Solana over $200: What's next for the SOL price?

The upswing in the crypto market has given Solana, in particular, wings. The SOL price is up 12 percent on the day, trading just above $200 again.
Solana recently received a boost from the prospect of imminent approval of a spot ETF in the US. Months ago, many investment firms such as VanEck, 21Shares, and Bitwise had already applied for a Solana-based index fund. The cryptocurrency is considered one of the most promising candidates for the next launch. The market is preparing for a wave of approvals in October.
High demand has also recently resurfaced in the DeFi market. The blockchain's total value locked (TVL) is currently at an all-time high of $33 billion, according to data from Tokenterminal.
The project also recently reached a technical milestone with over 100,000 transactions per second. Read more here: Solana network breaks record – with a catch
The price increase brings Solana a good deal closer to its record high of $293 reached in January. Although it's still more than 30 percent away, some forecasters predict much higher jumps this year. Find out the bullish predictions for Solana from the new OpenAI model ChatGPT-5 here: Solana Forecast: This is how high the SOL price will rise, according to ChatGPT-5.

Recommended Video Altcoin Season: Why Most Are Wrong

No results