How much more upside does SOL have? Could Solana's thriving ecosystem trigger more demand and to as high as $400?
has been the most favorite blockchain for many this year. But can it hold on to this lead in 2025, and will it be enough to send its native coin above $400?placed Solana in the lead as the blockchain ecosystem with the highest global traffic share. In other words, it was the most preferred blockchain network of 2024.One of the most notable ways is that its total value locked not only recovered to 2021 highs, but the TVL recently topped at $10.
Nevertheless, Its bullish momentum and recovery in the second half of 2024 and especially in the last three months are notable. An outcome that is encouraging to retain and institutional investors, and one that could fuel more demand for the cryptocurrency in the coming months.spot in the list of the largest crypto projects/coins by market cap. This was after recently dethroning BNB chain from the position.
Based on the above findings and the driving factors behind Solana’s performance, it was clear that SOL has a decent chance at rallying above $400 by the peak of the current cycle.
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