The analyst predicted Solana (SOL) at $1000 in 2025

Analyst and crypto investor Daniel Cheng believes that in the coming months, the cryptocurrency market may enter a new period of growth (also known as a bull market or bull run). In his opinion, the upcoming bull run even has a chance to surpass 2021. And Solana will be one of the most interesting players. According to the expert, the blockchain will outpace Ethereum, and the SOL token will reach $1000 in 2025.

Cheng also listed the factors that will potentially lead to Solana’s (SOL) growth

1. Legalization of cryptocurrencies and a change in regulatory policy in the US by the Trump administration to a more lenient one.
2. ETF launch for Solana. The launch of an exchange-traded fund based on SOL in the first quarter of 2025 will open up the asset to investors in traditional markets.
3. Massive attraction of new investors due to increased attention to cryptocurrencies, which may lead to an increase in trading volumes and a rise in the SOL price.
4. Potential inclusion of bitcoin in the US state reserve will also fuel the general interest in cryptocurrencies.

In addition, Coinbase launches cbBTC token is pegged to Bitcoin on the Solana blockchain. The integration of this asset on the Solana platform opens up additional opportunities for users in decentralized financial protocols (DeFi) such as Kamino Finance, Raydium, and Jupiter.