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Despite record-breaking adoption figures, Solana is still trading below $100, prompting analysts to label it undervalued and a big bet for the future. The 7th-largest cryptocurrency by market capitalization is currently trading right around $90 at press time, up 12% since the start of May, but the value proposition could be substantial.
Crypto analyst on X, The Other Parker, tweeted earlier:
Based on the influencer’s tweet, $SOL currently commands one 1/5th the market capitalization of Ethereum, even though its liquidity only trails the latter by a much smaller difference. While top coins like BTC, ETH, and others have rebounded strongly in recent weeks, SOL continues to trade sideways, offering a strong relative trade opportunity, Parker argues.
Solana Metrics Underscores Its Core Strength
Solana blockchain’s unique Proof of History (PoH) consensus mechanism and system architecture, offering second finality and minimal fees, has found important use cases in Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and Real World Asset (RWA) tokenization.
The first quarter of 2026 saw record transaction volumes, with tokenized asset trading reaching $1.26 billion in the first three months alone. Solana’s performance during the 2025 calendar year marked a major development, with Decentralized Exchange (DEX) volumes reaching as high as $1.5 trillion and generating $2.4 billion in revenue for the native ecosystem. The network commands millions of daily active users and has inked important partnerships with Visa, Stripe, PayPal, Circle, BlackRock, JPMorgan, and others, which have strengthened its market position.
Many analysts had predicted that the programmable blockchain would have a stellar end to 2025, but instead, it experienced a major price meltdown, with its value dropping more than 70% in a matter of months. Now, with the broader crypto market experiencing a significant price recovery, there is hope that $SOL will see a major change in its fortunes as well.
This is the price chart of $SOL for the last 30 days:
The cryptocurrency is right around the edge of the major $90 short-term price support level. Any move above the $90 resistance level will trigger a bullish move likely to overcome the $100 price point.
However, while Solana’s network statistics remain impressive, some users remain unconvinced it will lead to a major rally because of its poor performance during the 2024-2025 bull market.
One user replied to Parker:
Another quipped:
However, some users did agree with Parker’s take and believe that SOL is primed for a healthy run upwards.