In recent days, Solana (SOL) has shown positive price movement, and key factors could strengthen its position and direct it toward the $250 mark.
ETF Approval as a Catalyst
One of the main factors that may contribute to SOL's growth is the approval of a spot ETF in the U.S., which is expected in mid-October. The ETF approval will open the gates for institutional investments, thereby increasing demand for the cryptocurrency.
Increasing Institutional Support
According to recent data, major players like Galaxy Digital and Multicoin Capital are raising funds for a Solana-focused digital asset treasury. If this trend continues, it may lead to a supply squeeze in the market.
Revitalized On-Chain Activity
To restore buyer confidence, Solana needs to increase its on-chain activity. Recent milestones, such as processing 100,000 transactions per second, indicate the platform's potential.
If these three factors align, Solana could realistically reach $250 by the end of 2025, marking a significant step forward for the ecosystem.
