Solana has done incredibly well in the past few years. After the collapse of FTX, in November 2022 the asset price plummeted to levels below $10. SOL’s price has risen since its lows in 2022, reaching more than 200 dollars earlier this year.
SOL has the highest market capitalization amongst the 10 top performing projects. SOL has risen by 8,4% on the daily chart, 12,8% on the weekly chart, 16,3% on the 14-day chart, and 6,5% in comparison to the previous month.
Federal Reserve rate cuts could have been the cause of this latest market revival. Usually, rate cuts lead investors to increase their risk as they can borrow more easily. Bitcoin is back at $63,000 and many other assets are following suit.
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Solana’s future price predictions
Solana Predicted To Hit $500
SOL’s rally is healthy, but it may not spell the end of the asset. Joji of X believes that SOL may surge 233.3% up to $500. Joji doesn’t explain exactly why SOL might surge up to $500. “We are here in the cycle.”
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Changelly’s Analysis
Changelly estimates that Solana will not reach $500 until January 2028. That’s about 3 1/2 years away. SOL is expected to reach $519.46 as its maximum in January 2028, according to the platform.
Telegaon Analysis
Telegaon analyst are more optimistic about SOL than Changelly. In 2026 (about a year-and-a-half from now), the platform expects SOL to surpass the $500 threshold. Telegaon predicts SOL will trade at $506.39 maximum in 2026.
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SOL could reach the $500 mark much earlier than expected, given that the cryptomarket is in a bull market.
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Source: watcher.guru