Solana (Sol) clearly gained on momentum last week. The price increase attracts a lot of attention, especially because the cryptoma market seems a bit more positive again. Nevertheless, the big question remains whether Solana can actually pierce a record course of $ 300, the equivalent of almost 265 euros.
Solana and Ethereum in the spotlight
At the time of writing, Solana is more than 20 percent off Ethereum (ETH) increased. This led to a remarkable performance of the SOL/ETH trade relationship, which even reached the highest level for months.
There are several explanations for this clear course. The pseudonymous dealer Bitcoinensus pointed out that “Solana recorded his highest weekly conclusion of all time to Ethereum, which indicates that the Solana ecosystem may continue to do better in the near future.”
$ Sol to $ ETH Ratio Highest Weekly Close:
The Sol/ETH (Solana vs Ethereum) Chart have just flashed a sign of strength signal.
Solana has close it highest Weekly Close Against Ethereum in History, Reflecting That We Could See Continued Outperformance of the Solana Ecosystem. pic.twitter.com/vbzcfb2ers
– Bitcoinensus (@Bitcoinensus) April 14, 2025
The general upswing in the cryptom market, where many investors get in carefully, also seems to contribute. But this upswing also has a downside. The on-chain data, like the further decreasing network feesShow that the use of the Solana blockchain increases more slowly than hoped.
Can Solana really rise to $ 300?
While an analyst quickly expects SOL to go towards $ 300, others indicate potential obstacles. For example, figures show that the total income from transaction costs on Solana has dropped by more than 90 percent since the beginning of this year.
In addition, the most important decentralized applications in the network, such as raydium and orca, show lower volumes. Healthy growth of the blockchain is often related to more activity, and this seems to be stagnating.
Nevertheless, one claims Well -known dealer On X that Solana “shows a similar pattern as Ethereum in 2021” and that this could be a harbinger of a significant price increase in the coming years.
Challenges for Solana
If a new wave of interest in the Solana ecosystem arises or if the market attracts a lot again, a significant course jump is not excluded.
Ultimately, Solana faces a major challenge to really push through the desired $ 300. The recent price gain compared to Ethereum is certainly impressive, but structural growth requires more than just a spark of optimism.
If the activity in the network increases and investors keep trust, this can continue upwards. However, if the on-chain activity remains, then a significant correction threatens.
Ethereum co-founder Vitalik Buterin recently expressed sharp criticism of pump.fun, a popular platform on the Solana blockchain.