Crypto sentiment has turned decisively bullish after Bitcoin (BTC) soared to a new all-time high just below $112,000 this afternoon. Historically, whenever Bitcoin breaks a previous ATH and extends gains by double digits, altcoins tend to follow with their own explosive rallies within weeks. In the past 24 hours, Solana (SOL) surged another 5% to trade around $180 on daily volume that spiked 86% to over $7\u202fbillion\u2014marking a sharp recovery from the coin\u2019s $95 mid-April lows.<\/p>\n
As the broader crypto market\u2019s optimism returns, and analysts ask if $200 is the next target for Solana, investors are keeping a close eye on the L1 chain\u2019s ability to handle potential network congestion. Solana has faced congestion hurdles in the past, especially when transactions ramp up around hot meme coin launches\u2014but now, an emerging Layer 2 project called Solaxy (SOLX)<\/a> looks ready to offload the pressure by running parallel execution processes for Solana transactions. This solution is arriving at the perfect time; Solaxy\u2019s presale has skyrocketed past $39.2\u202fmillion, with $1\u202fmillion raised in just the last two days.<\/p>\n The Solaxy team recently confirmed that the SOLX presale will end on June 16, meaning investors have only a few weeks left to grab SOLX at a discounted price of $0.001732<\/a>. Meanwhile, Solana\u2019s on-chain stats continue to exhibit impressive growth, with DEX volumes and institutional flows trending upward. Some analysts suggest that SOL could break through major psychological levels (such as the $200 mark) very soon, especially if altcoins catch bigger bids in the aftermath of BTC\u2019s massive bull run.<\/p>\n This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page.<\/strong><\/em><\/span><\/p>\n Although Bitcoin\u2019s latest ATH is lifting the entire crypto market, Solana\u2019s breakout attempt isn\u2019t just a passive reaction to the broader trend, as the project has seen a number of positive headlines that reinforce its long-term potential.<\/p>\n Most notably, Solana Mobile announced it will release its first crypto-centric smartphone (called the \u201cSeeker\u201d) on August 4 this year. Priced at $500, the Seeker aims to make it easier for users to interact with Solana\u2019s ecosystem on the go.<\/p>\n MetaMask co-founder Dan Finlay has also revealed that the mainstream crypto wallet will begin supporting Solana natively this month. This addition is remarkable because MetaMask previously only catered to EVM-compatible chains (like Ethereum and Polygon).<\/p>\n META MASK CEO CONFIRMS NATIVE SOLANA SUPPORT: DETAILS\u2026<\/p>\n \u2013 MetaMask Co-founder and CEO Dan Finlay confirmed that MetaMask will add native support for Solana\u2019s blockchain in May 2025.<\/p>\n \u2013 For the first time, MetaMask will move beyond the Ethereum Virtual Machine (EVM) ecosystem,\u2026 pic.twitter.com\/ruKQUTde0t<\/a><\/p>\n \u2014 BSCN (@BSCNews) May 19, 2025<\/a><\/p><\/blockquote>\n
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\nSolana\u2019s Bullish Cycle Sparks Hype \u2013 Can SOL Hit $200 Next?<\/strong><\/h2>\n
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