Solana Price Prediction: Could SOL Hit $1,000 as Meme Coins Boom and Solaxy Excels?
The Solana (SOL) price has been consolidating below the all-time high it hit over the weekend, but a huge explosion could be coming as meme coin mania on the fast-growing blockchain has been escalating.
The launch of US President Donald Trump’s meme coin over the weekend on Solana propelled DEX trading volumes and blockchain fees to unprecedented new highs, according to DeFi Llama.
Though TRUMP has since pulled back sharply from its weekend highs, the successful launch has sent a strong signal that a new meme coin season could be here.
It’s no wonder that the up-and-coming meme coin and Solana layer-2 scaling solution Solaxy ($SOLX) is seeing massive demand in its presale, having recently surged beyond $13.4 million in funds raised.
With crypto apps surging on the AppStore in the USA, the floodgates for a renewed surge of retail money into meme coins look like they are about to open.
With Solana reigning as the current king of blockchain in meme coin trading, crypto analyst Aylo on X reports it captured 73.3% of Monday’s crypto app revenue, supporting a strong price outlook.Top 10 finance apps:
— Yano 🟪 (@JasonYanowitz) January 21, 2025
1. Crypto
2. Crypto
3. Crypto
4. Crypto
5. Taxes
6. Offers crypto
7. Budgeting
8. Offers crypto
9. Offers crypto
10. Crypto pic.twitter.com/okpFIuRa3Z
Aylo notes that “there is simply no bigger mispricing than SOL market cap relative to ETH”.Solana apps earned 73.3% of all crypto app revenue yesterday.
— Aylo (@alpha_pls) January 22, 2025
I have had the view for a long time that Solana would eventually out perform Ethereum on all meaningful metrics.
There is simply no bigger mispricing than SOL marketcap relative to ETH.
Today it is approximately… pic.twitter.com/Qa2uZMO7tx
Potential Solana Price Discovery: Could SOL Reach $1000?
Solana has a great narrative right now – the fastest-growing major blockchain and king of meme coin trading. That could signal outperformance in the coming months, which many expect to be very strong thanks to favorable political developments in the USA.
Pro-crypto President Trump is finally in the White House, and the US regulatory regime towards crypto assets is in the process of flipping on its head from adversarial to pro-growth. Per Polymarket, traders are putting an 89% probability on a Solana ETF getting approved this year.
Traders are also putting a 60% likelihood on a US national Bitcoin reserve being established in 2025, which could be a huge bullish narrative for crypto this year.
If the Solana price can break decisively above its 2021 highs in the $260s in the coming weeks, this would open the door for a renewed phase of price discovery.BLOOMBERG: 🇺🇸 Senator Cynthia Lummis met with Eric Trump yesterday to discuss the creation of America's Strategic #Bitcoin Reserve pic.twitter.com/X1nTkzGSUx
— Swan (@Swan) January 21, 2025
With so much chatter about Solana’s undervaluation compared to other major blockchains, few should be surprised if SOL posts 4-5x gains from its current market cap of around $120 billion, per CoinMarketCap.
A $1000 Solana price is certainly on the cards for 2025. Those would be massive gains for most investors.
However, in crypto, a lot of degens are looking to get rich with the next 100x token. Solana won’t provide gains like this. Traders looking for big upside will need to find a high-potential project and get in ahead of the crowd.
The aforementioned Solana layer-2 scaling meme coin Solaxy ($SOLX) is a perfect example of such a project.
Solaxy Presale Surges Past $13.4 Million Amid Growing Demand
Solaxy’s impressive presale momentum suggests it’s gaining a lot of momentum and early interest, which is key for the launch of any new crypto token. The project’s key unique selling point is that it tackles Solana’s notorious congestion issues, promising faster, cheaper transactions.
It’s not just another meme coin; it’s a practical solution enhancing Solana’s infrastructure while diving into the meme coin frenzy.
Analysts like ClayBro predict $SOLX could see 100x gains post-listing, given its potential to solve real blockchain problems and its strategic tokenomics, with a chunk of supply dedicated to development and early investors.
And with staking rewards around 284% APY, $SOLX is also a passive income gem that will likely also attract a lot of interest from DeFi degens.
Keep an eye on $SOLX; it might just be the next crypto to explode. Solaxy is easy to buy in presale with card or crypto, and has already passed major audits.
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