The cryptocurrency market lately gained one among its most essential gatherings. Bitcoin (BTC) climbed to an all-time excessive of $122,834 on July 14th. Binance’s BNB and Ripple’s XRP tokens additionally climbed new peaks at $808.09 and $3.65 respectively. Different property have additionally skilled important breakouts, however have but to register their highest ever excessive. Let’s talk about whether or not Solana (SOL) can comply with the trail to BTC, XRP and BNB’s new all-time greats.
Can Solana collect on the highest top ever?
Solana (Sol) violated the $200 mark for the primary time since February this yr. Sol hit a document excessive of $293.31 in January. Regardless of this bullish begin to this yr, the asset struggled to realize momentum for many of the first half of 2025 amid a bear market scenario. Sol costs started to skyrocket after pro-crypto authorized actions within the US. The US Home of Representatives handed genius, readability, anti-CBDC acts and payments, resulting in elevated investor sentiment.
Market gatherings are declining and the crypto sector is dealing with appreciable revisions. Based on Coingecko’s SOL information, Solana (Sol) has soaked 6.4% within the final 24 hours. Regardless of the dip, property proceed to commerce within the inexperienced zones of different frames. Sol costs have risen by 7.1% on the weekly chart, 16.9% on the 14-day chart, 28.8% on the earlier month and 5.2% since July 2024.
Sol is among the most resilient cryptocurrencies in years. Since crashing into the $9 stage in 2022, Sol has made an unbelievable comeback. The asset reached an all-time excessive final yr. The US SEC could approve the Solana ETF inside this yr. ETF approvals can result in a big improve in institutional funding in property. Such developments may lead Solana to climb to an all-time excessive.
