Crypto YouTuber Jake Gagain has shared his โinsane price predictionโ for Solana (SOL) as he said that the crypto token will climb to $750. The crypto analyst didnโt stop there as he also provided a timeframe for when this price level would be attained.ย
Solana Price To Rise To $750 In 2025
Gagain said that he expects Solana to hit this price level by 2025 in an X (formerly Twitter) post. In the accompanying video, he outlined several reasons for this bullish sentiment. For the first, he alluded to the fact that the Solana network happens to be โquicker, safer, and much more affordableโ than Ethereum.ย
According to him, more users from Ethereum and other networks are likely to migrate to the Solana network as more projects get built on it. This is based on his expectation that Solana will be the โtop competitorโ for Ethereum in the next bull run. Gagain further asserted that SOL will end up becoming the third largest token by market cap, only behind Bitcoin and Ethereum.
The second reason why the analyst is bullish on SOL is because of how it has impressively recovered from the FTX scandal. Solana was at the heart of it as the crypto exchangeโs founder, Sam Bankman-Fried (SBF), was one of the tokenโs biggest backers. SOL dropped below $10 as a result of this while being in the middle of a bear market.ย
However, it has recovered nicely since then, climbing above $100 towards the end of last year. That is why Gagain believes that the crypto token could go as far as hitting its all-time high of $260 and surpassing it.ย
SOL price drops to $95 | Source: SOLUSD on Tradingview.com
SOL Is Also Making Its Way Into The Traditional Market
Jake Gagain also highlighted the fact that Solana was making its way into the traditional market as another reason he was so bullish on SOL. Solanaโs entry into the traditional market is said to be happening through its partnerships with notable brands. One of them, which the crypto analyst mentioned, was its partnership with Shopify.ย
Back when the partnership was confirmed, NewsBTC highlighted how it could help onboard more users into crypto and specifically into the Solana ecosystem. The network was projected to see more activity, considering the number of users Shopify already has.ย
Interestingly, the number of transactions Solana records daily is another reason why Gagain is most bullish on SOL. Network activity is known to be another factor that can affect a tokenโs price.ย
At the time of writing, SOL is trading at around $95, down over 2% in the last 24 hours, according to data from CoinMarketCap.
Featured image from Analytics Insight, chart from Tradingview.com
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