The Solana (SOL) price is consolidating around $172 as crypto market activity slows heading into the weekend, following a stunning near 20% rally since the start of the week.
That rally comes on the heels of a decisive improvement in broader macro risk sentiment and positive technical developments.
However, in the background, new narratives are gaining strength that could propel the Solana 10x higher from current levels this bull run – institutional adoption, and “real world asset” (RWA) leadership.
On Thursday this week, Superstate, a fintech firm bridging traditional and crypto finance, launched Opening Bell.
This new platform enables SEC-registered public equities to be tokenized and traded on the Solana blockchain in a compliant manner.
SOL Strategies, a Canadian Solana-focused firm, will be the first to list its shares, leveraging Solana’s high-speed infrastructure for real-time settlement and DeFi integration.
This development positions Solana as a market leader in the fast growing RWA space and is likely to substantially bolster institutional adoption, driving significant interest and investment into its ecosystem.
Solana Price Prediction – 10x Gains Possible?
Things were already looking good for the Solana price this week even before Superstate’s announcement on Thursday.
Firstly, the leading altcoin has been riding the wave of risk on sentiment that has seen Bitcoin smash back through $100,000.
This rise in risk appetite has been driven by positive “trade war” developments, such as the recently announced US/UK trade deal, and hopes that more positive trade news is coming soon (like a de-escalation in US/China trade tensions).
That is all seen as reducing downside risks to the US and global economy, hence the rally in risk assets like crypto.
Secondly, the Solana price found strong support at its 21DMA earlier this week, a sign that the bulls remain in control of the market.
That strong rebound from the 21DMA comes following a decisive breakout above a medium-term downtrend back in April.
Technical analysis thus suggests an increasingly likelihood that Solana’s next stop will be a retest of its record highs near $300.
That said, it will first need to break above support-turned-resistance in the $180 area.
A retest of record highs would mark nearly 2x gains from current levels. But can the Solana price 10x?
Well, Solana put itself on the map as a leading blockchain in 2024 as it dominated the meme coin trading frenzy.
While the meme coin hype has cooled off since then, Solana is demonstrating that its high performance blockchain can lead in even more important crypto use-cases sectors.
Superstate’s decision to launch Opening Bell on the Solana blockchain highlights that it is likely to be a RWA market leader, as well as a leader in many other budding areas of crypto, like DeFi, GameFi and more.
With spot Solana ETFs likely to launch in the USA within a few months, many institutional investors will likely be keen to get exposure to one of crypto’s most exciting blockchains.
The Trump administration appears hell bent on powering crypto industry growth (and market upside) over the next four years.
Solana is well positioned to see its ecosystem swell and institutional adoption surge in the years ahead, suggesting 10x gains before the end of President Trump’s term to a price in the $1,700 area is very feasible.
High Beta Alternative That Could Deliver Even Bigger Gains – Solaxy (SOLX)
Solaxy (SOLX), Solana’s first Layer-2 blockchain, aims to address network congestion and enhance scalability, positioning itself as a high-beta play within the Solana ecosystem.
By processing transactions off-chain using rollup technology, Solaxy boosts transaction speeds and reliability, targeting DeFi and GameFi applications.
Its presale, raising over $34 million by May 2025, reflects strong investor interest, with SOLX priced at $0.001716.
The token, compatible with Solana and Ethereum, supports staking with up to 121% APY. Set for a mid-2025 launch, Solaxy’s success hinges on adoption and exchange listings.
As Solana thrives, leading projects within its ecosystem are likely to see even bigger gains. As Solana rallies back to record highs, it wouldn’t be out of the question to see SOLX rally 10x or more this year.
The post Solana Price Prediction: Superstate’s SEC-Approved Platform Could Drive a 10x Run appeared first on Cryptonews.
