Solana (SOL) has demonstrated resilience after plummeting to below $9 following the collapse of FTX in 2020. The cryptocurrency has since recovered significantly, reaching an all-time high of $293.31 in January 2025 before declining by nearly 70%. Analysts suggest the current price levels could present a potential entry point, with some predicting substantial gains in the coming years.
Solana (SOL) experienced a significant downturn after the collapse of FTX in 2020, with its price falling to sub-$9 levels. The network also saw a substantial exodus of developers during this period of chaos. However, the asset made a notable comeback in subsequent years, hitting multiple all-time highs and reaching a peak of $293.31 in January 2025.
According to Telegaon analysts, Solana (SOL) will see massive gains over the coming years. The platform anticipates the asset hitting a new all-time high of $306.39 sometime this year. Telegaon further predicts SOL could breach the $850 mark by the end of this decade.
Data from CoinGecko shows SOL’s price has fallen by nearly 70% from its 2025 peak. This current predicament is attributed more to larger market forces than issues specific to the asset itself. The low prices are presented as a potential opportunity for new investors or for existing holders to lower their average cost.
The analysis highlights Solana’s historical pattern of recovery from extreme lows. It suggests there is a high chance the asset will climb to a new peak in the next bull run. “Buying now could be your opportunity for massive returns,” the report concludes, framing the current market phase as a potential inflection point.
