Catenaa, Wednesday, June 11, 2025-Solana’s price dipped 1% to $173.82 Thursday amid a broader 2.5% decline in the cryptocurrency market.
Despite the short-term setback, SOL is up 3.5% over the past week and 15% in the last month, though it has gained only 3% in the past year, underperforming expectations for a leading token.
Looking ahead, Solana investors are bullish on the network’s upcoming Alpenglow upgrade, which promises to dramatically boost speed and scalability.
Announced last week by Solana-focused developer Anza, Alpenglow introduces a new consensus protocol that could cut transaction finality times by 100 times—from several seconds down to 100-150 milliseconds.
Replacing Solana’s existing proof-of-history and Tower Byzantine Fault Tolerance algorithms with new methods called Votor and Rotor, the upgrade aims to rival centralized infrastructure speeds and enable real-time applications.
While no exact timeline for Alpenglow’s full rollout has been set, deployment is expected within 12 months.
Technical indicators suggest Solana could rally soon. The token’s 30-day moving average recently formed a golden cross with its 200-day average, often signaling a breakout. Its relative strength index remains bullish after rebounding from lows earlier this year.
Analysts project SOL could reach $200 by June, with a potential surge to $300 later this year fueled by expected approval of Solana-based exchange-traded funds (ETFs) in the fourth quarter.
Meanwhile, Solana’s ecosystem continues to expand. The network’s newest project, layer-two token Solaxy (SOLX), has raised $41.5 million during its presale.
Designed to reduce congestion and fees, Solaxy will offer instant bridging and plans to launch its own decentralized exchange, positioning it as a key player in Solana’s growing landscape. The SOLX sale ends in 19 days.
