The cryptocurrency market is currently experiencing a slight correction, with Bitcoin (BTC) falling below $64,000 after briefly reaching the $66,000 level last week. Solana (SOL) has also followed a similar trend, dipping 0.9% in the daily charts. Despite this correction, SOL has shown impressive growth, with a 6.6% increase in the weekly charts, an 18.2% increase in the 14-day charts, and a 16% increase over the previous month. SOL has also been one of the best-performing assets over the past year, rallying an impressive 629.6% since October 2023.
According to a report from CoinGecko, while SOL’s current rally is commendable, one analyst predicts that the asset will continue to surge. MartyParty, a well-known analyst, believes that SOL has been consolidating organically at $150 for 225 days and predicts that the asset will grow 5x before Q4 2025, which is about a year from now. This would take the price of SOL to around $776, representing a rally of about 400%.
However, not all analysts share the same bullish sentiment towards SOL. Changelly analysts predict that SOL will not breach the $700 mark next year, with a maximum price of $202.05 before Q4 2025. They do not expect SOL to hit $776 until at least February 2029, about five years from now. Similarly, researchers from Telegaon anticipate that SOL will breach the $700 mark in 2029 and reach $776 sometime in 2030, about six years from now.
While there is optimism surrounding SOL’s potential to hit the $776 target next year, several factors need to align for this to happen. Market sentiment must remain positive, and a sustained bull run must be in place. As the cryptocurrency market continues to evolve and mature, it will be interesting to see if SOL can reach the predicted price levels in the coming years.