Top Cryptocurrency to Buy Now as Solana (SOL) Sheds Over 50% of Its Value Since Peaking in January
In 2021, Solana’s value increased by more than 12,000% to a market value of $ 100 billion. This was due to its fast blockchain, which can manage 65,000 transactions per second, and its expansion DEFI and NFT ecosystem, which includes projects such as Raydium. However, after reaching $ 294 in January 2025, Sol fell from 55.8% to $ 130. Indeed, the industry as a whole is quite volatile, and the same market has increased from $ 25 billion to $ 9.64 billion. The RSI is 45, indicating the neutral momentum. The double -top model suggests that the price could drop below $ 100 if the support at $ 120 fails. Analysts are nevertheless prudently optimistic, predicting a recovery at $ 200 at $ 300 per quarter 2025 and $ 500 to $ 1,000 by 2026-2029, drawn by the rise of defi, institutional adoption and Solana position in guardianship assets. But the market capitalization of $ 69.2 billion in Solana, competition from layer 1 blockchains such as the Aptos and even fatigue make less likely to make huge benefits. This change on the market presents a project like Little Pepe ($ lilpepe) with the opportunity to take the scene.
