Solana’s (SOL) Price Forecast: $500 by the Year-End

Solana’s (SOL), market, was among the few assets to have a significant spike in 2024. SOL was a standout asset throughout the entire year. Most assets only saw a spike in the final couple of months. SOL also enjoyed a great month in April with a jump of nearly 20%. From a trading low of $96.59 to a peak of $156.05, the asset has seen a significant increase. Although this amount is lower than its previous peak, community members continue to wager on SOL reaching $500. The real question, however, is when SOL’s milestone will be reached.

You may also like: Charles Schwab on the U.S. Dollar’s 7.3% Slide and What’s Ahead

What has Solana done to surpass the $150 mark?

Solana was currently trading for $149.58 at the time this article was written. It follows a drop of 1.17% in the last 24 hours. SOL appears to struggle to hang on to $150. Just a few hours ago, this asset had risen to a price of $153.87.

You may also like: Solana vs Litecoin: 5% Drop for SOL & LTC Eyes $200 Resistance

Sixth-largest crypto currency is not only far from $500 but also its highest point. Solana peaked at $294.33 around three months ago, in January. SOL had been expected to hit $300. However, the asset has fallen 49% from its peak.

How Soon Can You Get $500?

Many market participants predicted, based on the huge price increase of Solana in recent months, that this asset would hit a peak of $500 within the year. SOL, on the other hand, has moved quite slowly. CoinCodex’s data suggests that SOL will likely continue to trend in the same direction throughout this year. The altcoin may not be able to reach $500. SOL is only expected to reach this milestone in 2029, according to the firm. The asset’s maximum trading price will be $505.65 during this time. The asset’s price has risen by 237% from the current level.

You may also like: Cryptocurrency: Top 3 Memecoins Predicted To Rally In May 2025