Solana (SOL) is following the market-wide bearish tone. The asset is trading in the red zone across all time frames. According to CoinGecko’s SOL data, Solana’s (SOL) price has fallen 5% in the last 24 hours, 0.6% in the last week, 3.6% in the 14-day charts, 15.2% over the previous month, and 41.4% since December 2024. Solana’s (SOL) price fall is concerning, given that the cryptocurrency was among the best-performing coins of 2024. However, the price dip could be a blessing for new investors or for investors who want to increase their SOL holdings. Let’s discuss.

Why Solana’s Price Fall Could Be a Blessing

Solana’s (SOL) current situation is far from its worst. SOL’s price fell to below $9 after the collapse of FTX in 2022. Since its 2022 lows, SOL’s price has hit multiple all-time highs. The asset hit its most recent peak of $293.31 in January of this year. SOL’s price has fallen by more than 54% from its January peak.

Solana’s (SOL) incredible performance over the last few years has solidified its status as one of the most resilient cryptocurrencies in the market. Although the asset’s current lackluster trajectory is concerning to many, it could be a blessing in disguise.

Also Read: Solana Shows No New Users: What It Signals for the Next SOL Price Move

Solana’s (SOL) price is expected to hit new heights over the coming years. The project saw the launch of a few spot ETFs over the last few months. ETF inflows have been low, but may pick up the pace once the bear market is over.

Moreover, Bitcoin (BTC) is expected to hit a new all-time high next year. Solana’s (SOL) price tends to follow BTC’s trajectory. BTC hitting a new peak will likely lead to SOL following suit. The current prices could be an excellent entry point for new investors or for investors looking to bring down their average cost.