Solana’s Rise: Could SOL Surpass Bitcoin and Ethereum in 2025?

Jakarta, Pintu News – Solana (SOL) is increasingly attracting the attention of financial institutions and analysts, with an encouraging prediction from Cantor Fitzgerald.

Recent reports suggest that Solana (SOL) has great potential to outperform Bitcoin (BTC) and Ethereum (ETH) in usage by large enterprises.

With efficient staking capabilities and aggressive utility expansion, Solana (SOL) is seen as an ideal corporate asset.

Solana’s Aggressive Expansion

Cantor Fitzgerald, in its report, highlighted Solana’s aggressive expansion in utilities that goes beyond mere meme coin trading.

Read also: 4 Potential Crypto that is Predicted to Beat the Rise of Bitcoin (BTC)!

Data from DeFiLlama shows that the total value locked (TVL) on the Solana network has increased more than 33 times in the past year, with the current value reaching $8.63 billion.

These blockchains are quickly evolving into tokenization hubs and are now being used by large institutions like Moody’s to assign credit ratings to assets.

Crypto exchange Kraken is also considering launching a tokenized stock product using Solana’s infrastructure-suggesting growing confidence in the network’s capabilities.

Tech investment firm MemeStrategy recently became the first public company in Hong Kong to directly invest in Solana. MemeStrategy’s purchase of SOL on Monday saw its share price jump 28.5% on the Hong Kong Stock Exchange, with further gains expected on June 17.

Meanwhile, CoinShares became the eighth company to apply for a Solana spot ETF with the United States Securities and Exchange Commission (SEC), with the aim of listing it on Nasdaq.

Bloomberg analysts estimate a 90% likelihood of approval by July 2025, although a more realistic realization is expected in the fourth quarter of 2025.

Solana Price Outlook

On June 17, 2025, the price of Solana (SOL) was at $154, a decline of about 2.18% in the last 24 hours. At the time, its market capitalization stood at $81 billion.

On the daily chart, SOL prices were seen bouncing off the lower boundary of the Bollinger Band indicator and are now closing around the center line (20-day Simple Moving Average/SMA) at $154.37. This indicates neutral momentum, but there are early signs of strengthening.

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A narrowing Bollinger Band is often a sign of a big move (breakout). If the price manages to break the center line as a resistance level, the next targets could be in the range of $166 and $188.

The RSI (Relative Strength Index) indicator is currently at 47.65, indicating that SOL is neither overbought nor oversold. An upward movement of the RSI could trigger stronger bullish sentiment.

However, if the RSI drops from current levels, SOL prices could be pressured to support levels at $142 and $134.

According to the crypto analyst known as Batman, Solana seems to be quietly preparing for a major rally.

He outlined three potential stages in this upward movement: first breaking the $188 level, then accelerating towards $227, and potentially breaking above $280.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinspeaker. Solana Price: Will SOL Outpace Crypto Giants? Accessed on June 18, 2025