As of March 4, 2025, Solana (SOL) has experienced notable developments influencing its market performance:

Recent News

U.S. Strategic Crypto Reserve Announcement: On March 3, 2025, President Donald Trump unveiled plans to establish a U.S. strategic reserve of digital assets, including Solana (SOL), Bitcoin (BTC), Ethereum (ETH), XRP, and Cardano (ADA). This initiative aims to position the United States as a leader in the cryptocurrency industry.

Market Reaction: Following the announcement, Solana's price surged by 13%, reaching $159.75. However, this increase was temporary, with prices stabilizing shortly after.

Current Price

As of the latest data, Solana is trading at $134.10, reflecting a decrease of 18.6% over the past 24 hours.

Price Predictions

Short-Term Forecast: According to CoinCheckup, Solana's price is expected to reach $161.87 in the coming days.

Long-Term Outlook: Projections for 2025 vary, with estimates ranging from $158.47 to $515, depending on market conditions and adoption rates.

Upcoming Events

White House Crypto Summit: A summit is scheduled for March 7, 2025, bringing together industry stakeholders to discuss regulatory policies and the impact of cryptocurrencies on the U.S. financial system.

These developments underscore the dynamic nature of the cryptocurrency market and the significant role Solana continues to play in the evolving digital asset landscape.