- Toncoin (TON) and Solana (SOL) are emerging as favorites to reach new all-time high prices next, following the record highs set by Bitcoin, Binance Coin (BNB), and Tron (TRX) in 2024.
- According to a CryptoQuant analyst, Toncoin and Solana are just 8% and 15% away from their respective record prices, based on a Price Drawdown Heatmap analysis.
- Both Solana and Toncoin have shown strong fundamental data and activity numbers that could fuel the necessary price increases to reach new all-time highs.
As the cryptocurrency market continues to rally, various digital assets have been reaching new heights. Bitcoin, BNB, and TRX have all set records this year, but there are two other contenders that may be on the brink of reaching new all-time highs: Toncoin (TON) and Solana (SOL).
The Rising Stars: Toncoin and Solana
The crypto market rally has been a boon for many digital assets and traders are now keenly observing which assets could be next in line for record-breaking performances. Analysts are currently pointing to Toncoin (TON) and Solana (SOL) as the most likely candidates for new all-time highs.
Even as other tokens such as Bitcoin PEPE and Tron TRX have soared to their highest ever prices this year, and assets like Ripple (XRP) and Cardano (ADA) have regained their prominence, the focus is shifting to TON and SOL. With 2025 looming, these two digital currencies could be the next to benefit from the positive market sentiment.
Why Toncoin and Solana are Favored for Record Runs
The significance of this year for the cryptocurrency market cannot be overstated. The asset class has enjoyed an unparalleled rally since Donald Trump’s election victory in November. Bitcoin has paved the way, becoming the first cryptocurrency to surpass a six-figure price and set a new all-time record.
This success has sparked discussions about which assets could follow suit. Currently, Toncoin (TON) and Solana (SOL) are emerging as favorites. A new estimation by CryptoQuant analyst Maartunn has highlighted these two assets specifically.
According to a Price Drawdown Heatmap shared on the platform, both Solana and Toncoin are ahead of all other altcoins in terms of their proximity to reaching a record price. The data suggests that SOL and TON are just 8% and 15% away from their record prices respectively.
Previous Highs and Future Prospects
Solana had previously set its all-time high in early September 2021 when it hit a $216 price point. Meanwhile, Toncoin reached its landmark price in June of that year, trading at over $682. Both cryptocurrencies have shown strong fundamental data and activity numbers, which could fuel the necessary price increases.
Conclusion
With the continued bullish sentiment in the crypto market and the potential of these two digital assets, Toncoin and Solana just might be the next in line for new all-time highs. However, it’s essential for investors to conduct thorough research and seek advice from a financial advisor before making any investment decisions.
