Will Solana’s Price Reach $200 by 2025? Analyzing Potential Golden Cross & Bullish Signals

Solana has established itself as a dominant force in the blockchain space, capturing the top spot for DEX trading volume in Q1 of 2023. While this impressive performance saw Solana reach a peak of $35.9 billion in daily DEX volume in January, it’s experienced a decline in revenue and activity since then. However, recent institutional investment and positive price action suggest potential for bullish momentum. Galaxy Digital’s substantial SOL deposits on ETH raise questions about its intentions but also highlight the growing support from institutions.