As the cryptocurrency market has underperformed in 2025 thus far, top coins like Solana (SOL) are mostly in the red. SOL is down over 30% in the past month alone despite going into the new year extremely bullish. Prior to the start of the year, price predictions had Solana breaching $300 and beyond for the first time. However, the SOL cryptocurrency now sits under $150, less than half of that prediction.

Some analysts have gone as far as predicting a nearly 100% surge for the SOL asset to $500 from that $250 mark it floated around in December. Entering the year, Solana was expected to be one of the biggest winners of 2025. With the first pro-crypto administrator set to take over the White House, it was likely to be the next crypto-based ETF to receive regulatory approval in the United States, joining Bitcoin and Ethereum. While an ETF would surely fuel Solana to new highs, it may take a bit more to make SOL hit $500 this year.

Can Solana SOL Still Reach $500 in 2025?

It looks like the Solana market will be taking it slow over the next few years. According to data from CoinCodex, the highest price level that SOL will trade at in 2025 is  $288. This is a notable spike when compared to its current price, but $500 is still at a distance. The firm revealed that SOL will be able to attain a peak of $500 only in the year 2029. During this time, the altcoin will trade at a maximum price of $519 in October of 2029.

With the SEC’s recent decisions around delaying XRP ETFs, SOL may have to wait a bit longer for its ETF-based surge this year. The Solana network was recently used by Donald Trump to launch his TRUMP meme coin, putting more of a spotlight on SOL. Skyrocketing 28,000%, it proved to be a massive success for the current US President’s meme coin. Thus, Solana may have some favoritism around it heading into approval season.

Also Read: Cryptocurrency: 3 Coins Set To Rise Despite Intense Market Pressure

At press time, Solana is trading at $124. Trading volume around the altcoin is down 29.34% in the last 24 hours, as investors wait for a sign of what’s to come next for SOL. Very likely, with the crypto market warming back up, SOL could see a slight rebound in the coming weeks towards $150.