Solana Collapses By 30% After A Historic Record... And Now?

Since the end of November 2024, Solana (SOL) prices have fallen by more than 30%, raising concerns among investors and crypto enthusiasts. This significant decline comes after a period of strong growth, during which Solana had reached historic highs.

Crypto – Solana falls by 30% after its November ATH!

Solana, known for its speed and low transaction fees, has been one of the best-performing cryptos in recent years. In November 2024, SOL reached a new ATH of $264, a record since 2021. However, after this spectacular rise, Solana began a downward trend and is currently trading around $185, marking a drop of about 30% from its last peak in November.

This drop in Solana can be attributed to several factors. Firstly, a market consolidation and a decrease in activity on Solana’s native platform have been observed. Additionally, Bitcoin’s inability to maintain $100,000 and year-end profit-taking have also contributed to this drop in SOL. Finally, a marked decline in transactions and TVL on Solana has been noted, in favor of new crypto platforms like Hyperliquid.

Future Perspectives

Although analysts agree that this 30% drop in SOL is a healthy correction, they remain divided on Solana’s future prospects. Some anticipate a gradual recovery, supported by technical improvements and a growing adoption of decentralized applications (dApps) on the crypto network.

Others believe that volatility could persist, especially if the technical issues are not definitively resolved. In any case, the price of SOL could well reach new historic highs in 2025, with crypto forecasts around $271.

Finally, the drop in SOL prices since the end of November 2024 illustrates the challenges and uncertainties inherent in the crypto market. Although Solana has demonstrated considerable potential, its ability to overcome technical obstacles and regain investor confidence will be crucial for its future.