Experts predict Solana’s growth to $ 780

Solana SOL $255.03 Solana 0.24% Market capitalization $121.06 billion VOL. 24 hours $1.63 billion , a cryptocurrency created by Ukrainian developer Anatoliy Yakovenko, has attracted the attention of investors due to forecasts that its value could rise to $ 780. The rapid increase in activity on the network and institutional interest add to optimism about the future of SOL.

According to Glassnode, an analytical company, activity on the Solana network has increased significantly. The daily trading volume exceeded $ 318 billion, and the number of addresses involved in transactions exceeded 22 million.

At the time of writing, Solana’s price reached $ 259.98, its market capitalization is $ 123.41 billion, and daily sales reached $ 10.90 billion.

The speed of transactions and low costs make Solana attractive to both investors and developers of decentralized applications. However, experts warn that much of the activity may be caused by bots rather than new users.

Analysts suggest that the SOL price may continue to grow. For example, crypto trader Bonybean noted that if Solana breaks the $ 250 mark, its price could quickly rise to $ 291 in the short term.

Long-term forecasts vary. Some experts believe that historical trends could support SOL’s growth to $ 780, especially during the expected «alt-season» in 2025.

The growth of institutional interest in Solana is being boosted by its inclusion in Coinbase 's COIN50 index and the launch of tokens on platforms such as Binance and Robinhood.

VanEck’s application for a Solana-based ETF has also spurred the market.

In addition, the volume of open futures contracts on SOL increased by 96% over the past month to reach $ 5.64 billion, indicating a high level of confidence among traders.

According to analysts, overcoming the $ 250 resistance level is critical for further growth. In the short term, the price may fluctuate between $ 350 and $ 500, and in the long term, it may reach $ 780.

At the same time, traders should be prepared for a possible correction, as indicators such as RSI and Chaikin Money Flow indicate the likelihood of a short-term pullback.

Solana continues to strengthen its position, remaining one of the most promising cryptocurrencies on the market.