Solana (SOL) Price Prediction: Can SOL Hit $200 as Network Adoption Hits New ATH?

Solana (SOL) is gaining attention in the crypto market after hitting a new all-time high (ATH) in network adoption. The number of addresses holding SOL has surpassed 11 million

Solana (SOL) is gaining attention in the crypto market after hitting a new all-time high (ATH) in network adoption. The number of addresses holding SOL has surpassed 11 million, signaling increasing interest in the network.

This surge in adoption comes amid recent developments, including the launch of Solana futures ETFs and rising institutional interest. With these factors, analysts are now eyeing a potential rally for Solana’s price, possibly pushing it towards the $200 mark.

New Adoption Milestone for Solana

On-chain analytics reveal that more than 11.09 million addresses currently hold the SOL token on the Solana network. This is the new ATH in terms of network adoption of Solana which is a signal in the context of its long-term development. The increase in address activity indicates that more users are participating in the Solana ecosystem, which is further expanding progressively as a decentralized network.

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The Solana network has now crossed 11 million addressess. As seen above, there was a period of inactivity in terms of new addresses joining the Solana ecosystem. However, in 2023, the network has seen a rapid addition of addresses to its network. As of August 2023, the number of addresses on the Solana blockchain has surpassed 11 million. This milestone highlights the growing adoption of the Solana ecosystem among users.

The rapid addition of addresses to the Solana network in 2023 follows a period of relative inactivity in 2022. Despite the market downturn in 2022, the Solana network continued to grow steadily throughout the year. However, the rate of new address additions has increased significantly in 2023, coinciding with the broader cryptocurrency market recovery.

This surge in new users and activity is a testament to the efforts of the Solana development team in building a robust and scalable blockchain platform. The Solana network is known for its high throughput and low transaction fees, making it well-suited for a wide range of decentralized applications (DApps). As DApps continue to gain popularity, the Solana ecosystem is expected to expand even further.

Moreover, the launch of Solana futures ETFs and the possibility of a spot Solana ETF have attracted corporate investors. Analysts believe that these will be optimisms within the market that could lead to another push up in the price of Solana. The breakout from the current range and continued institutional participation could lead to new highs for Solana price.

Solana’s Futures ETFs

In March 2025, Solana still saw one of the most important events in its existence by launching own futures ETFs. These include the Volatility Shares Solana ETF (SOLZ) and the leveraged Volatility Shares 2X Solana ETF (SOLT).

Both are funds that give investors direct access to Solana futures contracts and are present on Nasdaq. The listing of Solana’s futures ETFs is a sign that Solana is gradually gaining more recognition in mainstream finance, meaning that more investors can invest in Solana token.

While the launch has seen mixed reactions from market analysts, the debut of these financial products has led to an increase in Solana’s price, with the token briefly rising above $136. Analysts believe that these products could provide long-term support for Solana’s price as they bring more liquidity and market visibility to the SOL price hitting $200 again.

Solana’s Price Analysis

Solana price is currently trading at $132.9 and is down by 0.67% over the past 24 hours. The crypto is trading in the red after an attempt to break above the $136 overhead resistance.

Solana price broke out of a long-term descending channel and the price is now testing the overhead resistance at $136. A breakout could propel Solana towards $150.

Solana’s price has been on a downward trajectory since reaching an all-time high (ATH) of $260 in November 2021. Throughout 2022, the token experienced a bearish trend, bottoming out at $7.7 in December 2022.

However, in 2023, Solana’s price has shown signs of recovery, rising from the lows to trade above $130 at the time of writing. This recovery has been driven by several factors, including the broader cryptocurrency market recovery, interest from institutions, and the launch of Solana futures ETFs.

Solana price is now testing the overhead resistance at $136. A breakout could propel Solana towards $150. Afterward, the crypto could continue rallying to reach $200.

Solana is one of the fastest-growing blockchains in the world, known for its high throughput and low transaction fees. The network is home to a rapidly expanding ecosystem of decentralized applications (DApps), which are used by millions of users worldwide.

Solana is also one of the most popular cryptocurrencies among institutional