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Solana Poised for potential 45% Surge as Institutional Support Grows
NEW YORK – solana (SOL) is attracting bullish attention, with analysts predicting a potential 45% price increase following recent network upgrades and a landmark Nasdaq listing. The cryptocurrency, a rival to Bitcoin and Ethereum, is currently trading around $230, with some forecasting a move above its previous all-time high of $295, potentially reaching $400.
Crypto analyst Trus criptonorr stated, “I think that will make Solana go to look for a value above US $300, Breaking the historical peak of US $295 and maybe much more too. I like the number 400,to excite myself.It is indeed almost the only bet that I have to altseason I already sold almost all my altcoins.”
Driving the optimism is the recent approval of Sol Strategies, a firm focused on Solana infrastructure, to list on the Nasdaq stock exchange under the ticker symbol CYFRD (previously traded OTC as CYFRD and on the Canadian Securities Exchange as Hodl). The company boasts a market capitalization of AU $167 million, manages over US $720 million in delegated assets, and has 7,068 unique wallets participating in staking through its nodes. Sol Strategies’ treasury holds 399,907 SOL, valued at approximately US $85 million – nearly 11% of the total stake.
Analysts believe this institutional backing could attract new investors and solidify Solana’s position within the crypto infrastructure narrative, potentially fueling further price gains.
Solana’s fundamentals remain strong, characterized by high network speed, growing adoption in decentralized finance (DeFi) and non-fungible tokens (NFTs), and an expanding validator network. The $200 support level is considered crucial for maintaining a positive medium-term outlook, with $215-$220 identified as the next immediate resistance barrier.
The success of the recent Alpenglow network update and Sol Strategies’ nasdaq debut will be key determinants in whether Solana can achieve new price peaks in the coming months.
