Every cryptocurrency has a specific price goal that it would like to achieve. The Shiba Inu (SHIB) community hopes to reach the 1-cent mark, while Dogecoin (DOGE) has been eyeing $1. Meanwhile, $500 is a prominent Solana (SOL) market milestone.

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At press time, Solana was trading at $143.38, with a daily drop of 3.84%. Considering this, the asset will need to surge by nearly 250% to reach the $500 mark. SOL is currently 44% below its all-time high of $260. While upticks of this magnitude seem unrealistic, it is worth noting that the asset rose by over 500% throughout the past year. Therefore, a potential surge to $500 by next year won’t come as a surprise.

Predictions And Factors Influencing Solana’s Price

Analyst Joji’s Prediction

Last month, an analyst named Joji revealed that Solana is on the verge of a price breakout. Joji predicted an upcoming price spike by pointing to an accumulation period in Solana’s historical pricing chart.

According to the analyst’s data, SOL surged 884% from a comparable position during the 2021 bull run, and the expert predicts that this cycle will recur. The analyst suggested that this could take place as early as this year.

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Solana’s Ascent To $500

Prominent prediction platform Changelly highlighted other plans for the altcoin. According to the firm, Solana will take some time to surge to $500. The asset must wait until February 2028 to rise to this high. The maximum price that Solana is expected to reach during this month over three years later is $503.94.

In addition, the possible approval of a Solana Exchange Traded Fund (ETF) could boost the process of SOL hitting $500 sooner than 2028.

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