Solana (SOL) has come a long way over the last few years. After the FTX collapse in 2020, the asset’s price plummeted to levels below $9. The now-defunct cryptocurrency exchange relied heavily on SOL, and its bank run led to a significant drop in the price of the popular cryptocurrency. Not only did Solana (SOL) lose significant value, but the network also saw a massive exodus of developers who jumped ship in the turmoil. However, SOL has made a huge comeback in the last few years. The asset has hit multiple all-time highs since its 2022 lows, reaching its most recent high of $293.31 in January of last year. Let’s discuss whether you should bet big on Solana (SOL) given historical patterns.
Should you bet big on Solana?
Solana (SOL) has cemented its reputation as one of the most resilient cryptocurrencies on the market with its incredible recovery from below $9. SOL’s current woes have less to do with the asset itself and more to do with larger market forces. According to data from CoinGecko, SOL’s price has fallen nearly 70% from its all-time high in 2025. However, low prices provide a great opportunity to earn big profits in the future.
Solana (SOL) price faced a sharp correction last year, but the next bull market will likely see the asset reach new peaks. Given its historical pattern, the current price level could be a good entry point for new investors. It could also be a great opportunity for investors who bought at the highest prices to lower their average costs.
According to Telegaon analysts, Solana (SOL) will reap significant gains in the coming years. The platform expects the asset to reach an all-time high of $306.39 before the end of this year. Additionally, Telegaon predicts that SOL will cross the $850 mark by the end of this decade. Buy now and you could have the chance to make huge profits.
