Key Points
- Solana [SOL] could potentially outperform Bitcoin [BTC] in investor returns over the next 12 months, according to Mert Mumtaz, founder of Helius Labs.
- Despite the bullish predictions, market participants are not optimistic about SOL crossing $300 in 2025.
Mert Mumtaz, the founder of Solana-focused developer platform Helius Labs, predicts that Solana [SOL] could offer better returns than Bitcoin [BTC] in the upcoming year.
Mumtaz believes that SOL has more potential for growth compared to BTC.
SOL’s Potential Upside
According to Mumtaz, SOL is a strong contender in the crypto market due to its high concentration of talent, balance of retail and institutional interest, and impending improvements.
He also predicted that SOL might reach $500 in 2025.
Competition with BTC, ETH
Kyle Samani, a partner at MultiCoin Capital, has also shown confidence in SOL, stating that it could surpass both Ethereum and Bitcoin.
Samani believes that SOL’s advantages in latency, throughput, and gas costs make it a strong contender for the future of crypto.
Despite these optimistic views, SOL is currently struggling to maintain its value above $100.
If Samani and Mumtaz’s predictions are correct, the current price could be a significant discount.
A potential catalyst for SOL’s growth could be the approval of a U.S Spot SOL ETF.
However, similar updates have not significantly boosted ETH’s value, so it remains to be seen if the same will hold true for SOL.
Despite these bullish predictions, market participants are not optimistic about SOL crossing $300 in 2025.
According to predictions site Polymarket, there is only a 17% chance of SOL reaching a new all-time high before 2026.
For Bitcoin, most participants expect BTC to reclaim its all-time high in 2025, suggesting that speculators may be more bullish on BTC than SOL in 2025.
However, the SOL/BTC ratio, which tracks SOL’s relative price performance to BTC, is heading towards a key support level.
A rebound could potentially allow SOL to regain over 50% of its lost ground against BTC.
