Solana is once again in the spotlight, with a price close to $227 after reaching highs of $236 this week. The weekly increase of 17% in Solana has been driven by the Uptober rallies and speculation about institutional inflows. Investors are closely watching the Solana ETF, which, despite moderate inflows, has sparked strong interest in the market.
The upcoming Alpenglow update for Solana could be transformative, reducing block times to 150 milliseconds. If the momentum continues, Solana could soon retest the resistance of $260, with traders targeting $300 before the end of the year. With low gas fees and the expansion of cross-chain capabilities, Solana remains one of the best options for cryptocurrency projects in 2025.