2- Solana Recent Market Performance
$10 Billion Stablecoin Milestone
Solana recently achieved a record-breaking $10 billion stablecoin supply on its blockchain. This milestone is largely attributed to the growing popularity of meme coins traded on Solana, which have driven high transaction volumes.
SOL ATH and Current Price
SOL recently touched $272 its highest intra-week to date, nearing its all-time high of $295. As of January 24, 2025, it trades at $265, reflecting robust market demand despite slight corrections.
SOL Technical Indicators
Analysts highlight bullish indicators such as a positive Moving Average Convergence Divergence (MACD) and the completion of an ABC Elliott Wave correction. These suggest a potential bounce toward $300 or higher.
3- Solana Price Prediction
Market Capitalization Projections
Experts predict that Solana could soon surpass a $200 billion market cap. Its efficient blockchain technology continues to attract decentralized finance (DeFi) projects and non-fungible token (NFT) platforms, solidifying its position as a top-tier blockchain.
Long-Term Growth
With increasing adoption, the Solana price is projected to remain a preferred choice for developers and users alike. Some reports speculate that SOL price could hit $500 by mid-2025 if the current growth trajectory persists. The main resistance would be the $290 level, until it surpasses its current ATH at $295, to then surpass $300, and $400 leading to $500.
With these projections, the SOL price is set for growth with growing potential as the market evolves, and the crypto adoption spikes, with the new awaited SEC regulations, spreading clarity and boosting crypto investments.
Challenges and Risks
While optimism surrounds SOL, potential risks include market volatility and competition from emerging blockchains like LightChain AI. However, the established Solana ecosystem, with its growing adoption, mitigates these concerns.
4- SOL ETF Next?
The recent U.S. executive order has created a supportive environment for cryptocurrencies, positioning Solana for sustained growth. With robust technical indicators and strong market momentum, SOL appears poised to challenge its previous all-time high. As adoption increases and milestones are achieved, Solana remains a compelling investment in 2025.
With all this positive news, fueling the Solana momentum, and boosting its price, as well as its blockchain features and adoption, could the new SEC, after having its task force implemented and in action, rule in favor of a SOL ETF soon? With no official news on the matter, only time would tell.
Source: https://cryptoticker.io/en/solana-price-prediction-trump-crypto-executive-order/