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- Solana scored an impressive milestone in 2024 as its price touched $263.
- With positive regulations, analysts see SOL price soaring as high as $750.
Solana (SOL), often touted as the Ethereum-killer, demonstrated an impressive performance in 2024, supported by favorable developments in the crypto space. Solana started 2025 on a bullish momentum, as the price recovered after a pullback.
This rebound and positive ecosystem developments have strengthened Solana’s position. Market analysts have forecasted huge outcomes for Solana, with prices expected to reach $500 by 2025.
Favorable Metrics for Solana in 2025
There are several metrics that position Solana to see more upside in 2025. First, the resignation of Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), signals a shifting regulatory environment.
Gensler’s aggressive enforcement tactics drew criticism within the crypto community. During his tenure, Gensler led several regulatory initiatives in the crypto sector, resulting in over 2,700 enforcement actions and $21 billion in penalties.
In one of its cases, the SEC notified Binance.US on July 30, 2024, on allegations involving “Third Party Crypto Asset Securities.” Many interpreted this as a potential softening toward cryptocurrencies like SOL, Cardano (ADA), and Polygon (POL).
The proposed amendments, however, did not eliminate charges related to unregistered securities. The dispute continued into 2025, with the SEC arguing that Binance.US promoted the unlicensed trading of tokens such as Solana.
Thus, the change in leadership raises hopes for a more favorable stance towards crypto. With Paul Atkins currently nominated by Donald Trump as Gensler’s successor, a more favorable outcome is expected for Solana.
Additionally, the crypto market is closely monitoring the possibility of a spot Solana Exchange-Traded Fund (ETF). The buzz about a Solana ETF has continued to grow since Bitcoin and Ethereum ETFs launched in 2024.
As noted in our earlier post, Polymarket predicted an 85% chance of SEC approval for Solana ETFs by year-end. As discussed earlier, the SEC recently received a Solana ETF application from Grayscale and the New York Stock Exchange (NYSE).
Solana Price Aims for $500 by End of 2025
In November 2024, Solana price recorded new highs, following a major surge earlier in the year. The Ethereum killer saw another 200% surge in the fourth quarter, ending almost ten times higher in value with an ATH of $263.83.
However, the price dipped in December but traded around the $200 resistance level. The new year has already begun well for Solana, indicating that the upward momentum continues. As of this writing, SOL was trading at $186.87, up 0.46% in 24 hours, with a market capitalization of $90.55 billion.
Given the positive momentum in the crypto market, the new SEC chair, and the expectations of Solana ETFs, buyers will likely remain in charge. If this upside continues, Solana will likely hit the $300 and even $500 by the end of 2025.
As highlighted in our previous article, analysts believe SOL could see more upside, reaching $750 in this bull run.
