- Solana has struggled in 2025, down over 30% in the past month, despite earlier bullish predictions.
- CoinCodex platform predicts Solana could surge to $500, but current trends suggest it may take until 2029 to hit that mark.
The cryptocurrency market has had a rocky start in 2025, with top coins like Solana (SOL) underperforming. SOL, once expected to surpass $300 this year, is now trading below $150. While some analysts remain optimistic about a potential surge to $500, others believe it may take several more years for SOL to reach that milestone.
Can SOL Hit $500 Soon?
According to CoinCodex, SOL is unlikely to reach $500 in 2025. The platform predicts that SOL’s highest price this year will be $292, with the $500 target not achievable until 2029. Solana is anticipated to change hands in a trading channel between $ 119.65 and $ 292.24, leading to an average annual price of $ 186.05.
Following a bullish trend in the previous year, 2029 is expected to continue this momentum. Solana’s value is forecasted to increase, potentially reaching an average price of $ 300.68. The price is predicted to fluctuate between a low of $ 181.91 in June and a high of $ 525.30 in October, they stated.
Solana’s technological advantages continue to position it as a better option in the blockchain space. Its capability of handling over 4,000 transactions per second, combined with lower transaction costs compared to other coins like Ethereum, makes it an attractive choice for developers and users alike.
These features are appealing for projects requiring scalability and efficiency, such as decentralized finance (DeFi) platforms, gaming ecosystems, and NFT marketplaces.
Additionally, Solana has recently gained attention thanks to high-profile developments, such as the launch of Donald Trump’s TRUMP meme coin on its network. The meme coin’s explosive success, surging by 28,000%, has showcased Solana’s ability to support innovative and viral projects. While this has brought some positive spotlight to the network, the meme coin’s gains haven’t yet translated into significant price movement for SOL itself.
What’s Holding Solana Back?
Solana entered 2025 with a wave of optimism, driven by the possibility of becoming the next cryptocurrency to secure ETF approval in the U.S. However, progress has been hampered by regulatory delays, including the SEC’s cautious approach toward cryptocurrency ETFs, particularly in light of its ongoing hesitation around XRP-based ETFs. These problems have created uncertainty, slowing Solana’s momentum in the short term.
Last week, President Donald Trump signed an executive order establishing a Strategic Bitcoin Reserve, marking a significant shift in federal cryptocurrency policy. While initial reports suggested that altcoins like Solana might be included, the final order focused exclusively on Bitcoin. This exclusion means Solana won’t benefit from government-backed purchasing plans, which could have provided a major boost to its value.
Solana’s future remains promising, but its trajectory will likely depend on a combination of SEC regulation clarity, market conditions, and its ability to continue launching groundbreaking projects in its ecosystem.
If these factors align, Solana could regain its upward momentum and solidify its position as a leading blockchain platform. At the time of press, Solana is trading at $124.28, up 0.15% in the last 24 hours, with a trading volume of $3.69B, which dropped by 15% in the same timeframe.
