Bull runs within the crypto market are known to operate in four year cycles and are often distinguished by instance bullish outlooks and an overall sense of positivity. The next bull run is expected to apex in the next few months with many suggesting that Solana could smash $1500 but is more realistic that it runs to $700!
How High Can Solana Climb In 2025?
Solana continues to go from strength to strength after showing resilience and massive momentum despite recent short-lives price corrections. After reaching an all-time high of $263 in late November, SOL has pulled back slightly, though Solana remains in the green on the quaterly chart following Bitcoin’s rapid upward ascent. With Standard Chartered projecting that Solana could surge to $700 by the end of 2025, factors such as its high transaction speeds, low fees, and growing decentralized application activity continue to position Solana as a strong contender to overtake Ethereum in total value and cryptos quintessential layer-1.
Solana’s recent adoption in global markets, such as Brazil, further highlights Solana’s growing utility. Brazilian tax data shows Solana transactions have nearly doubled year-over-year, moving from 223,000 transactions worth $9.43 million to 443,000 transactions funneling nearly $84 million. This growth reflects increasing trust in Solana’s efficiency compared to competitors like Ethereum. In addition, applications such as pump.fun, which account for over 62% of Solana’s DEX activity, are driving network usage through its affordable and rapid transactions, appealing to retailers and meme degens.
Adding to Solana’s long-term bullish outlook, the New York Stock Exchange has filed an application with the SEC to convert Grayscale’s Solana Trust into a spot ETF. If approved, Solana would join Bitcoin and Ethereum in offering institutional-grade spot ETFs in the US. Increased regulatory clarity and institutional involvement could act as major bullish catalysts for Solana during this bull cycle, solidifying its role as one of the most sought-after blockchain ecosystems in the rapidly expanding layer-1 sector.
While Solana is routinely compared to Ethereum, its performance has outpaced most altcoins this year. If momentum continues, Solana’s position as a leader in blockchain technology could see its price target of $700 come to fruition, making it a significant player for when alt season officially commences in January-February 2025.
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