Analysts strongly think that Solana can touch a new high but getting to $800 will depend on several factors such as the further expansion of the DeFi space and the adoption of NFTs and other successful upgrades of the network. DEX trading volume of Solana has also increased recently with a trading volume of its mainnet being 168% of Ethereum’s mainnet trading volume although is attributed to Solana-based DEXs, which show high demand and adoption.

As Solana transitions from the current price level towards $800, the chart showcases significant development from prior innovations and increasing institutional engagement as well as Firedancer upgrade in the long term. Furthermore, it must be noted that Solana might correlate with Bitcoin since its price often increases when Bitcoin is approaching its predicted price of $150,000.

 However, With platforms like opening new DeFi opportunities for cryptos, the scene is only getting more favorable to blockchain systems like Solana. If more subscribers and investors come to the DeFi market, more needs for highly efficient platforms like Solana may appear in the future, which can positively influence its price.