The discussion around forecasts for Solana (SOL) and its potential to surpass Ethereum by market cap by 2025 is gaining traction among crypto traders.
Technical Metrics and Price Forecast for Solana
After carving out a symmetrical triangle since March, SOL closed above $156 and is now trading at $158.60. If the price continues to rise towards $160, a jump to $164 in the near term and $180 later this quarter is likely. The overall prediction of $300 by late 2025 seems optimistic.
Derivatives Data and Network Activity
Despite the bullish chart, derivative data indicates a need for hedging, with a put/open interest ratio on Binance futures at 0.74. Meanwhile, on-chain data is constructive, showing that the number of active wallets has surpassed one million, with 68% of the circulating supply currently in staking.
The Remittix Project and Its Advantages
The Remittix project offers users the ability to convert BTC, ETH, or SOL into fiat currency instantly, with low fees. This functionality makes it attractive for those seeking solutions to high transaction costs in the market.
Analysis of Solana's data and current metrics shows that with the right trends and community support, SOL has the potential to increase market presence and possibly overtake Ethereum.
