Expert Claims Solana Could Hit $380 in 2025, Some Analysts Also Bullish on Solaxy
Solanas (SOL) growth in the past 12 months has been impressive and investors are starting to wonder how high its price could go.
With the network going from strength to strength, one analyst thinks the token could hit $380 at some point this year.
Meanwhile, the new layer-2 project Solaxy (SOLX) is also getting lots of attention.
Its presale has just passed the $9.2 million mark, showing strong investor appetite for projects building on top of Solanas ecosystem.
Why Solana Was the Hottest Blockchain of 2024
Solana has had a great two years.
SOLs price surged to an all-time high of $263 in November 2024, after starting 2023 around the $10 mark.
However, beyond SOLs price action, the Solana network itself has undergone a significant transformation.
Once plagued by outages, the network has been without interruption for almost a year.
This newfound stability has attracted a surge of developers and users, with daily transactions often surpassing those of Ethereum.
Solanas DeFi ecosystem has also exploded with total value locked (TVL) sitting at $8.85 billion.
Most notably, Solana has become a force in DEX trading.
By the end of 2024, the network had processed an enormous $626 billion in trading volume, closely trailing Ethereums $674 billion.
In November, Solana even passed Ethereums all-time monthly record with $129 billion in volume.
This surge in activity shows just how much momentum Solana has gained recently.
Top Crypto Expert Thinks Cup & Handle Pattern Points to Huge Gains for SOL
The SOL tokens price has been a bit shaky recently.
SOL is down 11% since Monday, sitting at around $197, which is about 25% off its high from November.
Its even been flipped by XRP and DOGE in daily spot trading volume.
But investors arent panicking, since MartyParty, a popular crypto commentator with a huge X (formerly Twitter) following, expects SOL to bounce back soon.
He spotted a classic cup and handle pattern forming on the 3-day chart which usually means the price is about to take off.
Based on this pattern, MartyParty thinks SOL could rise to $382.
That might seem like a wild prediction, but it would only be a 93% jump from where the token is right now.
Considering how SOL tends to make these kinds of explosive moves, and how strong the Solana ecosystem is becoming, MartyPartys forecast might not be so far-fetched.
New Layer-2 Scaling Solution Solaxy Raises Over $9M Can it Pump Higher Than SOL?
With Solana potentially about to take off, everyone is watching the projects being built on it.
One thats drawing lots of attention is Solaxy a new layer-2 solution that aims to solve some of Solanas biggest problems.
And it might be launching at just the right time.
Although Solana hasnt had a network outage in almost a year, it sometimes struggles with congestion and failed transactions.
Solaxys goal is to help with this by processing transactions off-chain, bundling them up, and settling them on the main Solana network.
Its like a traffic management system for the blockchain.
Solaxy has now raised $9.2 million in its presale phase, and some big names in the crypto world are taking notice.
Satoshi Stacker, a popular crypto analyst with over 320,000 YouTube subscribers, recently discussed Solaxy in a video.
He praised the projects ambitions and predicted the SOLX token could be primed for an exciting 2025.
Right now, SOLX tokens are priced at just $0.001594 in presale.
The price will only last one more day before rising in the next presale stage so those who wish to get in at the lowest price must act fast.
Those who do invest via the presale can also stake their SOLX right away for above-average yields.
So, while experts like MartyParty think SOL is about to rally, Solaxy might be another Solana-based project to keep an eye on.
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