- A crypto VC expected SOL to hit $420, if BTC hits a record high in 2025.
- Polymarket’s chances of a new high for SOL in 2025 were below 30%.
Chris Burniske, partner at crypto VC Placeholder and ex-Ark Invest crypto lead, has projected that Solana’s [SOL] price could hit $420 by the end of 2025.
He pinned his outlook on the potential lift-off from Bitcoin’s expected record high later in the year.
“If $BTC tops at $142,069 this year, and $SOLBTC returns to its cycle high, placing $SOL at ~$420, then the simulation will be confirmed.”
Three potential SOL catalysts
For those unfamiliar, the SOL/BTC ratio tracks the relative price performance of SOL relative to BTC. Between late 2023 and early 2024, the SOL/BTC ratio surged 330% before easing from April 2024.
It meant that SOL outperformed BTC by 330% during that period, and the ratio tapped a cycle high of 0.003. However, the ratio has fallen by 52% from the cycle peak, underscoring BTC’s relative strength from Q2 2024.
Source: SOL/BTC ratio, TradingView
In fact, some analysts interpret it as capital rotation from SOL to BTC and vice versa. So, a new high for BTC would suggest investors rotating profit from the largest digital asset to SOL.
That said, before a potential recovery, there was a high probability of the SOL/BTC ratio dipping to the support of the symmetrical triangle pattern (white).
From an on-chain perspective, SOL’s price has been closely tied to its memecoin sector traction. The slump in meme craze in Q1 2025 dragged the altcoin below $100 for the first time since February 2024.
However, VanEck analysts stated,
“While some question the sustainability of this trend (memecoins), Solana has proven its unmatched ability to process large volumes of decentralized trading. This positions Solana as the most likely home for the next breakout trading application.”
Simply put, the next crypto narrative, like last year’s AI agent craze, may happen within the Solana ecosystem and boost its price.
Corporate inflows, especially firms eyeing a Strategy-like upside through SOL, could fuel the altcoin’s upside. SOL Strategies has led the pack, but more aggressive firms are jumping in.
Notably, the DeFi Dev Corp recently bought a validator venture with 500K staked SOL (worth $72.5 million) for corporate treasury purposes.
On Polymarket, the prediction site priced less than a 30% chance of SOL hitting a record high before 2026. This meant retailers weren’t as optimistic as Burniske on the altcoin.
On the 12-hour price chart, SOL tapped the 50-EMA (Exponential Moving Average). It could dip to the buy $100-$120 buy zone if the support cracks.
Source: SOL/USDT, TradingView
