTX Crash is Worth This Much
When will Solana (SOL) reclaim its all-time high?
SOL reached its all-time high of $259.96 more than two years ago in early November 2021. Although the token is down by over 66% from its highs, reaching its 2021 peak again would translate to a growth of over 197%.
Also Read: Solana [SOL] February Price Prediction
According to Changelly, Solana (SOL) could surpass its all-time high sometime in August 2026, about two-and-a-half-years from now. The platform anticipates a maximum price of $309.85 for SOL, which it may attain in December 2026. Reaching $309.85 from current levels would translate to a growth of over 255%.
Telegaon also anticipates SOL to reach its all-time high in 2026. However, the platform does not clarify in which month. Telegaon predicts SOL to hit a maximum price of $276.39 in 2026, a growth of over 217%.