A cryptocurrency VC predicts SOL could reach $420 if BTC hits record highs in 2025.
The likelihood of SOL reaching new highs in 2025 on Polymarket is under 30%.
Chris Burniske, a partner at Placeholder and former crypto lead at Ark Invest, predicts that Solana [SOL] could reach $420 by the end of 2025.
He made this prediction based on the potential surge of Bitcoin to record highs this year.
"If BTC peaks at $142,069 this year and the SOL/BTC ratio returns to cycle highs, reaching around $420, then the scenario will be confirmed."
Three potential factors driving SOL
The SOL/BTC ratio tracks the relative price performance of SOL against BTC. From late 2023 to early 2024, the SOL/BTC ratio increased by 330% before declining from April 2024.
This means that SOL outperformed BTC by 330% during that time, and this ratio peaked in the cycle at 0.003. However, this ratio has decreased by 52% from the cycle peak, indicating the relative strength of BTC since Q2 2024.
Source: SOL/BTC ratio, TradingView
Some analysts view this as a capital shift from SOL to BTC and vice versa. A new high for BTC could encourage investors to shift profits from the largest digital asset to SOL.
However, before a recovery, it is highly likely that the SOL/BTC ratio will drop to the support of the symmetrical triangle pattern (white).
From a chain perspective, the price of SOL has been closely tied to the development of the meme token sector. In Q1 2025, the decline in the meme frenzy pulled altcoins below $100 for the first time since February 2024.
However, analysts at VanEck stated that,
"Although some question the sustainability of this trend (meme tokens), Solana has proven its superiority in handling large volumes of decentralized transactions. This positions Solana as the foundation for the next explosive trading application."
Source: VanEck
Simply put, the next cryptocurrency story, similar to last year's AI frenzy, may unfold in the Solana ecosystem, enhancing its value.
Cash flow from companies, especially those seeking strategic benefits through SOL, could drive the rise of the altcoin. SOL Strategies has led, but many more active companies are also getting involved.
Notably, DeFi Dev Corp recently purchased a validator-related project with 500K SOL staked (worth $72.5 million) for corporate treasury purposes.
Source: Polymarket
On Polymarket, the prediction page assesses the likelihood of under 30% that SOL will reach record highs before 2026. This suggests that retail investors are not as optimistic as Burniske about this altcoin.
In the 12-hour price chart, SOL touched the 50-EMA (Exponential Moving Average). It may drop to the buying zone from $100-$120 if support is broken.
Source: SOL/USDT, TradingView
Source: https://tintucbitcoin.com/solana-se-dat-420-usd-vao-2025-sol-va-song-bitcoin/
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