Solana collapses 30% after historic record… what now?

Since late November 2024, Solana (SOL) prices have fallen by more than 30%, causing concern among investors and crypto enthusiasts. This significant drop comes after a period of strong growth, where Solana had nevertheless reached historic peaks.

Crypto – Solana falls 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. By November 2024, SOL had reached a new ATH at $264, a high since 2021. However, after this spectacular rise, solana began a bear run and today trades around $185, marking a fall of approximately 30% compared to its last peak in November.

This fall in solana can be attributed to several factors. First, market consolidation and a decline in activity on Solana's native platform were observed. In addition, the inability of bitcoin to maintain $100,000 and profit taking at the end of the year also contributed to this decline in SOL. Finally, a marked drop in transactions and TVL on Solana was noted, to the benefit of new crypto platforms like Hyperliquid.

Future outlook

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

Others say volatility could persist, especially if technical issues are not permanently resolved. Anyway, the price of SOIL could well reach new all-time highs in 2025, with the crypto forecast around $271.

Finally, the fall 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 hurdles and regain investor confidence will be crucial to its future.