The Cryptocurrency Market struggled violently as it approached its end. Many traders have since expressed concern that a step back asset classes could be the beginning of a new trend. However, Solana (Sol) may not be the case as there are two main reasons why the code could skyrocket as June arrives.
Entering this year, the asset was one of the most promising in the cryptocurrency sector. But five months from 2025, that possibility is yet to be rewarded in a prominent way. However, there are two facets that can change that when summer begins.
Solana will finish the week at $161. This is why it could change in June
For Solana, weeks have been awkward. In the cryptocurrency market, value has fallen across the board, and sales have emerged as a dominant trend. This has affected SoL, which has dropped by 10.9% over the past few days, contacting CoinMarketCap.
But there is a reason to be optimistic about next month. In fact, there is a reason why many investors saw Sol as one of the biggest potential cryptocurrencies when the year began. Specifically, there are two reasons why Solana is set to surge in June.
The first reason is related to the ongoing exploration of Solana ETF spots. There are six investment options available from companies such as Fidelity and Vaneck. They face delays, but a recent report notes that game-changing products have an approval rate of 82% via Polymarket.
Second, Sol is the beneficiary of an increase in institutional funding. Sol Strategies is looking to raise $1 billion with the aim of purchasing more Solana. The decision reflects a similar one made for Bitcoin, and is one of the main reasons why major cryptocurrencies have skyrocketed to the price of $111,000 this year.
These two things should coincide to be a game-changing moment for Solana. If they do come true, it should certainly start inch towards the $180 mark. Plus, once you reach the $200 threshold this year, you should not get in the way.