The cryptocurrency market recently won one of its most important gatherings. Bitcoin (BTC) climbed to an all-time high of $122,834 on July 14th. Binance’s BNB and Ripple’s XRP tokens also climbed new peaks at $808.09 and $3.65 respectively. Other assets have also experienced significant breakouts, but have yet to register their highest ever high. Let’s discuss whether Solana (SOL) can follow the path to BTC, XRP and BNB’s new all-time greats.
Can Solana gather at the highest height ever?
Solana (Sol) violated the $200 mark for the first time since February this year. Sol hit a record high of $293.31 in January. Despite this bullish start to this year, the asset struggled to gain momentum for most of the first half of 2025 amid a bear market situation. Sol prices began to skyrocket after pro-crypto legal movements in the US. The US House of Representatives passed genius, clarity, anti-CBDC acts and bills, leading to increased investor sentiment.
Market gatherings are declining and the crypto sector is facing considerable revisions. According to Coingecko’s SOL data, Solana (Sol) has soaked 6.4% in the last 24 hours. Despite the dip, assets continue to trade in the green zones of other frames. Sol prices have risen by 7.1% on the weekly chart, 16.9% on the 14-day chart, 28.8% on the previous month and 5.2% since July 2024.
Sol is one of the most resilient cryptocurrencies in years. Since crashing into the $9 level in 2022, Sol has made an incredible comeback. The asset reached an all-time high last year. The US SEC may approve the Solana ETF within this year. ETF approvals can lead to a significant increase in institutional investment in assets. Such developments could lead Solana to climb to an all-time high.