- Solana (SOL) recently hit a new all-time high of $263.83
- Data from CoinCodex suggests that SOL will reach a new all-time high of $264.51 on December 11th
- If SOL continues its momentum, it might surge to $300 before the end of the year
Solana has seen tremendous growth over the past year, surging by over 300%. The altcoin recently reached a new all-time high of $263. But how soon can it set another record peak?
Recent Performance Shows Promise
Last week, SOL hit $263.83, marking a fresh high for the asset. At press time, SOL was trading at $255.62 with no major price swings over the past 24 hours. The coin is currently just 3% below its record peak.
source: coingecko
Institutional Interest Growing
Due to recent regulatory changes, the likelihood of a Solana spot ETF being approved has increased. This would allow more institutional capital to flow into the market. Firms like Bitwise have already filed paperwork with the SEC for a Solana ETF.
New Peak on the Horizon
According to CoinCodex, Solana will rise to $264.51 on December 11th. This would mark a 36% increase from current levels. If momentum continues, SOL could surge to $300 before year-end.
The Road Ahead
With growing institutional interest and bullish price predictions, the future looks bright for Solana. Investors who stuck with the asset through its 97% bear market drop may soon be rewarded with a fresh record high.
